Brookspeare Music Ltd - Filleted accounts

Registered number

12038196

Brookspeare Music Ltd

Filleted Accounts

31 March 2025

Brookspeare Music Ltd
Registered number:		12038196
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		15,130			10,543

Current assets
Debtors	4	200			5,438
Cash at bank and in hand		17,536			15,031
		17,736			20,469

Creditors: amounts falling due within one year	5	(7,728)			(8,088)

Net current assets			10,008			12,381

Total assets less current liabilities			25,138			22,924


Provisions for liabilities			(2,875)			-


Net assets			22,263			22,924

Capital and reserves
Called up share capital			2			2
Profit and loss account			22,261			22,922

Shareholders' funds			22,263			22,924

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Richard Brooker Rachel Shakespeare
Director	Director
Approved by the board on 23 September 2025

Brookspeare Music Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
	Brookspeare Music Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	69 Loughborough Road
	West Bridgford
	Nottingham
	NG2 7LA

	The financial statements are prepared in Sterling (£) which is the functional currency of the company.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Studio & equipment	15% reducing balance

	Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account.
	Financial instruments
	The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Studio & Equipment
£
	Cost
	At 1 April 2024				19,367
	Additions				7,260
	At 31 March 2025				26,627

	Depreciation
	At 1 April 2024				8,824
	Charge for the year				2,673
	At 31 March 2025				11,497

	Net book value
	At 31 March 2025				15,130
	At 31 March 2024				10,543


4	Debtors		2025		2024
£				£

	Trade debtors		200		4,988
	Other debtors		-		450
			200		5,438


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		898		3,466
	Other creditors		6,830		4,622
			7,728		8,088


6	Controlling party
	The company is controlled by the directors by virtue of their majority shareholding.