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REGISTERED NUMBER: 07238930 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

STUDIO LA FAMILIA LTD

STUDIO LA FAMILIA LTD (REGISTERED NUMBER: 07238930)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDIO LA FAMILIA LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Tickner-Du
J Arthur





REGISTERED OFFICE: 23 Rutherford House
Brady Street
London
E1 5PS





REGISTERED NUMBER: 07238930 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

STUDIO LA FAMILIA LTD (REGISTERED NUMBER: 07238930)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440 586

CURRENT ASSETS
Stocks 250 250
Debtors 5 22,800 -
Cash at bank 79,502 126,978
102,552 127,228
CREDITORS
Amounts falling due within one year 6 25,040 54,455
NET CURRENT ASSETS 77,512 72,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,952

73,359

PROVISIONS FOR LIABILITIES 297 297
NET ASSETS 77,655 73,062

CAPITAL AND RESERVES
Called up share capital 4,900 4,900
Retained earnings 72,755 68,162
SHAREHOLDERS' FUNDS 77,655 73,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

STUDIO LA FAMILIA LTD (REGISTERED NUMBER: 07238930)

Balance Sheet - continued
31 MARCH 2023


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 4 October 2023 and were signed on its behalf by:





M Tickner-Du - Director


STUDIO LA FAMILIA LTD (REGISTERED NUMBER: 07238930)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Studio La Familia Ltd 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.

Turnover represents net invoiced sales of services, excluding value added tax. Sales are recognised at point of sale. Fees are recognised on a receivables basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the lease period
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2022 - 2 ) .

STUDIO LA FAMILIA LTD (REGISTERED NUMBER: 07238930)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 29,886 3,196 8,507 41,589
DEPRECIATION
At 1 April 2022 29,886 3,103 8,014 41,003
Charge for year - 23 123 146
At 31 March 2023 29,886 3,126 8,137 41,149
NET BOOK VALUE
At 31 March 2023 - 70 370 440
At 31 March 2022 - 93 493 586

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 22,800 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 1,112 1,321
Social security and other taxes 3,669 19,216
Directors' current accounts 18,508 32,168
Accrued expenses 1,751 1,750
25,040 54,455