IvyRecrods Ltd Filleted Accounts Cover
IvyRecrods Ltd
Company No. 14030735
Information for Filing with The Registrar
31 March 2024
IvyRecrods Ltd Directors Report Registrar
The Directors present their report and the accounts for the period ended 31 March 2024.
Principal activities
The principal activity of the company during the period under review was sound recording and music publishing.
Directors
The Directors who served at any time during the period were as follows:
R.D. Rothenberg
Dover Street Logistics Limited
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.D. Rothenberg
Director
11 March 2025
IvyRecrods Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
14030735
Notes
2024
2023
£
£
Fixed assets
Tangible assets
5
87,025-
87,025-
Current assets
Debtors
6
11
11
Net current assets
11
Total assets less current liabilities
87,0261
Creditors: Amounts falling due after more than one year
7
(340,419)
-
Provisions for liabilities
Deferred taxation
(21,756)
-
Net (liabilities)/assets
(275,149)
1
Capital and reserves
Called up share capital
11
Profit and loss account
9
(275,150)
-
Total equity
(275,149)
1
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 March 2025 and signed on its behalf by:
R.D. Rothenberg
Director
11 March 2025
IvyRecrods Ltd Notes to the Accounts Registrar
for the period ended 31 March 2024
1
General information
IvyRecrods Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14030735
Its registered office is:
1 The Courtyard
Chalvington
East Sussex
BN27 3YD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
IvyRecrods is part of a group with Dover Street Logistics (12510578), who provided a loan to the company of £415,418
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
10% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Change in length of the reporting period
The length of the reporting period has changed from 12 months to 11 months due to making the year end coterminous with the parent company.
4
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the period:
00
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
95,13795,137
At 31 March 2024
95,13795,137
Depreciation
Charge for the year
8,1128,112
At 31 March 2024
8,1128,112
Net book values
At 31 March 2024
87,02587,025
6
Debtors
2024
2023
£
£
Other debtors
11
11
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other creditors
340,419-
340,419-
8
Share Capital
Ordinary £1 shares unpaid
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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