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REGISTERED NUMBER: 02473624 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Lisa Live Limited

Lisa Live Limited (Registered number: 02473624)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lisa Live Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L Stansfield
I Devaney
R George





SECRETARY: I Devaney





REGISTERED OFFICE: 55 Kentish Town Road
Camden Town
London
NW1 8NX





REGISTERED NUMBER: 02473624 (England and Wales)





ACCOUNTANTS: Mansfield & Co
55 Kentish Town Road
Camden Town
London
NW1 8NX

Lisa Live Limited (Registered number: 02473624)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,381 1,841

CURRENT ASSETS
Debtors 5 1,211,416 1,125,002
Cash at bank 19,471 27,890
1,230,887 1,152,892
CREDITORS
Amounts falling due within one year 6 769,670 734,686
NET CURRENT ASSETS 461,217 418,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,598

420,047

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 462,595 420,044
SHAREHOLDERS' FUNDS 462,598 420,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 1 November 2024 and were signed on its behalf by:





L Stansfield - Director


Lisa Live Limited (Registered number: 02473624)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lisa Live 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Lisa Live Limited (Registered number: 02473624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 48,703
DEPRECIATION
At 1 April 2023 46,862
Charge for year 460
At 31 March 2024 47,322
NET BOOK VALUE
At 31 March 2024 1,381
At 31 March 2023 1,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,200 5,000
Other debtors 1,190,216 1,120,002
1,211,416 1,125,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 39,821 -
Taxation and social security 14,354 4,275
Other creditors 715,495 730,411
769,670 734,686

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Lisa Stansfield and Ian Devaney have lent money to the company on an interest free basis. The amount outstanding on this loans at the year end was £153,353 (2023 - £179,537).

Lisa Live Limited (Registered number: 02473624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

Included in other debtors in note 5 is an amount of £271,698 (2023 £312,614) due from Eurotrim Products Limited, a company under the control of Lisa Stansfield. The amount is interest free and repayable on demand, and relates to expenses incurred by Eurotrim Products Limited which were financed by Lisa Live Limited.

Included in other debtors in note 5 is an amount of £826,685 (2023 £717,685) due from Rochdale Studio, a partnership under the control of directors Lisa Stansfield and Ian Devaney. The amount is interest free and repayable on demand, and relates to expenses incurred by Rochdale Studio which were financed by Lisa Live Limited.

Included in other creditors in note 6 is an amount of £544,676 (2023 £528,426) due to Bookman Trading Limited, a company under the control of director Ian Devaney. The amount is interest free and repayable on demand, and relates to expenses incurred by Lisa Live Limited which were financed by Bookman Trading Limited.