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REGISTERED NUMBER: 13650543 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

HCM MUSIC ACADEMY LIMITED

HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)






Contents of the Financial Statements
for the Year Ended 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HCM MUSIC ACADEMY LIMITED

Company Information
for the Year Ended 30 SEPTEMBER 2024







DIRECTOR: A J Horrigan





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Drakes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 13650543 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)

Balance Sheet
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,376 20,549

CURRENT ASSETS
Debtors 5 44,565 50,669
Cash at bank and in hand 67,332 106,515
111,897 157,184
CREDITORS
Amounts falling due within one year 6 104,033 173,328
NET CURRENT ASSETS/(LIABILITIES) 7,864 (16,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,240

4,405

PROVISIONS FOR LIABILITIES 8 4,344 3,904
NET ASSETS 20,896 501

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 20,796 401
SHAREHOLDERS' FUNDS 20,896 501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)

Balance Sheet - continued
30 SEPTEMBER 2024


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 20 March 2025 and were signed by:





A J Horrigan - Director


HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)

Notes to the Financial Statements
for the Year Ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

HCM MUSIC ACADEMY 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 represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)

Notes to the Financial Statements - continued
for the Year Ended 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 26,858 1,459 28,317
DEPRECIATION
At 1 October 2023 7,216 552 7,768
Charge for year 2,946 227 3,173
At 30 September 2024 10,162 779 10,941
NET BOOK VALUE
At 30 September 2024 16,696 680 17,376
At 30 September 2023 19,642 907 20,549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 6,920
Other debtors 44,141 43,000
Prepayments 424 749
44,565 50,669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans (see note 7) 12,500 77,000
Trade creditors 769 2,911
Tax 12,377 4,215
Other creditors 48,689 52,851
Deferred income 26,485 34,617
Accrued expenses 3,213 1,734
104,033 173,328

7. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Other loans 12,500 77,000

HCM MUSIC ACADEMY LIMITED (Registered number: 13650543)

Notes to the Financial Statements - continued
for the Year Ended 30 SEPTEMBER 2024

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 4,344 3,904

Deferred
tax
£   
Balance at 1 October 2023 3,904
Provided during year 440
Balance at 30 September 2024 4,344

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary shares £1.00 100 100

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £44,141 by MI Music Academy Limited, a company in which A J Horrigan is a director and shareholder.

11. ULTIMATE CONTROLLING PARTY

The controlling party is A J Horrigan.