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
Roni Ilan Studio Limited
Company Information
for the year ended 30 November 2023
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
Roni Ilan Studio Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,538
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)
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
Roni Ilan Studio Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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.
Roni Ilan Studio Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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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
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
At 30 November 2023
858
-
858
At 30 November 2022
1,724
42
1,766
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,412
1,185
Loans from directors
375,557
358,173
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).