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REGISTERED NUMBER: 08775426 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

FUSE STUDIOS (HOLDINGS) LIMITED

FUSE STUDIOS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08775426)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FUSE STUDIOS (HOLDINGS) LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J Harris
S P Clarke





REGISTERED OFFICE: Fountain House
3rd Floor
4 South Parade
Leeds
West Yorkshire
LS1 5QX





REGISTERED NUMBER: 08775426 (England and Wales)





ACCOUNTANTS: BK Plus Limited
52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW

FUSE STUDIOS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08775426)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,100,653 1,100,598

CURRENT ASSETS
Debtors 5 9,667 9,666
Cash at bank 10,096 29
19,763 9,695
CREDITORS
Amounts falling due within one year 6 10,068 -
NET CURRENT ASSETS 9,695 9,695
TOTAL ASSETS LESS CURRENT LIABILITIES 1,110,348 1,110,293

CAPITAL AND RESERVES
Called up share capital 550,000 687,500
Capital redemption reserve 550,000 412,500
Retained earnings 10,348 10,293
SHAREHOLDERS' FUNDS 1,110,348 1,110,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 26 March 2024 and were signed on its behalf by:




M J Harris - Director


FUSE STUDIOS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08775426)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Fuse Studios (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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

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

FUSE STUDIOS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08775426)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 1,100,000 598 1,100,598
Revaluations - 55 55
At 30 September 2023 1,100,000 653 1,100,653
NET BOOK VALUE
At 30 September 2023 1,100,000 653 1,100,653
At 30 September 2022 1,100,000 598 1,100,598

Cost or valuation at 30 September 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 - 531 531
Valuation in 2021 - 82 82
Valuation in 2022 - (15 ) (15 )
Valuation in 2023 - 55 55
Cost 1,100,000 - 1,100,000
1,100,000 653 1,100,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 9,667 9,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 10,068 -