Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31false2021-11-011No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07817521 2021-11-01 2022-10-31 07817521 2020-11-01 2021-10-31 07817521 2022-10-31 07817521 2021-10-31 07817521 c:Director1 2021-11-01 2022-10-31 07817521 d:CurrentFinancialInstruments 2022-10-31 07817521 d:CurrentFinancialInstruments 2021-10-31 07817521 d:Non-currentFinancialInstruments 2022-10-31 07817521 d:Non-currentFinancialInstruments 2021-10-31 07817521 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07817521 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 07817521 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 07817521 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 07817521 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 07817521 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 07817521 d:ShareCapital 2022-10-31 07817521 d:ShareCapital 2021-10-31 07817521 d:RetainedEarningsAccumulatedLosses 2022-10-31 07817521 d:RetainedEarningsAccumulatedLosses 2021-10-31 07817521 c:FRS102 2021-11-01 2022-10-31 07817521 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 07817521 c:FullAccounts 2021-11-01 2022-10-31 07817521 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 07817521 e:PoundSterling 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 07817521









STUDIO SOHO INTERNATIONAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
STUDIO SOHO INTERNATIONAL LIMITED
REGISTERED NUMBER: 07817521

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
78,194
76,683

  
78,194
76,683

Creditors: amounts falling due within one year
 6 
(62,693)
(61,661)

Net current assets
  
 
 
15,501
 
 
15,022

Total assets less current liabilities
  
15,501
15,022

Creditors: amounts falling due after more than one year
 7 
(38,932)
(49,259)

  

Net liabilities
  
(23,431)
(34,237)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(23,441)
(34,247)

  
(23,431)
(34,237)


Page 1

 
STUDIO SOHO INTERNATIONAL LIMITED
REGISTERED NUMBER: 07817521
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

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 his 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 comprehensive income 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: 




................................................
N P Hamson
Director

Date: 22 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STUDIO SOHO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Studio Soho International Limited is a private company limited by shares and incorporated in England & Wales (registered number 07817521). The registered office is 1-2 Portland Mews, London, England, W1F 8JE.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
STUDIO SOHO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

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 current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
STUDIO SOHO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Debtors

2022
2021
£
£


Trade debtors
8,098
5,786

Amounts owed by group undertakings
51,930
51,930

Other debtors
18,166
18,967

78,194
76,683



5.


Cash and cash equivalents

2022
2021
£
£

Less: bank overdrafts
(6,188)
(9,857)

(6,188)
(9,857)



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
6,188
9,857

Bank loans
6,597
-

Trade creditors
-
370

Amounts owed to group undertakings
8,945
11,121

Corporation tax
8,972
9,072

Other creditors
29,991
29,991

Accruals and deferred income
2,000
1,250

62,693
61,661



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
38,932
49,259

38,932
49,259


Page 5

 
STUDIO SOHO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
6,597
-


6,597
-


Amounts falling due 2-5 years

Bank loans
38,931
49,260


38,931
49,260


45,528
49,260



9.


Related party transactions

Included in creditors is an amount of £8,947 owed by Studio Soho Distribution, the parent company.

 
Page 6