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REGISTERED NUMBER: 09212273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SCHOOL HOUSE MUSIC LIMITED

SCHOOL HOUSE MUSIC LIMITED (REGISTERED NUMBER: 09212273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCHOOL HOUSE MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: S P Fawcett





REGISTERED OFFICE: 23 High Street
Pewsey
Wiltshire
SN9 5AF





REGISTERED NUMBER: 09212273 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

SCHOOL HOUSE MUSIC LIMITED (REGISTERED NUMBER: 09212273)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Music 4 144,769 158,514

CURRENT ASSETS
Debtors 5 54,804 46,203

CREDITORS
Amounts falling due within one year 6 998 3,242
NET CURRENT ASSETS 53,806 42,961
TOTAL ASSETS LESS CURRENT LIABILITIES 198,575 201,475

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium Account 199,996 199,996
Retained earnings (1,425 ) 1,475
SHAREHOLDERS' FUNDS 198,575 201,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 June 2025 and were signed by:





S P Fawcett - Director


SCHOOL HOUSE MUSIC LIMITED (REGISTERED NUMBER: 09212273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

School House 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 income earned from music catalogues during the year.

Revenue recognition
Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Music catalogues are being amortised evenly over their estimated useful life of twenty years.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SCHOOL HOUSE MUSIC LIMITED (REGISTERED NUMBER: 09212273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Music
Catalogues
£   
COST
At 1 January 2024
and 31 December 2024 274,889
AMORTISATION
At 1 January 2024 116,375
Amortisation for year 13,745
At 31 December 2024 130,120
NET BOOK VALUE
At 31 December 2024 144,769
At 31 December 2023 158,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 47,559 39,608
Other debtors 7,245 6,595
54,804 46,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 2,244
Other creditors 998 998
998 3,242

7. RELATED PARTY DISCLOSURES

Included within debtors as at the year end is £47,559 (2023: £39,608), an amount owed from Copyright Administration Services Limited, a related company where Mr. Simon Fawcett is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.