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REGISTERED NUMBER: 12216692 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LEONORA HAMILL STUDIO LTD

LEONORA HAMILL STUDIO LTD (REGISTERED NUMBER: 12216692)






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


LEONORA HAMILL STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Ms L Hamill





REGISTERED OFFICE: 119a Battersea Business Centre
99 - 109 Lavender Hill
London
SW11 5QL





REGISTERED NUMBER: 12216692 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

LEONORA HAMILL STUDIO LTD (REGISTERED NUMBER: 12216692)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 23,098 10,080
Debtors 5 91,647 35,211
Cash at bank 2,156 9,797
116,901 55,088
CREDITORS
Amounts falling due within one year 6 114,032 89,693
NET CURRENT ASSETS/(LIABILITIES) 2,869 (34,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,869

(34,605

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 2,868 (34,606 )
SHAREHOLDERS' FUNDS 2,869 (34,605 )

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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Ms L Hamill - Director


LEONORA HAMILL STUDIO LTD (REGISTERED NUMBER: 12216692)

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

1. STATUTORY INFORMATION

Leonora Hamill Studio 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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have considered the profitability and forecast cashflows of the business for a period in excess of 12
months from the expected date of the approval of these financial statements. They consider that the company has
reasonable expectation of meeting its commitments. The going concern basis of accountancy has therefore been
adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

LEONORA HAMILL STUDIO LTD (REGISTERED NUMBER: 12216692)

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

4. STOCKS
2023 2022
£    £   
Stocks 8,098 10,080
Work-in-progress 15,000 -
23,098 10,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,785 11,197
Other debtors 74,862 24,014
91,647 35,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,893 -
Taxation and social security 3,089 -
Other creditors 106,050 89,693
114,032 89,693

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Ms L Hamill
Balance outstanding at start of year 5,769 -
Amounts advanced - 5,769
Amounts repaid (5,769 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,769

LEONORA HAMILL STUDIO LTD (REGISTERED NUMBER: 12216692)

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

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to a US company related by way of it's director also being a director of this company. The amount due at 30 September 2023 is £95,399 (2022: £81,489).

During the year the director made an interest free loan to the company. As at 30 September 2023 the amount outstanding was £4,440 (2022:Nil).

During the year the company made a short term, interest free loan to an associate of the company. As at 30 September 2023 the amount outstanding was £17,381.