Registration number: 10964619

Studio 91 Music Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Studio 91 Music Ltd

(Registration number: 10964619)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	33,892	44,686
Current assets
Debtors	5	3,824	3,696
Cash at bank and in hand		3,449	20,656
		7,273	24,352
Creditors: Amounts falling due within one year	6	(60,037)	(73,373)
Net current liabilities		(52,764)	(49,021)
Total assets less current liabilities		(18,872)	(4,335)
Creditors: Amounts falling due after more than one year	6	(81,738)	(85,677)
Net liabilities		(100,610)	(90,012)
Capital and reserves
Called up share capital		1	1
Retained earnings		(100,611)	(90,013)
Shareholders' deficit		(100,610)	(90,012)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Studio 91 Music Ltd

(Registration number: 10964619)
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 19 September 2025
 

......................................... S J Winfield Director

Studio 91 Music Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Yates Copse
Newbury
RG14 2SB
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These accounts have been prepared on a going concern basis as the director has confirmed he will continue to support the company for a period of twelve months from signing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of music studio recording services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Studio 91 Music Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance basis
Plant and machinery	25% Reducing balance basis
Fixtures and fittings	25% Reducing balance basis
Property improvements	10% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for music studio recording services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 5).

Studio 91 Music Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Property improvements  £	Total £
Cost or valuation
At 1 October 2023	81,862	13,652	16,482	9,436	121,432
Additions	-	-	363	-	363
At 30 September 2024	81,862	13,652	16,845	9,436	121,795
Depreciation
At 1 October 2023	48,970	10,132	10,382	7,261	76,745
Charge for the year	8,186	880	1,548	544	11,158
At 30 September 2024	57,156	11,012	11,930	7,805	87,903
Carrying amount
At 30 September 2024	24,706	2,640	4,915	1,631	33,892
At 30 September 2023	32,892	3,520	6,100	2,174	44,686

5

Debtors

	2024 £	2023 £
Trade debtors	2,764	3,696
Prepayments	1,060	-
	3,824	3,696

Studio 91 Music Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	14,041	20,607
Trade creditors		2,040	3,037
Taxation and social security		17,630	22,315
Other creditors		26,326	27,414
		60,037	73,373