Hindhead Music Centre Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03166746 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Hindhead Music Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A Hughes-Chamberlain

J R A Hughes-Chamberlain

SECRETARY:

J R A Hughes-Chamberlain

REGISTERED OFFICE:

39 Station Road

Liphook

Hampshire

GU30 7DW

REGISTERED NUMBER:

03166746 (England and Wales)

ACCOUNTANTS:

Tropman & Co Limited

39 Station Road

Liphook

Hampshire

GU30 7DW

FIXED ASSETS

Tangible assets

4

70,176

70,494

CURRENT ASSETS

Debtors

5

7,686

84,726

Cash at bank and in hand

12,384

8,796

20,070

93,522

CREDITORS

Amounts falling due within one year

6

28,131

106,484

NET CURRENT LIABILITIES

(8,061

)

(12,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,115

57,532

RESERVES

Income and expenditure account

62,115

57,532

62,115

57,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 surplus or deficit 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 1 November 2022 and were signed on its behalf by:

Mrs A Hughes-Chamberlain - Director

1.	STATUTORY INFORMATION

Hindhead Music Centre Limited is a private company, limited by guarantee , registered in England and Wales. 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 statements 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 financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Musical instruments

-

25% on reducing balance

Government grants

Grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Musical

property

& equipment

instruments

Totals

£

£

£

£

COST

At 1 April 2021

60,888

72,129

37,747

170,764

Additions

-

2,778

-

2,778

At 31 March 2022

60,888

74,907

37,747

173,542

DEPRECIATION

At 1 April 2021

-

63,899

36,371

100,270

Charge for year

-

2,752

344

3,096

At 31 March 2022

-

66,651

36,715

103,366

NET BOOK VALUE

At 31 March 2022

60,888

8,256

1,032

70,176

At 31 March 2021

60,888

8,230

1,376

70,494

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

7,432

84,472

Other debtors

6

6

Prepayments

248

248

7,686

84,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

2,427

734

Social security and other taxes

-

759

Other creditors

5,000

5,000

Credit card

18

24

Directors' current accounts

10,554

12,795

Accruals & deferred income

10,132

87,172

28,131

106,484

7.	RELATED PARTY DISCLOSURES

The company paid a rental charge of £15,500 to Mrs A.M.M. Hughes-Chamberlain who is a director of the company.

8.	SHARE CAPITAL

The company is limited by guarantee and does not have an issued share capital. The liability of each member is limited to £10.