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REGISTERED NUMBER: 00511994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

A.I.R.-EDEL RECORDING STUDIOS LIMITED

A.I.R.-EDEL RECORDING STUDIOS LIMITED (REGISTERED NUMBER: 00511994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.I.R.-EDEL RECORDING STUDIOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R C B Cope
M J Rodford





REGISTERED OFFICE: 18 Rodmarton Street
London
W1U 8BJ





REGISTERED NUMBER: 00511994 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

A.I.R.-EDEL RECORDING STUDIOS LIMITED (REGISTERED NUMBER: 00511994)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 36,416 45,168

CURRENT ASSETS
Debtors 6 94,370 75,275
Cash at bank 370,978 220,206
465,348 295,481
CREDITORS
Amounts falling due within one year 7 248,335 74,106
NET CURRENT ASSETS 217,013 221,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,429

266,543

PROVISIONS FOR LIABILITIES 10,087 10,087
NET ASSETS 243,342 256,456

CAPITAL AND RESERVES
Called up share capital 9 5,001 5,001
Share premium 249,999 249,999
Retained earnings (11,658 ) 1,456
SHAREHOLDERS' FUNDS 243,342 256,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 28 November 2024 and were signed on its behalf by:





M J Rodford - Director


A.I.R.-EDEL RECORDING STUDIOS LIMITED (REGISTERED NUMBER: 00511994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

A.I.R.-Edel Recording Studios 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the goods supplied and services rendered, stated net of discounts and Value Added Tax.

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 - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

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

A.I.R.-EDEL RECORDING STUDIOS LIMITED (REGISTERED NUMBER: 00511994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Computer
machinery equipment equipment Totals
£    £    £    £   
Cost
At 1 July 2023 517,065 203,684 3,799 724,548
Additions 290 - - 290
At 30 June 2024 517,355 203,684 3,799 724,838
Depreciation
At 1 July 2023 500,258 176,233 2,889 679,380
Charge for year 3,372 5,488 182 9,042
At 30 June 2024 503,630 181,721 3,071 688,422
Net book value
At 30 June 2024 13,725 21,963 728 36,416
At 30 June 2023 16,807 27,451 910 45,168

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,712 41,774
Prepayments and accrued income 35,658 33,501
94,370 75,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,924 48,319
Amounts owed to group undertakings 187,657 4,265
Corporation tax - 9,249
VAT 9,754 9,273
Accruals and deferred income 3,000 3,000
248,335 74,106

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 100,000 108,000
Between one and five years 640,000 -
740,000 108,000

A.I.R.-EDEL RECORDING STUDIOS LIMITED (REGISTERED NUMBER: 00511994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,501 Ordinary A £1 2,501 2,501
2,500 Ordinary B £1 2,500 2,500
5,001 5,001

All share classes rank pari passu in all respects.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclosure related party transactions with fellow group companies.