SOUTH LONDON COMMUNITY MUSIC

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07386243

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		82,829		82,926

			82,829		82,926
CURRENT ASSETS
Debtors	5	8,247		14,557
Cash at bank and in hand		55,883		34,647

		64,130		49,204
Creditors: Amounts Falling Due Within One Year	6	(5,450 )		(3,255 )

NET CURRENT ASSETS (LIABILITIES)			58,680		45,949

TOTAL ASSETS LESS CURRENT LIABILITIES			141,509		128,875

NET ASSETS			141,509		128,875

Income and Expenditure Account			141,509		128,875

MEMBERS' FUNDS			141,509		128,875

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SOUTH LONDON COMMUNITY MUSIC

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Simon Elliston

Director

29th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SOUTH LONDON COMMUNITY MUSIC is a private company, limited by guarantee, incorporated in England & Wales, registered number 07386243 . The registered office is Magnum House, 133 Half Moon Lane, London, SE24 9JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Music instruments & Library	No depreciation
Sound system	15% reducing balance
Furniture, Stands & Others	15% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Music instruments & Library	Sound system	Furniture, Stands & Others	Total
	£	£	£	£
Cost
As at 1 January 2024	72,282	13,445	17,807	103,534
Additions	788	-	837	1,625

As at 31 December 2024	73,070	13,445	18,644	105,159

Depreciation
As at 1 January 2024	-	9,250	11,358	20,608
Provided during the period	-	629	1,093	1,722

As at 31 December 2024	-	9,879	12,451	22,330

Net Book Value
As at 31 December 2024	73,070	3,566	6,193	82,829

As at 1 January 2024	72,282	4,195	6,449	82,926

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SOUTH LONDON COMMUNITY MUSIC

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	803	1,502
Debtors	7,444	13,055

	8,247	14,557

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Creditors (Current liabilities - creditors < 1 year)	4,550	2,373
Accruals and deferred income	900	882

	5,450	3,255

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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