Alvin Lee Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00973816 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Alvin Lee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Herold

Miss J M Lee-Barnes

SECRETARY:

E Herold

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

00973816 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Property, plant and equipment

4

478,395

488,018

Investments

5

39,695

202,369

518,090

690,387

CURRENT ASSETS

Debtors

6

20,368

15,096

Cash at bank

739,504

581,698

759,872

596,794

CREDITORS

Amounts falling due within one year

7

42,651

59,934

NET CURRENT ASSETS

717,221

536,860

TOTAL ASSETS LESS CURRENT LIABILITIES

1,235,311

1,227,247

CREDITORS

Amounts falling due after more than one year

8

(637,938

)

(637,938

)

PROVISIONS FOR LIABILITIES

(196

)

(196

)

NET ASSETS

597,177

589,113

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

596,177

588,113

SHAREHOLDERS' FUNDS

597,177

589,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 26 May 2020 and were signed on its behalf by:

Miss J M Lee-Barnes - Director

1.	STATUTORY INFORMATION

Alvin Lee Limited is a private company, limited by shares , 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

Revenue 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.

Studio Equipment

-

33% on reducing balance

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Land and

Studio

buildings

Equipment

Totals

£

£

£

COST

At 1 April 2019

491,297

54,756

546,053

Additions

-

1,866

1,866

At 31 March 2020

491,297

56,622

547,919

DEPRECIATION

At 1 April 2019

4,827

53,208

58,035

Charge for year

9,729

1,760

11,489

At 31 March 2020

14,556

54,968

69,524

NET BOOK VALUE

At 31 March 2020

476,741

1,654

478,395

At 31 March 2019

486,470

1,548

488,018

Ricketts Cottage was acquired in June 2018 at a cost of £463,247 plus legal and stamp duty costs

of £28,050, ie a total cost of £491,297. Depreciation of 2% on cost has been provided at £9,729,

so as to leave the written down value more representative of the current market value.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

202,369

Additions

24,997

Disposals

(37

)

Share of profit/(loss)

(187,634

)

At 31 March 2020

39,695

NET BOOK VALUE

At 31 March 2020

39,695

At 31 March 2019

202,369

The company holds 400 "A" ordinary shares in Chrys-A-Lee Music Ltd at a cost of £400, and 98

ordinary shares at a cost of £98 in Space Songs (Alvin Lee Ltd. Both of the share holdings gives

Alvin Lee Ltd a controlling interest in these two companies.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

19,744

14,881

Other debtors

624

215

20,368

15,096

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

10,286

25,877

Taxation and social security

8,165

9,857

Other creditors

24,200

24,200

42,651

59,934

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Creditors due after more than one year refers to Directors' loan accounts,

Evi Herold's loan account balance at the year end amounted to £493,969 (£393,969 in 2019)

Jasmin Lee-Barnes's loan account balance amounted to £143,969 (£243,969 in 2019)