ACCOUNTS - Final Accounts preparation

Registered number: 12777701

HGLA MUSIC PARTNERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

HGLA MUSIC PARTNERS LIMITED

REGISTERED NUMBER: 12777701

BALANCE SHEET

AS AT 31 JULY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	12,362		-
Cash at bank and in hand	5	685		100
		13,047		100
Creditors: amounts falling due within one year	6	(82,352)		-
Net current liabilities			(69,305)		100
Total assets less current liabilities			(69,305)		100

Net liabilities			(69,305)		100

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(69,405)	-
		(69,305)	100

HGLA MUSIC PARTNERS LIMITED

REGISTERED NUMBER: 12777701

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C L Hawkes

Director

Date: 31 July 2026

The notes on pages 4 to 5 form part of these financial statements.

HGLA MUSIC PARTNERS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 August 2023	100	-	100

At 1 August 2024	100	-	100

Loss for the year	-	(69,405)	(69,405)
Total comprehensive income for the year	-	(69,405)	(69,405)
At 31 July 2025	100	(69,405)	(69,305)

HGLA MUSIC PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

HGLA Music Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 12777701. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is that of sound recording activities.

The company commenced trading on 1 August 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

2.3

Functional and presentation currency

The company's functional and presentation currency is pound sterling.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other creditors and loans with related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

HGLA MUSIC PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Other debtors	12,187	-
Prepayments	175	-
	12,362	-

5.	Cash
		2025	2024
		£	£

	Cash at bank and in hand	685	100

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Other creditors	77,846	-
Accruals	4,506	-
	82,352	-

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) ordinary shares of £1.00 each	100	100

8.	Transactions with directors

As at the year end, the company owed £17,240 to the directors (2024 - £NIL). These loans are interest free, unsecured and repayable on demand.