IVY TOURING LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08936060 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

IVY TOURING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms J Glynne

REGISTERED OFFICE:

Suite A, 10th Floor Maple House

High Street

Potter Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

08936060 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

4

3,152

4,202

Investments

5

210,918

205,055

214,070

209,257

CURRENT ASSETS

Debtors

6

5,845

121,689

Cash at bank

3,031,054

2,240,328

3,036,899

2,362,017

CREDITORS

Amounts falling due within one year

7

190,648

531,380

NET CURRENT ASSETS

2,846,251

1,830,637

TOTAL ASSETS LESS CURRENT LIABILITIES

3,060,321

2,039,894

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

3,060,221

2,039,794

SHAREHOLDERS' FUNDS

3,060,321

2,039,894

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 director acknowledges her 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 director and authorised for issue on 22 January 2021 and were signed by:

Ms J Glynne - Director

1.	STATUTORY INFORMATION

IVY TOURING 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

Turnover represents net fees received.

Tangible fixed assets

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

Equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2019

and 31 March 2020

13,428

DEPRECIATION

At 1 April 2019

9,226

Charge for year

1,050

At 31 March 2020

10,276

NET BOOK VALUE

At 31 March 2020

3,152

At 31 March 2019

4,202

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 April 2019

205,055

Additions

5,863

At 31 March 2020

210,918

NET BOOK VALUE

At 31 March 2020

210,918

At 31 March 2019

205,055

Market value of listed investments at 31 March 2020 - £ 200,303 (2019 - £ 208,198 ).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

29,425

VAT

5,845

32,317

Prepayments

-

59,947

5,845

121,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

31,135

412,762

Tax

150,000

113,618

Accrued expenses

9,513

5,000

190,648

531,380

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

1

100

100