Accounts filed on 30-04-2021

Accounts filed on 30-04-2021

REALISTIC MUSIC LIMITED - Company Information

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Registered number: 3347042
Realistic Music Limited
ACCOUNTS
FOR THE YEAR ENDED 30/04/2021
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 30/04/2021
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 THEYEARENDED30/04/2021
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 30/04/2021
20212020
Notes££
FIXED ASSETS
Tangible assets2245,366248,907
CURRENT ASSETS
Cash at bank and in hand38,94512,369
38,94512,369
CREDITORS: Amounts falling due within one year385,57083,686
NET CURRENT LIABILITIES(46,625)(71,317)
TOTAL ASSETS LESS CURRENT LIABILITIES198,741177,590
CREDITORS: Amounts falling due after more than one year457,34553,357
NET ASSETS141,396124,233
CAPITAL AND RESERVES
Called up share capital6100100
Revaluation reserve1c,7168,979168,979
Profit and loss account(27,683)(44,846)
SHAREHOLDERS' FUNDS141,396124,233
For the year ending 30/04/2021 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 02/04/2022 and signed on their behalf by
.............................
Christopher Griffiths
Director
Realistic Music Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2021
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 01/05/2020365,57156,398421,969
At 30/04/2021365,57156,398421,969
Depreciation
At 01/05/2020116,90156,161173,062
For the year3,490513,541
At 30/04/2021120,39156,212176,603
Net Book Amounts
At 30/04/2021245,180186245,366
At 30/04/2020248,670237248,907
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
20212020
££
UK corporation tax4,8223,172
Directors current account51,58255,513
Bank Loan13,61610,651
Accruals15,55014,350
85,57083,686
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Bank loans (secured) >1yr50,84553,357
Bounce Back Loan >1yr6,500-
57,34553,357
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
20212020
No.No.
Average number of employees22
The company had 2 employees being the directors.
6. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. REVALUATION RESERVE 20212020
££
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.