REGISTERED NUMBER: 08858590 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

QUARMBY MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J H Quarmby

Ms H Allen

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

REGISTERED NUMBER:

08858590 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Intangible assets

4

1,980

-

Tangible assets

5

10,495

8,143

Investments

6

128,590

120,631

141,065

128,774

CURRENT ASSETS

Debtors

7

12,360

18,975

Cash at bank

174,212

211,953

186,572

230,928

CREDITORS

Amounts falling due within one year

8

18,603

40,046

NET CURRENT ASSETS

167,969

190,882

TOTAL ASSETS LESS CURRENT LIABILITIES

309,034

319,656

PROVISIONS FOR LIABILITIES

5,105

1,597

NET ASSETS

303,929

318,059

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

303,927

318,057

SHAREHOLDERS' FUNDS

303,929

318,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 29 August 2025 and were signed on its behalf by:

Mr J H Quarmby - Director

Ms H Allen - Director

1.	STATUTORY INFORMATION

Quarmby 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 as modified by the revaluation of certain assets.

Turnover

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments

Quarmby Music Ltd had an investment in the year from Artemis, the brought forward was £120,631 and by the January 2025 was worth £128,590 giving a revaluation surplus of £7,959. This gain has been recorded in the profit and loss and deducted for corporation tax purposes.

Within the accounts, deferred tax of £1990 has been recorded.

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

-

25% on reducing balance

Financial instruments

Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,200

At 31 January 2025

2,200

AMORTISATION

Charge for year

220

At 31 January 2025

220

NET BOOK VALUE

At 31 January 2025

1,980

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

21,348

Additions

5,850

At 31 January 2025

27,198

DEPRECIATION

At 1 February 2024

13,205

Charge for year

3,498

At 31 January 2025

16,703

NET BOOK VALUE

At 31 January 2025

10,495

At 31 January 2024

8,143

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2024

120,631

Revaluations

7,959

At 31 January 2025

128,590

NET BOOK VALUE

At 31 January 2025

128,590

At 31 January 2024

120,631

Cost or valuation at 31 January 2025 is represented by:

Other

investments

£

Valuation in 2025

128,590

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

101,833

101,833

The fixed asset investments were valued on an open market basis on 31 January 2024 by Artemis Fund Managers .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

12,360

18,975

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

1,380

180

Taxation and social security

14,156

36,222

Other creditors

3,067

3,644

18,603

40,046