Music Vine Limited - Filleted accounts

Registered number

09234137

Music Vine Limited

Filleted Accounts

30 September 2025

Music Vine Limited
Registered number:		09234137
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		247,458			258,826

Current assets
Debtors	4	82,894			80,774
Cash at bank and in hand		816,246			1,643,417
		899,140			1,724,191

Creditors: amounts falling due within one year	5	(1,010,900)			(876,802)

Net current (liabilities)/assets			(111,760)			847,389

Total assets less current liabilities			135,698			1,106,215

Creditors: amounts falling due after more than one year	6		-			(10,106)

Provisions for liabilities			(11,747)			(11,747)


Net assets			123,951			1,084,362

Capital and reserves
Called up share capital			219			219
Share premium			3,484,601			3,484,601
Profit and loss account			(3,360,869)			(2,400,458)

Shareholders' funds			123,951			1,084,362

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.




Matthew Russell
Director
Approved by the board on 13 May 2026

Music Vine Limited
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	General information and basis of preparation
	Music Vine Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	over 3 years
	Fixtures, fittings, tools and equipment	over 4 years

	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 and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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. 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. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			29		22

3	Tangible fixed assets
		Property improvements		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 October 2024	144,858		201,789		346,647
	Additions	8,671		2,665		11,336
	At 30 September 2025	153,529		204,454		357,983

	Depreciation
	At 1 October 2024	7,243		80,578		87,821
	Charge for the year	7,676		15,028		22,704
	At 30 September 2025	14,919		95,606		110,525

	Net book value
	At 30 September 2025	138,610		108,848		247,458
	At 30 September 2024	137,615		121,211		258,826


4	Debtors			2025		2024
£					£

	Trade debtors			11,032		8,912
	Other debtors			71,862		71,862
				82,894		80,774


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

	Income in Advance			457,474		404,481
	Bank loans and overdrafts			10,666		10,648
	Trade creditors			1,904		3,467
	Artist Commission Accrual			386,685		379,195
	Taxation and social security costs			91,356		53,340
	Other creditors			62,815		25,671
				1,010,900		876,802


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		10,106


7	Other information

	Music Vine Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Tailors Corner
	1 Thirsk Row
	LEEDS
	LS1 4DP