RIVERSIDE MUSIC COLLEGE LIMITED

Company limited by guarantee

Company Registration Number:
SC582569 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

RIVERSIDE MUSIC COLLEGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RIVERSIDE MUSIC COLLEGE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 889,392 741,032
Cost of sales: ( 182,769 ) ( 143,223 )
Gross profit(or loss): 706,623 597,809
Administrative expenses: ( 589,803 ) ( 571,371 )
Operating profit(or loss): 116,820 26,438
Interest payable and similar charges: ( 9,024 ) ( 13,555 )
Profit(or loss) before tax: 107,796 12,883
Tax: ( 2,398 ) 4,970
Profit(or loss) for the financial year: 105,398 17,853

RIVERSIDE MUSIC COLLEGE LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 134,902 39,044
Tangible assets: 4 98,069 106,392
Total fixed assets: 232,971 145,436
Current assets
Debtors: 5 76,860 85,341
Cash at bank and in hand: 207,369 195,279
Total current assets: 284,229 280,620
Prepayments and accrued income: 25,888 27,193
Creditors: amounts falling due within one year: 6 ( 12,353 ) ( 21,814 )
Net current assets (liabilities): 297,764 285,999
Total assets less current liabilities: 530,735 431,435
Creditors: amounts falling due after more than one year: 7 ( 33,668 ) ( 38,966 )
Provision for liabilities: ( 3,915 ) ( 5,496 )
Accruals and deferred income: ( 95,187 ) ( 94,406 )
Total net assets (liabilities): 397,965 292,567
Members' funds
Profit and loss account: 397,965 292,567
Total members' funds: 397,965 292,567

The notes form part of these financial statements

RIVERSIDE MUSIC COLLEGE LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 May 2025
and signed on behalf of the board by:

Name: Scott Allan Cameron
Status: Director

The notes form part of these financial statements

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Plant & machinery: 25% TB Office equipment & digital applications : 33% SL

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 18 17

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2024 39,044 39,044
Additions 95,858 95,858
Disposals
Revaluations
Transfers
At 31 March 2025 134,902 134,902
Amortisation
At 1 April 2024 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2025 0 0
Net book value
At 31 March 2025 134,902 134,902
At 31 March 2024 39,044 39,044

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 559,926 15,732 39,715 5,496 620,869
Additions 19,484 2,106 2,662 24,252
Disposals ( 5,496 ) ( 5,496 )
Revaluations
Transfers
At 31 March 2025 579,410 17,838 42,377 0 639,625
Depreciation
At 1 April 2024 463,185 10,767 35,342 5,183 514,477
Charge for year 28,832 1,060 2,370 32,262
On disposals ( 5,183 ) ( 5,183 )
Other adjustments
At 31 March 2025 492,017 11,827 37,712 0 541,556
Net book value
At 31 March 2025 87,393 6,011 4,665 0 98,069
At 31 March 2024 96,741 4,965 4,373 313 106,392

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

2025 2024
£ £
Trade debtors 62,157 64,002
Other debtors 14,703 21,339
Total 76,860 85,341

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 11,082 20,994
Taxation and social security 1,271 820
Total 12,353 21,814

RIVERSIDE MUSIC COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 33,668 38,966
Total 33,668 38,966