LACUNA MUSIC LTD

Company Registration Number:
08402875 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

LACUNA MUSIC LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

LACUNA MUSIC LTD

Balance sheet

As at 31 March 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 48,597 56,655
Total fixed assets: 48,597 56,655
Current assets
Debtors:   8,548 4,978
Cash at bank and in hand: 559,765 539,687
Total current assets: 568,313 544,665
Creditors: amounts falling due within one year:   (32,472) (31,149)
Net current assets (liabilities): 535,841 513,516
Total assets less current liabilities: 584,438 570,171
Provision for liabilities: (4,700) (5,500)
Total net assets (liabilities): 579,738 564,671
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 579,735 564,668
Shareholders funds: 579,738 564,671

The notes form part of these financial statements

LACUNA MUSIC LTD

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: R Jones
Status: Director

The notes form part of these financial statements

LACUNA MUSIC LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of music services rendered and royalties received, excluding value added tax. In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on cost

Other accounting policies

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.

LACUNA MUSIC LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

LACUNA MUSIC LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 152,489
Additions 10,416
At 31 March 2025 162,905
Depreciation
At 01 April 2024 95,834
Charge for year 18,474
At 31 March 2025 114,308
Net book value
At 31 March 2025 48,597
At 31 March 2024 56,655

LACUNA MUSIC LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Related party transactions

During the year the company was controlled by the directors.