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Virtual Music Academy Ltd

12795468

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

C/O MJB AVANTI, OFFICE 12 EPSILON HOUSE, IPSWICH, IP3 9FJ
Incorporated 05/08/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85520
Cultural education

Officers

Mr Cameron Owen Richardson-Eames

director · Since 05/08/2020

MUSICIAN

BRITISH · ENGLAND · Age 33

Mr Joseph Connor Deery

director · Since 05/08/2020

MUSICIAN

BRITISH · ENGLAND · Age 28

Persons with Significant Control

Mr Joseph Connor Deery

25–50% shares
25–50% votes

British · England · Age 28

C/O Mjb Avanti, Office 12, Epsilon House, Ipswich, IP3 9FJ

Notified 05/08/2020

Mr Cameron Owen Richardson-Eames

25–50% shares
25–50% votes
Appoint directors

British · England · Age 33

C/O Mjb Avanti, Office 12, Epsilon House, Ipswich, IP3 9FJ

Notified 05/08/2020

CompanyRankvs 451+ SIC 85520 peers
65

Financial strength89th percentile among SIC peers · 22/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 4.32× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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451Virtual Music Academy Ltd
75
How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

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. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

£33k

Balance sheet strength

Cash

£44k

Cash in the bank

Net Current Assets

£33k

Working capital

Current Assets

£44k

Current Liabilities

£10k

2avg. employees

Tax at Year End

Corp tax£7k

Director Loans

Company owes directors£2k

Balance Sheet

Assets less current liabilities£33k
Signed by Mr Joseph Deery 29 July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.32+£22k
20231.77—

Derived from filed accounts. Not audited figures.