Emjay Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01068718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

EMJAY MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Joseph

M Joseph

Mrs S A Joseph

SECRETARY:

Mrs S A Joseph

REGISTERED OFFICE:

Warren Place

Birch Vale

Cobham

Surrey

KT11 2PX

REGISTERED NUMBER:

01068718 (England and Wales)

ACCOUNTANTS:

Farndon Accountancy

Warren Place

Birch Vale

Cobham

Surrey

KT11 2PX

FIXED ASSETS

Tangible assets

4

548

609

Investment property

5

300,000

300,000

300,548

300,609

CURRENT ASSETS

Debtors

6

1,262

-

Cash at bank

47,182

41,214

48,444

41,214

CREDITORS

Amounts falling due within one year

7

2,447

3,727

NET CURRENT ASSETS

45,997

37,487

TOTAL ASSETS LESS CURRENT LIABILITIES

346,545

338,096

PROVISIONS FOR LIABILITIES

22,500

22,500

NET ASSETS

324,045

315,596

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

319,045

310,596

SHAREHOLDERS' FUNDS

324,045

315,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 9 November 2021 and were signed on its behalf by:

K A Joseph - Director

1.	STATUTORY INFORMATION

Emjay Music 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2020

and 31 March 2021

11,853

DEPRECIATION

At 1 April 2020

11,244

Charge for year

61

At 31 March 2021

11,305

NET BOOK VALUE

At 31 March 2021

548

At 31 March 2020

609

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

300,000

NET BOOK VALUE

At 31 March 2021

300,000

At 31 March 2020

300,000

Fair value at 31 March 2021 is represented by:

£

Valuation in 2019

350,000

Valuation in 2021

(50,000

)

300,000

If the investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

55,558

55,558

The investment property was valued on an open market value basis on 31 March 2021 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

1,262

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

1,995

3,275

Other creditors

452

452

2,447

3,727