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REGISTERED NUMBER: 03996897 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2023

for

Studio Enterprise Limited

Studio Enterprise Limited (Registered number: 03996897)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Studio Enterprise Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D M Matthews
M F Matthews





REGISTERED OFFICE: 32 Lubenham Hill
Market Harborough
Leicestershire
LE16 9DQ





REGISTERED NUMBER: 03996897 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Studio Enterprise Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Studio Enterprise Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Studio Enterprise Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Studio Enterprise Limited and state those matters that we have agreed to state to the Board of Directors of Studio Enterprise Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studio Enterprise Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Studio Enterprise Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Studio Enterprise Limited. You consider that Studio Enterprise Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Studio Enterprise Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


23 February 2024

Studio Enterprise Limited (Registered number: 03996897)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 575,000 352,674
575,000 352,674

CURRENT ASSETS
Stocks - 15,802
Debtors 6 64,866 79,700
Cash at bank 36,498 293,061
101,364 388,563
CREDITORS
Amounts falling due within one year 7 102,672 141,662
NET CURRENT (LIABILITIES)/ASSETS (1,308 ) 246,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,692

599,575

PROVISIONS FOR LIABILITIES 24,355 -
NET ASSETS 549,337 599,575

CAPITAL AND RESERVES
Called up share capital 8 5 5
Revaluation reserve 73,067 -
Retained earnings 476,265 599,570
SHAREHOLDERS' FUNDS 549,337 599,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Studio Enterprise Limited (Registered number: 03996897)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





D M Matthews - Director


Studio Enterprise Limited (Registered number: 03996897)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Studio Enterprise 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.

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 - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

Studio Enterprise Limited (Registered number: 03996897)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 18,575
DEPRECIATION
At 1 November 2022
and 31 October 2023 18,575
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 352,674
Additions 124,904
Revaluations 97,422
At 31 October 2023 575,000
NET BOOK VALUE
At 31 October 2023 575,000
At 31 October 2022 352,674

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 97,422
Cost 477,578
575,000

The valuation was carried out by the directors at the balance sheet date.

Studio Enterprise Limited (Registered number: 03996897)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 59,120 79,113
Prepayments and accrued income 5,387 587
Prepayments 359 -
64,866 79,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - 1,374
Tax creditor 548 -
VAT 1,600 12
Directors' current accounts 80,534 123,031
Accruals and deferred income 19,990 17,245
102,672 141,662

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
5 Ordinary £1 5 5