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REGISTERED NUMBER: 08787750 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ARTRABBIT STUDIO LIMITED

ARTRABBIT STUDIO LIMITED (REGISTERED NUMBER: 08787750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTRABBIT STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr Thomas Elsner





REGISTERED OFFICE: Second Floor
Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 08787750 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

ARTRABBIT STUDIO LIMITED (REGISTERED NUMBER: 08787750)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,728 17,241

CURRENT ASSETS
Debtors 5 33,097 42,318
Cash at bank 119,665 69,424
152,762 111,742
CREDITORS
Amounts falling due within one year 6 (68,593 ) (30,929 )
NET CURRENT ASSETS 84,169 80,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,897

98,054

PROVISIONS FOR LIABILITIES (1,452 ) (3,276 )
NET ASSETS 97,445 94,778

CAPITAL AND RESERVES
Called up share capital 1,053 1,053
Retained earnings 96,392 93,725
SHAREHOLDERS' FUNDS 97,445 94,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARTRABBIT STUDIO LIMITED (REGISTERED NUMBER: 08787750)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 30 January 2024 and were signed by:





Mr Thomas Elsner - Director


ARTRABBIT STUDIO LIMITED (REGISTERED NUMBER: 08787750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

ArtRabbit Studio 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Motor vehicles - 20% on 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ARTRABBIT STUDIO LIMITED (REGISTERED NUMBER: 08787750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 December 2022 24,791 36,900 61,691
Additions 6,775 - 6,775
Disposals (15,003 ) - (15,003 )
At 30 November 2023 16,563 36,900 53,463
DEPRECIATION
At 1 December 2022 22,310 22,140 44,450
Charge for year 1,908 7,380 9,288
Eliminated on disposal (15,003 ) - (15,003 )
At 30 November 2023 9,215 29,520 38,735
NET BOOK VALUE
At 30 November 2023 7,348 7,380 14,728
At 30 November 2022 2,481 14,760 17,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,454 41,766
Other debtors 14,952 552
Prepayments 691 -
33,097 42,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,564 41
Corporation tax 25,897 17,348
Social security and other taxes 10,870 8,912
Other creditors 1 -
Director's current accounts 934 728
Accruals and deferred income 21,327 3,900
68,593 30,929