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REGISTERED NUMBER: 08360305 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

CHERRY TREE MUSIC LIMITED

CHERRY TREE MUSIC LIMITED (REGISTERED NUMBER: 08360305)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CHERRY TREE MUSIC LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S A McCarthy





SECRETARY: Mrs D P McCarthy





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
United Kingdom
West Sussex
PO21 1EU





REGISTERED NUMBER: 08360305 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

CHERRY TREE MUSIC LIMITED (REGISTERED NUMBER: 08360305)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,951 4,620

CURRENT ASSETS
Cash at bank 3 3

CREDITORS
Amounts falling due within one year 5 2,605 3,043
NET CURRENT LIABILITIES (2,602 ) (3,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349

1,580

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 1,249 1,480
SHAREHOLDERS' FUNDS 1,349 1,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





S A McCarthy - Director


CHERRY TREE MUSIC LIMITED (REGISTERED NUMBER: 08360305)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Cherry Tree Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CHERRY TREE MUSIC LIMITED (REGISTERED NUMBER: 08360305)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 32,215
Additions 750
Disposals (3,225 )
At 31 January 2024 29,740
DEPRECIATION
At 1 February 2023 27,595
Charge for year 987
Eliminated on disposal (2,793 )
At 31 January 2024 25,789
NET BOOK VALUE
At 31 January 2024 3,951
At 31 January 2023 4,620

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1 (1 )
Taxation and social security 338 1,289
Other creditors 2,266 1,755
2,605 3,043

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 February 2023 1,480
Profit for the year 769
Dividends (1,000 )
At 31 January 2024 1,249

CHERRY TREE MUSIC LIMITED (REGISTERED NUMBER: 08360305)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S A McCarthy
Balance outstanding at start of year (1,754 ) (2,269 )
Amounts advanced 488 1,515
Amounts repaid (1,000 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,266 ) (1,754 )

The Directors loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company remained under the control of it's Director.