IRIS Accounts Production v24.1.0.578 12366857 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123668572022-07-31123668572023-07-31123668572022-08-012023-07-31123668572021-07-31123668572021-08-012022-07-31123668572022-07-3112366857ns15:EnglandWales2022-08-012023-07-3112366857ns14:PoundSterling2022-08-012023-07-3112366857ns10:Director12022-08-012023-07-3112366857ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3112366857ns10:SmallEntities2022-08-012023-07-3112366857ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3112366857ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3112366857ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3112366857ns10:FullAccounts2022-08-012023-07-3112366857ns10:RegisteredOffice2022-08-012023-07-3112366857ns5:CurrentFinancialInstruments2023-07-3112366857ns5:CurrentFinancialInstruments2022-07-3112366857ns5:ShareCapital2023-07-3112366857ns5:ShareCapital2022-07-3112366857ns5:RetainedEarningsAccumulatedLosses2023-07-3112366857ns5:RetainedEarningsAccumulatedLosses2022-07-31
REGISTERED NUMBER: 12366857 (England and Wales)















STUDIO MCR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






STUDIO MCR LIMITED (REGISTERED NUMBER: 12366857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STUDIO MCR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: A Singh





REGISTERED OFFICE: 5 Bank Street
Bury
Lancashire
BL9 0DN





REGISTERED NUMBER: 12366857 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

STUDIO MCR LIMITED (REGISTERED NUMBER: 12366857)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 515 7,712

CREDITORS
Amounts falling due within one year 4 (750 ) (6,000 )
NET CURRENT (LIABILITIES)/ASSETS (235 ) 1,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

(235

)

1,712

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (535 ) 1,412
(235 ) 1,712

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

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

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 15 April 2024 and were signed by:





A Singh - Director


STUDIO MCR LIMITED (REGISTERED NUMBER: 12366857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Studio Mcr Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12366857 and its registered office address is 5 Bank Street, Bury, Lancashire, BL9 0DN.

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.

Significant judgements and estimates
There are currently no significant judgements and estimates applied by the director which are considered key to the preparation of the financial statements.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 3 ) .

STUDIO MCR LIMITED (REGISTERED NUMBER: 12366857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 6,000
Other creditors 750 -
750 6,000