REGISTERED NUMBER: 11451431 (England and Wales)

Financial Statements

for the Period 1st September 2023 to 31st December 2024

for

JBM Music Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Meehan

B I Murphy

REGISTERED OFFICE:

106 Princess Street

Manchester

M1 6NG

REGISTERED NUMBER:

11451431 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

33,061

4,692

CURRENT ASSETS

Debtors

454,995

1,074,497

Cash at bank

1,261,497

105,372

1,716,492

1,179,869

CREDITORS

Amounts falling due within one year

1,125,074

1,397,271

NET CURRENT ASSETS/(LIABILITIES)

591,418

(217,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

624,479

(212,710

)

PROVISIONS FOR LIABILITIES

8,265

1,173

NET ASSETS/(LIABILITIES)

616,214

(213,883

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

616,212

(213,885

)

616,214

(213,883

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

J F Meehan - Director

1.	STATUTORY INFORMATION

JBM Music Ltd 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.

CHANGES IN YEAR END

The financial period end has changed from 31 August to 31 December. The current period figures are for a 16 month period, compared to a comparative 12 month period. As such comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

TURNOVER

Ticket sales are recognised on the day of the event that the tickets relate to.

Bar and merchandise sales are recognised at point of sale when the relating goods are given to the customer.

Commission on third party booking fees is recognised at the point the non-refundable booking fees are receivable by such third paries.

Other income is recognised on the day of the event that such income relates to.

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

-

20% on cost

Computer equipment

-

33% on cost

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st September 2023

7,038

Additions

40,250

At 31st December 2024

47,288

DEPRECIATION

At 1st September 2023

2,346

Charge for period

11,881

At 31st December 2024

14,227

NET BOOK VALUE

At 31st December 2024

33,061

At 31st August 2023

4,692

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

30,458

-

Between one and five years

14,319

-

44,777

-

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st December 2024 and the year ended 31st August 2023:

2024

2023

£

£

B I Murphy

Balance outstanding at start of period

71,023

25,703

Amounts advanced

421,179

72,167

Amounts repaid

(492,340

)

(26,847

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(138

)

71,023

J F Meehan

Balance outstanding at start of period

32,898

32,578

Amounts advanced

446,106

27,167

Amounts repaid

(492,340

)

(26,847

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(13,336

)

32,898

7.	PRIOR YEAR ADJUSTMENT

The comparatives have been restated as no provision was made in the previous financial statements for prepayments, accruals, accrued income or deferred income. In addition tangible fixed assets previously capitalised were not being depreciated. This has had a knock on effect to the corporation tax charge.