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Company Registration No. 12320123 (England and Wales)
Studio Rose Ltd Unaudited accounts for the year ended 30 November 2023
Studio Rose Ltd Unaudited accounts Contents
Page
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Studio Rose Ltd Company Information for the year ended 30 November 2023
Directors
Hoi Lo Samuel Rose
Company Number
12320123 (England and Wales)
Registered Office
29 Michael Road London E11 3DY England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Studio Rose Ltd Accountants' report
Accountants' report to the board of directors of Studio Rose Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Studio Rose Ltd for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Studio Rose Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Studio Rose Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studio Rose Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Studio Rose Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Studio Rose Ltd. You consider that Studio Rose Ltd 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 accounts of Studio Rose Ltd. 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 8 August 2024
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Studio Rose Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
574 
765 
Current assets
Cash at bank and in hand
3,095 
2,971 
Creditors: amounts falling due within one year
(2,196)
(703)
Net current assets
899 
2,268 
Total assets less current liabilities
1,473 
3,033 
Creditors: amounts falling due after more than one year
- 
(1,188)
Net assets
1,473 
1,845 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,471 
1,843 
Shareholders' funds
1,473 
1,845 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Samuel Rose Director Company Registration No. 12320123
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Studio Rose Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Studio Rose Ltd is a private company, limited by shares, registered in England and Wales, registration number 12320123. The registered office is 29 Michael Road, London, E11 3DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
1,360 
At 30 November 2023
1,360 
Depreciation
At 1 December 2022
595 
Charge for the year
191 
At 30 November 2023
786 
Net book value
At 30 November 2023
574 
At 30 November 2022
765 
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Studio Rose Ltd Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
448 
- 
Loans from directors
1,011 
- 
Accruals
737 
703 
2,196 
703 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,188 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Hoi Lo
Direcctor Loan Account
- 
(506)
- 
(506)
Samuel Rose
Direcctor Loan Account
- 
(505)
- 
(505)
- 
(1,011)
- 
(1,011)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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