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REGISTERED NUMBER: 08796997 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THE BRIGHTON AND HOVE STUDIO LTD

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BRIGHTON AND HOVE STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: O Hearsey
Ms X Kingsley





REGISTERED OFFICE: The Brighton Studio Units B-E, Level 2 S
New England House
New England Street
Brighton
East Sussex
BN1 4GH





REGISTERED NUMBER: 08796997 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 66,641 78,381

CURRENT ASSETS
Debtors 4 44,790 33,763
Cash at bank 91,196 112,668
135,986 146,431
CREDITORS
Amounts falling due within one year 5 65,233 63,681
NET CURRENT ASSETS 70,753 82,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,394

161,131

CREDITORS
Amounts falling due after more than one
year

6

(11,380

)

(23,191

)

PROVISIONS FOR LIABILITIES (16,154 ) (19,595 )
NET ASSETS 109,860 118,345

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 109,858 118,343
109,860 118,345

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 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 29 July 2024 and were signed on its behalf by:



O Hearsey - Director



Ms X Kingsley - Director


THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

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

1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

2. EMPLOYEES AND DIRECTORS

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

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

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

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2022 74,266 52,318 27,853 154,437
Additions 15,473 - 1,828 17,301
At 30 November 2023 89,739 52,318 29,681 171,738
DEPRECIATION
At 1 December 2022 32,032 31,661 12,363 76,056
Charge for year 11,541 12,473 5,027 29,041
At 30 November 2023 43,573 44,134 17,390 105,097
NET BOOK VALUE
At 30 November 2023 46,166 8,184 12,291 66,641
At 30 November 2022 42,234 20,657 15,490 78,381

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 19,549
DEPRECIATION
At 1 December 2022 8,595
Charge for year 4,888
At 30 November 2023 13,483
NET BOOK VALUE
At 30 November 2023 6,066
At 30 November 2022 10,954

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,199 5,225
Other debtors 24,145 24,145
Prepayments 4,446 4,393
44,790 33,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,235 9,077
Hire purchase contracts 3,288 3,288
Tax 14,123 6,610
Social security and other taxes (129 ) (389 )
VAT 11,185 9,246
Directors' current accounts 26,989 34,307
Accrued expenses 1,542 1,542
65,233 63,681

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 9,600 18,080
Hire purchase contracts 1,780 5,111
11,380 23,191

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
O Hearsey and Ms X Kingsley
Balance outstanding at start of year (34,307 ) (23,969 )
Amounts advanced 87,657 29,781
Amounts repaid (80,339 ) (40,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,989 ) (34,307 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is O Hearsey & X Kingsley.

This was by virtue of their 100% holding of the issued share capital.