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REGISTERED NUMBER: 09339797 (England and Wales)















STUDIO SWINE DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






STUDIO SWINE DESIGN LTD (REGISTERED NUMBER: 09339797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDIO SWINE DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: A S Groves
Miss A Murakami





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 09339797 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

STUDIO SWINE DESIGN LTD (REGISTERED NUMBER: 09339797)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 141,396 142,567
Investments 5 229,215 540,597
370,611 683,164

CURRENT ASSETS
Debtors 6 195,524 4,973
Cash at bank and in hand 378,208 66,817
573,732 71,790
CREDITORS
Amounts falling due within one year 7 (568,287 ) (370,673 )
NET CURRENT ASSETS/(LIABILITIES) 5,445 (298,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,056

384,281

PROVISIONS FOR LIABILITIES (643 ) (865 )
NET ASSETS 375,413 383,416

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 375,411 383,414
SHAREHOLDERS' FUNDS 375,413 383,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 SWINE DESIGN LTD (REGISTERED NUMBER: 09339797)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





A S Groves - Director


STUDIO SWINE DESIGN LTD (REGISTERED NUMBER: 09339797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Studio Swine Design 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - nil
Plant and machinery - 20% on cost
Fixture and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2021 - 2 ) .

STUDIO SWINE DESIGN LTD (REGISTERED NUMBER: 09339797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixture
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 138,014 6,106 1,424 2,954 148,498
Additions - - - 821 821
At 31 December 2022 138,014 6,106 1,424 3,775 149,319
DEPRECIATION
At 1 January 2022 - 2,811 550 2,570 5,931
Charge for year - 1,121 285 586 1,992
At 31 December 2022 - 3,932 835 3,156 7,923
NET BOOK VALUE
At 31 December 2022 138,014 2,174 589 619 141,396
At 31 December 2021 138,014 3,295 874 384 142,567

Included in cost of land and buildings is freehold land of £ 138,014 (2021 - £ 138,014 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Cryto currency 229,215 540,597

The Crypto currency investment is at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,700 1,200
Other debtors 189,824 3,773
195,524 4,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Funds received in advance of work done 357,560 201,024
Taxation and social security 19,146 58,626
Other creditors 191,581 111,023
568,287 370,673