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Company Registration No. 11533808 (England and Wales)
Forgotten Lands Music Ltd Unaudited accounts for the year ended 31 August 2024
Forgotten Lands Music Ltd Unaudited accounts Contents
Page
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Forgotten Lands Music Ltd Company Information for the year ended 31 August 2024
Director
Rose-Ellen Kemp
Company Number
11533808 (England and Wales)
Registered Office
69 Mount Pleasant Road Hastings East Sussex TN34 3SJ England
Accountants
RDM Accountancy Services Ltd 69 Mount Pleasant Road Hastings East Sussex TN34 3SJ
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Forgotten Lands Music Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
112 
150 
Current assets
Debtors
22 
87 
Cash at bank and in hand
4,058 
162 
4,080 
249 
Creditors: amounts falling due within one year
(3,234)
(397)
Net current assets/(liabilities)
846 
(148)
Net assets
958 
2 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
952 
(4)
Shareholders' funds
958 
2 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 December 2024 and were signed on its behalf by
Rose-Ellen Kemp Director Company Registration No. 11533808
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Forgotten Lands Music Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Forgotten Lands Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 11533808. The registered office is 69 Mount Pleasant Road, Hastings, East Sussex, TN34 3SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets are only included in the accounts when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax assets and liabilities are not discounted.
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Forgotten Lands Music Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
200 
320 
520 
At 31 August 2024
200 
320 
520 
Depreciation
At 1 September 2023
50 
320 
370 
Charge for the year
38 
- 
38 
At 31 August 2024
88 
320 
408 
Net book value
At 31 August 2024
112 
- 
112 
At 31 August 2023
150 
- 
150 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
22 
87 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,807 
22 
Loans from directors
52 
- 
Accruals
375 
375 
3,234 
397 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Rose-Ellen Kemp
Directors Loan Account
65 
10,883 
11,000 
(52)
65 
10,883 
11,000 
(52)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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