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REGISTERED NUMBER: 04156162 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

ED BASSETT MUSIC LIMITED

ED BASSETT MUSIC LIMITED (REGISTERED NUMBER: 04156162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ED BASSETT MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: E F Bassett





SECRETARY: Mrs L Evans





REGISTERED OFFICE: 20 Harcourt Street
London
London
W1H 4HG





REGISTERED NUMBER: 04156162 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
London
W1H 4HG

ED BASSETT MUSIC LIMITED (REGISTERED NUMBER: 04156162)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 124,266 121,041

CURRENT ASSETS
Debtors 5 4,685 6,611
Cash at bank 29,094 30,062
33,779 36,673
CREDITORS
Amounts falling due within one year 6 (37,262 ) (44,521 )
NET CURRENT LIABILITIES (3,483 ) (7,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,783 113,193

CREDITORS
Amounts falling due after more than one year 7 (51,187 ) (56,619 )

PROVISIONS FOR LIABILITIES (2,000 ) (2,000 )
NET ASSETS 67,596 54,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,496 54,474
SHAREHOLDERS' FUNDS 67,596 54,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 13 November 2018 and were signed by:



E F Bassett - Director


ED BASSETT MUSIC LIMITED (REGISTERED NUMBER: 04156162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Ed Bassett 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 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 charges for services and hire of goods and is recognised when the service or hire is performed.

Tangible fixed assets
Depreciation is provided on a reducing balance basis at 25 % per annum in order to write off the cost of each asset over its estimated life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit
or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

ED BASSETT MUSIC LIMITED (REGISTERED NUMBER: 04156162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2017 109,793 82,035 191,828
Additions - 8,050 8,050
At 28 February 2018 109,793 90,085 199,878
DEPRECIATION
At 1 March 2017 - 70,787 70,787
Charge for year - 4,825 4,825
At 28 February 2018 - 75,612 75,612
NET BOOK VALUE
At 28 February 2018 109,793 14,473 124,266
At 28 February 2017 109,793 11,248 121,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 3,150 6,240
Other debtors 1,535 371
4,685 6,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 5,894 5,706
Trade creditors 2,460 996
Taxation and social security 19,557 23,127
Other creditors 9,351 14,692
37,262 44,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 51,187 56,619

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,600 31,850

ED BASSETT MUSIC LIMITED (REGISTERED NUMBER: 04156162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2017 - £10,000) were paid to the director .

Mr EF Bassett, a director and major shareholder, has made loans to this company which at 28th February 2018 amounted to £6,698 ( 28th
February 2017::£12,308).

9. ULTIMATE CONTROLLING PARTY

Mr E F Bassett, the sole director of the company, is also the ultimate controlling party, having a beneficial interest in the whole of the issued
share capital.