REGISTERED NUMBER: 06727615 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Gouldman Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G K Gouldman

Mrs A Gouldman

REGISTERED OFFICE:

Suite 1, First Floor

Coachworks Arcade

Northgate Street

Chester

Cheshire

CH1 2EY

REGISTERED NUMBER:

06727615 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

Suite 1, First Floor

Coachworks Arcade

Northgate Street

Chester

Cheshire

CH1 2EY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,222

31,284

26,222

31,284

CURRENT ASSETS

Debtors

6

320,166

393,422

Investments

7

60,855

45,800

Cash at bank

329,846

79,489

710,867

518,711

CREDITORS

Amounts falling due within one year

8

(128,991

)

(48,138

)

NET CURRENT ASSETS

581,876

470,573

TOTAL ASSETS LESS CURRENT LIABILITIES

608,098

501,857

PROVISIONS FOR LIABILITIES

(6,556

)

(7,821

)

NET ASSETS

601,542

494,036

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

601,442

493,936

SHAREHOLDERS' FUNDS

601,542

494,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

G K Gouldman - Director

1.	STATUTORY INFORMATION

Gouldman Music Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents sales of goods delivered and services provided in the period, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognisation, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Copyrights have been amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are included at cost less accumulated depreciation. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15 % reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and 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 year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

350,000

1,000

351,000

AMORTISATION

At 1 February 2024

and 31 January 2025

350,000

1,000

351,000

NET BOOK VALUE

At 31 January 2025

-

-

-

At 31 January 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

85,851

Additions

227

At 31 January 2025

86,078

DEPRECIATION

At 1 February 2024

54,567

Charge for year

5,289

At 31 January 2025

59,856

NET BOOK VALUE

At 31 January 2025

26,222

At 31 January 2024

31,284

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

15,514

Other debtors

320,166

377,908

320,166

393,422

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other investments

60,855

45,800

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

7

Taxation and social security

118,986

40,573

Other creditors

10,005

7,558

128,991

48,138

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

G K Gouldman

Balance outstanding at start of year

316,610

322,623

Amounts advanced

373,571

196,573

Amounts repaid

(443,939

)

(202,586

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

246,242

316,610

The above advances are unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

During the two years ended 31 January 2025 Mr G K Gouldman, the director, controlled the company by virtue of owning the majority of the issued share capital.