STUDIO MOO LTD

Company Registration Number:
SC528245 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

STUDIO MOO LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

STUDIO MOO LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 580,000 454,000
Total fixed assets: 580,000 454,000
Current assets
Debtors:   3,652 8,850
Cash at bank and in hand: 25,090 71,466
Total current assets: 28,742 80,316
Creditors: amounts falling due within one year:   (235,144) (239,929)
Net current assets (liabilities): (206,402) (159,613)
Total assets less current liabilities: 373,598 294,387
Creditors: amounts falling due after more than one year:   (280,444) (228,009)
Provision for liabilities: (31,781) (20,381)
Total net assets (liabilities): 61,373 45,997
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 61,273 45,897
Shareholders funds: 61,373 45,997

The notes form part of these financial statements

STUDIO MOO LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2023
and signed on behalf of the board by:

Name: J McLaughlin
Status: Director

The notes form part of these financial statements

STUDIO MOO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services supplied.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

Other accounting policies

Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differenceInvestment propertiesInvestment property which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss account.Going concern After reviewing the forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

STUDIO MOO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

STUDIO MOO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed investments

Investment property comprises of residential and commercial buildings available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 31st March 2023 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £580,000.If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £456,734.