Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-0144falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11909622 2022-04-01 2023-03-31 11909622 2021-04-01 2022-03-31 11909622 2023-03-31 11909622 2022-03-31 11909622 c:Director1 2022-04-01 2023-03-31 11909622 d:OfficeEquipment 2022-04-01 2023-03-31 11909622 d:OfficeEquipment 2023-03-31 11909622 d:OfficeEquipment 2022-03-31 11909622 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11909622 d:ComputerEquipment 2022-04-01 2023-03-31 11909622 d:ComputerEquipment 2023-03-31 11909622 d:ComputerEquipment 2022-03-31 11909622 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11909622 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11909622 d:CurrentFinancialInstruments 2023-03-31 11909622 d:CurrentFinancialInstruments 2022-03-31 11909622 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11909622 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11909622 d:ShareCapital 2023-03-31 11909622 d:ShareCapital 2022-03-31 11909622 d:RetainedEarningsAccumulatedLosses 2023-03-31 11909622 d:RetainedEarningsAccumulatedLosses 2022-03-31 11909622 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11909622 c:OrdinaryShareClass1 2023-03-31 11909622 c:OrdinaryShareClass1 2022-03-31 11909622 c:FRS102 2022-04-01 2023-03-31 11909622 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11909622 c:FullAccounts 2022-04-01 2023-03-31 11909622 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11909622 2 2022-04-01 2023-03-31 11909622 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11909622














STUDIO HLD LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
STUDIO HLD LTD
REGISTERED NUMBER:11909622

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,749
-

  
3,749
-

Current assets
  

Debtors: amounts falling due within one year
 5 
559,339
217,893

Cash at bank
 6 
122,857
53,769

  
682,196
271,662

Creditors: amounts falling due within one year
 7 
(350,683)
(174,124)

Net current assets
  
 
 
331,513
 
 
97,538

Total assets less current liabilities
  
335,262
97,538

  

Net assets
  
335,262
97,538


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
335,162
97,438

  
335,262
97,538


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 profit and loss account 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 by: 




H R Holland
Director

Date: 23 December 2023

Page 1

 
STUDIO HLD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Studio HLD Ltd  is a private company, limited by shares, registered in England and Wales, registration number is 11909622. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company continued to be that of influencer and content management.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administration expenses'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from influencer and content management activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
STUDIO HLD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

 Debtors

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

 
2.11

 Cash

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

 
2.12

 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.

Page 3

 
STUDIO HLD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans with banks and loans with related parties.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


Additions
3,705
337
4,042



At 31 March 2023

3,705
337
4,042



Depreciation


Charge for the year
230
63
293



At 31 March 2023

230
63
293



Net book value



At 31 March 2023
3,475
274
3,749



At 31 March 2022
-
-
-

Page 4

 
STUDIO HLD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
522,756
210,881

Other debtors
36,583
7,012

559,339
217,893



6.


Cash

2023
2022
£
£

Cash at bank
122,857
53,769



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
20,815
26,947

Trade creditors
13,052
-

Corporation tax
119,559
42,006

Other taxation and social security
175,022
91,002

Other creditors
5,782
8,419

Accruals and deferred income
16,453
5,750

350,683
174,124


Included in the bank loans is £20,533 (2022 - £23,333) of the the Coronavirus Bounce Back Loan which is fully guaranteed by the government.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100

The shares have attached to them full rights regarding voting, payment of dividends and distributions.


 
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