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Company Registration No. 10474364 (England and Wales)
Roni Ilan Studio Limited Unaudited accounts for the year ended 30 November 2023
Roni Ilan Studio Limited Unaudited accounts Contents
Page
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Roni Ilan Studio Limited Company Information for the year ended 30 November 2023
Director
Mrs Roni Ilan
Company Number
10474364 (England and Wales)
Registered Office
C/O Solid Ltd Eagle House 163 City Road London EC1V 1NR United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Roni Ilan Studio Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
858 
1,766 
Current assets
Inventories
1,326 
- 
Cash at bank and in hand
2,538 
881 
3,864 
881 
Creditors: amounts falling due within one year
(378,461)
(359,443)
Net current liabilities
(374,597)
(358,562)
Net liabilities
(373,739)
(356,796)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(373,839)
(356,896)
Shareholders' funds
(373,739)
(356,796)
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 director acknowledges her 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 and authorised for issue on 16 August 2024 and were signed on its behalf by
Mrs Roni Ilan Director Company Registration No. 10474364
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Roni Ilan Studio Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Roni Ilan Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 10474364. The registered office is C/O Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR, United Kingdom.
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.
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.
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
straight line over 5 years
Other tangible fixed assets
straight line over 5 years
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
At the balance sheet date the company had a deficit of £373,739 (2022: £356,796). The director however considers that the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The Director supports the company financially.
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Roni Ilan Studio Limited Notes to the Accounts for the year ended 30 November 2023
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
4,765 
1,250 
6,015 
At 30 November 2023
4,765 
1,250 
6,015 
Depreciation
At 1 December 2022
3,041 
1,208 
4,249 
Charge for the year
866 
42 
908 
At 30 November 2023
3,907 
1,250 
5,157 
Net book value
At 30 November 2023
858 
- 
858 
At 30 November 2022
1,724 
42 
1,766 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
85 
Taxes and social security
2,412 
1,185 
Other creditors
492 
- 
Loans from directors
375,557 
358,173 
378,461 
359,443 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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