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Registration number: 05612740

Live from Abbey Road Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Live from Abbey Road Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Live from Abbey Road Limited

Company Information

Director

M R Gleason

Company secretary

A De Mora

Registered office

Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Live from Abbey Road Limited

(Registration number: 05612740)
Balance Sheet
31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

75,360

90,000

Cash at bank and in hand

 

-

747

 

75,360

90,747

Creditors: Amounts falling due within one year

5

(5,112)

(4,850)

Total assets less current liabilities

 

70,248

85,897

Creditors: Amounts falling due after more than one year

5

(5,313)

(11,508)

Net assets

 

64,935

74,389

Capital and reserves

 

Called up share capital

5,200

5,200

Share premium reserve

395,000

395,000

Revaluation reserve

82,854

82,854

Retained earnings

(418,119)

(408,665)

Shareholders' funds

 

64,935

74,389

 

Live from Abbey Road Limited

(Registration number: 05612740)
Balance Sheet
31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2024
 

.........................................
M R Gleason
Director

 

Live from Abbey Road Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the director on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis to reflect the ongoing support of the director and shareholders.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is shown net ofvalue added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Live from Abbey Road Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

7

62,970

62,330

Other debtors

 

12,390

27,670

 

75,360

90,000

 

Live from Abbey Road Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

3,902

3,750

Accruals and deferred income

 

1,210

1,100

 

5,112

4,850

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

5,313

9,063

Other non-current financial liabilities

 

-

2,445

 

5,313

11,508

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

5,313

9,063

Current loans and borrowings

2023
£

2022
£

Bank borrowings

3,750

3,750

Bank overdrafts

152

-

3,902

3,750

 

Live from Abbey Road Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

7

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Loan to director

26,877

56,322

(71,525)

11,674