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 2018

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

Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

3

5,602

7,472

Investments

4

200,000

-

205,602

7,472

CURRENT ASSETS

Debtors

5

55,727

3,907

Cash at bank

1,649,934

1,193,121

1,705,661

1,197,028

CREDITORS

Amounts falling due within one year

6

192,424

342,681

NET CURRENT ASSETS

1,513,237

854,347

TOTAL ASSETS LESS CURRENT LIABILITIES

1,718,839

861,819

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,718,739

861,719

SHAREHOLDERS' FUNDS

1,718,839

861,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 November 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2017

and 31 March 2018

13,428

DEPRECIATION

At 1 April 2017

5,956

Charge for year

1,870

At 31 March 2018

7,826

NET BOOK VALUE

At 31 March 2018

5,602

At 31 March 2017

7,472

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

Additions

200,000

At 31 March 2018

200,000

NET BOOK VALUE

At 31 March 2018

200,000

Market value of listed investments at 31 March 2018 - £ 195,445 .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,031

1,440

VAT

43,696

2,467

55,727

3,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

116

118,752

Tax

188,308

219,929

Accrued expenses

4,000

4,000

192,424

342,681

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

1

100

100