Accounts filed on 30-04-2020

Accounts filed on 30-04-2020

REALISTIC MUSIC LIMITED - Company Information

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Registered number: 3347042
Realistic Music Limited
ACCOUNTS
FOR THE YEAR ENDED 30/04/2020
Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
310/311 Vanilla Factory
39 Fleet Street
Liverpool
Merseyside
L1 4AR
Realistic Music Limited
ACCOUNTS
FOR THE YEAR ENDED 30/04/2020
DIRECTORS
Christopher Griffiths
Anthony Griffiths
SECRETARY
Christopher Griffiths
REGISTERED OFFICE
c/o Harvey Guinan
310/311 Vanilla Factory, 39 Fleet Street
Liverpool
Merseyside
L1 4AR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3347042
BANKERS
Barclays Bank plc
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
310/311 Vanilla Factory
39 Fleet Street
Liverpool
Merseyside
L1 4AR
Realistic Music Limited
ACCOUNTS
FOR THEYEARENDED30/04/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Realistic Music Limited
BALANCE SHEET AT 30/04/2020
20202019
Notes££
FIXED ASSETS
Tangible assets2248,907252,599
CURRENT ASSETS
Cash at bank and in hand12,3691,134
12,3691,134
CREDITORS: Amounts falling due within one year383,68678,743
NET CURRENT LIABILITIES(71,317)(77,609)
TOTAL ASSETS LESS CURRENT LIABILITIES177,590174,990
CREDITORS: Amounts falling due after more than one year453,35760,770
NET ASSETS124,233114,220
CAPITAL AND RESERVES
Called up share capital6100100
Revaluation reserve1c,7168,979168,979
Profit and loss account(44,846)(54,859)
SHAREHOLDERS' FUNDS124,233114,220
For the year ending 30/04/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/01/2021 and signed on their behalf by
.............................
Christopher Griffiths
Director
Realistic Music Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2 to 15%
Equipmentreducing balance 25%
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1d. Policy For Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable.
Realistic Music Limited
2. TANGIBLE FIXED ASSETS
Land And
BuildingsEquipmentTotal
£££
Cost
At 01/05/2019365,57156,398421,969
At 30/04/2020365,57156,398421,969
Depreciation
At 01/05/2019113,28056,090169,370
For the year3,621713,692
At 30/04/2020116,90156,161173,062
Net Book Amounts
At 30/04/2020248,670237248,907
At 30/04/2019252,291308252,599
During the year ended 30 April 2017 the Land and Buildings were revalued and increased by £168,979 representing the directors' valuation.
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax3,172652
Directors current account55,51355,580
Bank Loan10,65112,811
Accruals14,3509,700
83,68678,743
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Bank loans (secured) >1yr53,35760,770
53,35760,770
The bank loan is secured by a legal charge dated 31.05.2001 over the company's freehold land and property.
Realistic Music Limited
5. EMPLOYEES
20202019
No.No.
Average number of employees--
The company had 2 employees being the directors.
6. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. REVALUATION RESERVE 20202019
££
Revaluation reserve168,979168,979
168,979168,979
8. COMPANY INFORMATION
Realistic Music Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is c/o Harvey Guinan 310/311 Vanilla Factory, 39 Fleet Street, L:iverpool L1 4AR . Company Number 3347042.