Hurstwood Farm Piano Studios Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04462166

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		17,230		72,828
Tangible Assets	5		149,277		150,732

			166,507		223,560
CURRENT ASSETS
Stocks	6	300,133		361,800
Debtors	7	96,159		87,848
Cash at bank and in hand		429		3,137

		396,721		452,785
Creditors: Amounts Falling Due Within One Year	8	(764,512 )		(717,515 )

NET CURRENT ASSETS (LIABILITIES)			(367,791 )		(264,730 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(201,284 )		(41,170 )

Creditors: Amounts Falling Due After More Than One Year	9		(4,128 )		(14,257 )

NET LIABILITIES			(205,412 )		(55,427 )

CAPITAL AND RESERVES
Called up share capital	10		399,752		399,752
Share premium account			490,328		490,328
Profit and Loss Account			(1,095,492 )		(945,507 )

SHAREHOLDERS' FUNDS			(205,412)		(55,427)

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Hurstwood Farm Piano Studios Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Dain

Director

19/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hurstwood Farm Piano Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04462166 . The registered office is 2a Bank Street, Tonbridge, TN9 1BL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents over 15 years

Development Costs over 15 years

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Not provided
Fixtures & Fittings	10% Reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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Hurstwood Farm Piano Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 April 2024	63,946	833,972	897,918

As at 31 March 2025	63,946	833,972	897,918

Amortisation
As at 1 April 2024	63,946	761,144	825,090
Provided during the period	-	55,598	55,598

As at 31 March 2025	63,946	816,742	880,688

Net Book Value
As at 31 March 2025	-	17,230	17,230

As at 1 April 2024	-	72,828	72,828

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	138,935	45,265	3,173	187,373

As at 31 March 2025	138,935	45,265	3,173	187,373

Depreciation
As at 1 April 2024	-	35,301	1,340	36,641
Provided during the period	-	997	458	1,455

As at 31 March 2025	-	36,298	1,798	38,096

Net Book Value
As at 31 March 2025	138,935	8,967	1,375	149,277

As at 1 April 2024	138,935	9,964	1,833	150,732

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Hurstwood Farm Piano Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Work in progress	300,133	361,800

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	79,868	70,189
Deferred tax current asset	12,543	12,543
VAT	3,748	5,116

	96,159	87,848

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,723	6,592
Bank loans and overdrafts	10,648	10,648
Other taxes and social security	-	1,822
Accruals and deferred income	1,500	1,800
Director's loan account	747,641	696,653

	764,512	717,515

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	4,128	14,257

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	399,752	399,752

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