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REGISTERED NUMBER: 01729781 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BUFFALO MUSIC LIMITED

BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)






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


BUFFALO MUSIC LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mrs A J Dudley
R Dudley





SECRETARY: R Dudley





REGISTERED OFFICE: 1 Golden Court
Richmond
Surrey
TW9 1EU





REGISTERED NUMBER: 01729781 (England and Wales)





ACCOUNTANTS: The Hughes Consultancy
1 Golden Court
Richmond
Surrey
TW9 1EU

BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,130,354 1,169,853

CURRENT ASSETS
Debtors 5 2,394 2,276
Cash at bank 2,888,815 2,483,708
2,891,209 2,485,984
CREDITORS
Amounts falling due within one year 6 198,465 160,474
NET CURRENT ASSETS 2,692,744 2,325,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,823,098

3,495,363

PROVISIONS FOR LIABILITIES 7 14,421 12,247
NET ASSETS 3,808,677 3,483,116

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 3,808,675 3,483,114
SHAREHOLDERS' FUNDS 3,808,677 3,483,116

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 directors acknowledge their 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.

BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)

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 Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





Mrs A J Dudley - Director


BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Buffalo 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
This is based on the invoiced fees supplied by the company net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Equipment - 15% on reducing balance
Furniture - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Studio & Office - 15% on reducing balance

Depreciation is not provided for the freehold land.


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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property Equipment Furniture
£    £    £   
COST
At 1 October 2023 1,505,715 252,199 51,475
Additions - - 3,316
At 30 September 2024 1,505,715 252,199 54,791
DEPRECIATION
At 1 October 2023 419,244 194,617 42,945
Charge for year 28,115 8,633 1,777
At 30 September 2024 447,359 203,250 44,722
NET BOOK VALUE
At 30 September 2024 1,058,356 48,949 10,069
At 30 September 2023 1,086,471 57,582 8,530

Motor Studio &
vehicles Office Totals
£    £    £   
COST
At 1 October 2023 30,219 54,667 1,894,275
Additions - - 3,316
At 30 September 2024 30,219 54,667 1,897,591
DEPRECIATION
At 1 October 2023 13,221 54,395 724,422
Charge for year 4,249 41 42,815
At 30 September 2024 17,470 54,436 767,237
NET BOOK VALUE
At 30 September 2024 12,749 231 1,130,354
At 30 September 2023 16,998 272 1,169,853

The freehold property includes improvements. The amount attributable to the freehold land is £100,000 (2022 - £100,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 2,394 2,276

BUFFALO MUSIC LIMITED (REGISTERED NUMBER: 01729781)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 322 6,269
Tax 153,627 104,770
Social security and other taxes 3,095 3,143
VAT 27,498 32,821
Directors' current accounts 123 196
Accrued expenses 13,800 13,275
198,465 160,474

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 14,421 12,247

Deferred
tax
£   
Balance at 1 October 2023 12,247
Accelerated capital allowances 2,174
Balance at 30 September 2024 14,421

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 October 2023 3,483,114
Profit for the year 423,561
Dividends (98,000 )
At 30 September 2024 3,808,675

10. RELATED PARTY DISCLOSURES

Mr & Mrs Dudley occupied part of the freehold property of the company as living accommodation rent free.They are assessed personally to tax on this benefit.