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REGISTERED NUMBER: 03390892 (England and Wales)











STUDIO RHE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






STUDIO RHE LTD (REGISTERED NUMBER: 03390892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDIO RHE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R H Evans
Mrs R Evans





SECRETARY: Ms T Roberts





REGISTERED OFFICE: 201 Haverstock Hill
Belsize Park
London
NW3 4QG





REGISTERED NUMBER: 03390892 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

STUDIO RHE LTD (REGISTERED NUMBER: 03390892)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,824,923 4,563,104

CURRENT ASSETS
Debtors 5 6,325,414 4,247,346
Cash at bank 1,227,433 3,275,527
7,552,847 7,522,873
CREDITORS
Amounts falling due within one year 6 585,696 964,240
NET CURRENT ASSETS 6,967,151 6,558,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,792,074

11,121,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,791,974 11,121,637
SHAREHOLDERS' FUNDS 11,792,074 11,121,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 November 2023 and were signed on its behalf by:





R H Evans - Director


STUDIO RHE LTD (REGISTERED NUMBER: 03390892)

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

1. STATUTORY INFORMATION

Studio RHE 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

STUDIO RHE LTD (REGISTERED NUMBER: 03390892)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 3,819,103 460,215 501,948 4,781,266
Additions - 6,560 361,250 367,810
At 30 June 2023 3,819,103 466,775 863,198 5,149,076
DEPRECIATION
At 1 July 2022 - 218,162 - 218,162
Charge for year - 67,788 38,203 105,991
At 30 June 2023 - 285,950 38,203 324,153
NET BOOK VALUE
At 30 June 2023 3,819,103 180,825 824,995 4,824,923
At 30 June 2022 3,819,103 242,053 501,948 4,563,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,345 566,225
Other debtors 6,158,069 3,681,121
6,325,414 4,247,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 127,128 112,382
Taxation and social security 138,912 567,038
Other creditors 319,656 284,820
585,696 964,240