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COMPANY REGISTRATION NUMBER: 10644228

Mardon Music Ltd

Filleted Unaudited Financial Statements

28 February 2025

Mardon Music Ltd

Statement of Financial Position

28 February 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 14,425 |  | 11,841

Current assets

Debtors | 6 | 127 |  | – |
Cash at bank and in hand | 551 |  | 112 |
| ---- |  | ---- |
| 678 |  | 112 |

Creditors: amounts falling due within one year | 7 | 16,325 |  | 13,011 |
| -------- |  | -------- |
Net current liabilities |  | 15,647 |  | 12,899
|  | -------- |  | --------
Total assets less current liabilities |  | ( 1,222) |  | ( 1,058)
|  | ------- |  | -------
Net liabilities |  | ( 1,222) |  | ( 1,058)
|  | ------- |  | -------

Capital and reserves

Called up share capital | 8 |  | 3 |  | 3
Profit and loss account |  | ( 1,225) |  | ( 1,061)
|  | ------- |  | -------
Shareholder deficit |  | ( 1,222) |  | ( 1,058)
|  | ------- |  | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mardon Music Ltd

Statement of Financial Position (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

Mr P Mardon |
Director |

Company registration number: 10644228

Mardon Music Ltd

Notes to the Financial Statements

Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the support of its director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 5% reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Plant and machinery
| £
Cost |
At 1 March 2024 | 15,494
Additions | 3,235
| --------
At 28 February 2025 | 18,729
| --------
Depreciation |
At 1 March 2024 | 3,653
Charge for the year | 651
| --------
At 28 February 2025 | 4,304
| --------
Carrying amount |
At 28 February 2025 | 14,425
| --------
At 29 February 2024 | 11,841
| --------

6. Debtors

| 2025 | 2024
| £ | £
Prepayments and accrued income | 127 | –
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 504 | 480
Director loan accounts | 15,821 | 12,531
| -------- | --------
| 16,325 | 13,011
| -------- | --------

8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 3 | 3 | 3 | 3
| ---- | ---- | ---- | ----

9. Related party transactions
At the year end the company owed the director £15,821 (2024 - £12,531) which is shown amongst creditors.