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REGISTERED NUMBER: 10026135 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

STUDIO 434 (HOLDINGS) LIMITED

STUDIO 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)






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 434 (HOLDINGS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: J C Ancell
R I Dudding





REGISTERED OFFICE: Lonsto House
276 Chase Road
London
N14 6HA





REGISTERED NUMBER: 10026135 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

STUDIO 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,369,899 8,377,814

CURRENT ASSETS
Debtors 5 1,500,000 1,171,733
Cash at bank 8,427 18,120
1,508,427 1,189,853
CREDITORS
Amounts falling due within one year 6 8,563,558 8,191,509
NET CURRENT LIABILITIES (7,055,131 ) (7,001,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,314,768

1,376,158

CREDITORS
Amounts falling due after more than one
year

7

1,086,652

1,169,628
NET ASSETS 228,116 206,530

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 228,016 206,430
SHAREHOLDERS' FUNDS 228,116 206,530

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 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)

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 14 November 2023 and were signed on its behalf by:





R I Dudding - Director


STUDIO 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Studio 434 (Holdings) 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.

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 - 10% 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.

Going concern
The directors constantly review the cash flow projections for the company and have considered the financial resources of the company, having regard to the renewal date of loan facilities and additional resources available to related undertakings to support the related party indebtedness.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

STUDIO 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,510,000 2,887,718 8,397,718
DEPRECIATION
At 1 April 2022 - 19,904 19,904
Charge for year - 7,915 7,915
At 31 March 2023 - 27,819 27,819
NET BOOK VALUE
At 31 March 2023 5,510,000 2,859,899 8,369,899
At 31 March 2022 5,510,000 2,867,814 8,377,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,057 36,530
Amounts owed by group undertakings 1,272,263 1,130,061
Other debtors 199,680 5,142
1,500,000 1,171,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 140,521 109,179
Trade creditors 39,936 8,576
Amounts owed to group undertakings 8,326,026 8,054,689
Taxation and social security 32,647 8,063
Other creditors 24,428 11,002
8,563,558 8,191,509

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 1,086,652 1,169,628

Bank loans are secured by a fixed charge over the company's land and buildings and personal guarantees provided by Mr R I Dudding, a director of the company.

STUDIO 434 (HOLDINGS) LIMITED (REGISTERED NUMBER: 10026135)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Trustees of The Dudding 1997 Settlement Trust by virtue of its controlling shareholding in the company.