REGISTERED NUMBER: SC836173 (Scotland)

Lamp House Music Ltd

Unaudited Financial Statements

for the Period 3 February 2025 to 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Stefko

N Szervanszky-Cavaye

REGISTERED OFFICE:

The Lamp House

5 Bridge Street

Haddington

EH41 4AU

REGISTERED NUMBER:

SC836173 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

The Lighthouse

Heugh Road

North Berwick

EH39 5PX

FIXED ASSETS

Intangible assets

4

72,000

Tangible assets

5

252,101

324,101

CURRENT ASSETS

Debtors

6

15,561

Cash at bank

11,948

27,509

CREDITORS

Amounts falling due within one year

7

133,039

NET CURRENT LIABILITIES

(105,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

218,571

CREDITORS

Amounts falling due after more than one year

8

(184,590

)

PROVISIONS FOR LIABILITIES

10

(5,555

)

NET ASSETS

28,426

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

28,226

SHAREHOLDERS' FUNDS

28,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 2026 and were signed on its behalf by:

N Szervanszky-Cavaye - Director

1.	STATUTORY INFORMATION

Lamp House Music Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statement 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 company has opted for early adoption of the amendments to FRS 102 issued in March 2024.

Turnover and revenue recognition

Turnover represents concert ticket sales, musical instrument hire and music lesson sales provided. Revenue from music services is recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of five years.

Intangible assets

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the period 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 period 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.

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.

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors have no concerns that the company will continue to trade for at least 12 months from the signing of these financial statements.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Leases

The company has early adopted the Periodic Review 2024 amendments to FRS 102. Under the revised lease accounting requirements, the company recognises a right-of-use asset and a corresponding lease liability at the commencement date of most lease arrangements.

The lease liability is initially measured at the present value of future lease payments discounted using the interest rate implicit in the lease, where readily determinable, or otherwise the company's incremental borrowing rate.

The right-of-use asset is initially measured at the amount of the lease liability, adjusted for any lease payments made at or before the commencement date, lease incentives received, initial direct costs and estimated costs of dismantling or restoring the underlying asset, where applicable.

Subsequently, the right-of-use asset is depreciated on a straight-line basis over the shorter of the lease term and the useful economic life of the underlying asset. The lease liability is increased by finance charges and reduced by lease payments made.

The company has elected to apply the recognition exemptions available for short-term leases and leases of low-value assets. Payments relating to such leases are recognised in profit or loss on a straight-line basis over the lease term.

Finance charges are recognised in profit or loss over the lease term so as to produce a constant periodic rate of interest on the remaining balance of the lease liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

90,000

At 31 March 2026

90,000

AMORTISATION

Charge for period

18,000

At 31 March 2026

18,000

NET BOOK VALUE

At 31 March 2026

72,000

5.	TANGIBLE FIXED ASSETS

Right of

Improvements

Fixtures

use

to

and

Computer

assets

property

fittings

equipment

Totals

£

£

£

£

£

COST

Additions

206,054

54,815

1,639

408

262,916

At 31 March 2026

206,054

54,815

1,639

408

262,916

DEPRECIATION

Charge for period

10,303

-

410

102

10,815

At 31 March 2026

10,303

-

410

102

10,815

NET BOOK VALUE

At 31 March 2026

195,751

54,815

1,229

306

252,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

15,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Leases (see note 9)

14,593

Taxation and social security

17,398

Other creditors

101,048

133,039

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Leases (see note 9)

184,590

Amounts falling due in more than five years:

Repayable by instalments

Finance leases

113,059

9.

LEASING

Lease liabilities

Minimum lease payments fall due as follows:

£

Gross obligations repayable:

Within one year

14,593

Between one and five years

71,531

In more than five years

113,059

199,183

Finance charges repayable:

Net obligations repayable:

Within one year

14,593

Between one and five years

71,531

In more than five years

113,059

199,183

10.	PROVISIONS FOR LIABILITIES

£

Deferred tax

5,555

Deferred

tax

£

Provided during period

5,555

Balance at 31 March 2026

5,555

11.	RELATED PARTY DISCLOSURES

During the year, the company entered into a lease agreement for its trading premises with Lamp House Properties Limited, a company under common control by virtue of common directors and shareholders.

Lease payments of £15,000 were made during the year. At the balance sheet date, the company recognised a right-of-use asset of £195,751 and a lease liability of £199,183 in respect of the lease.

The lease has a term of 10 years and provides for annual rentals of £30,000.

12.

SECURITY

A floating charge was created on 08 September 2025 in favour of HSBC Bank PLC over all assets of the company.