Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falsetrue2No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13255977 2022-04-01 2023-03-31 13255977 2021-03-10 2022-03-31 13255977 2023-03-31 13255977 2022-03-31 13255977 c:Director1 2022-04-01 2023-03-31 13255977 d:CurrentFinancialInstruments 2023-03-31 13255977 d:CurrentFinancialInstruments 2022-03-31 13255977 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13255977 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13255977 d:ShareCapital 2023-03-31 13255977 d:ShareCapital 2022-03-31 13255977 d:RetainedEarningsAccumulatedLosses 2023-03-31 13255977 d:RetainedEarningsAccumulatedLosses 2022-03-31 13255977 c:FRS102 2022-04-01 2023-03-31 13255977 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13255977 c:FullAccounts 2022-04-01 2023-03-31 13255977 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13255977 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13255977









DEPT STUDIOS UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DEPT STUDIOS UK LTD
REGISTERED NUMBER: 13255977

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
6,551
1,334

Cash at bank and in hand
  
18,862
17,653

  
25,413
18,987

Creditors: amounts falling due within one year
  
(599,524)
(216,422)

Net current liabilities
  
 
 
(574,111)
 
 
(197,435)

Total assets less current liabilities
  
(574,111)
(197,435)

  

Net liabilities
  
(574,111)
(197,435)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(574,112)
(197,436)

  
(574,111)
(197,435)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2023.




Jessica Middleton
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
DEPT STUDIOS UK LTD
REGISTERED NUMBER: 13255977
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


Page 2

 
DEPT STUDIOS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dept Studios UK Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is showing net liabilities at the balance sheet date of £574,111. In order to continue trading it is dependent on a loan from its parent company, which has confirmed its intention to continue to support the company for the foreseeable future.
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
DEPT STUDIOS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
-
364

Other debtors
6,551
970

6,551
1,334



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,862
17,653

18,862
17,653



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,851
9,762

Amounts owed to group undertakings
585,145
198,128

Other taxation and social security
6,528
6,532

Accruals and deferred income
2,000
2,000

599,524
216,422


Page 4

 
DEPT STUDIOS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Pension commitments

The company has paid £610 into the employees' personal pension plans during the year. The costs are charged to the profit and loss account as incurred.

 
Page 5