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REGISTERED NUMBER: 11762698 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Studio 13 Entertainment Ltd

Studio 13 Entertainment Ltd (Registered number: 11762698)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Studio 13 Entertainment Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I M Pompadur
A Woolfe
D Fisher





REGISTERED OFFICE: 65 Alfred Road
Studio 55 , Great Western Studios
London
W2 5EU





REGISTERED NUMBER: 11762698 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Studio 13 Entertainment Ltd (Registered number: 11762698)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,227 50,257
Investments 5 77 76
3,304 50,333

CURRENT ASSETS
Work in progress 6 118,174 126,137
Debtors 7 138,457 130,503
Cash at bank 25,493 100,608
282,124 357,248
CREDITORS
Amounts falling due within one year 8 1,520,971 573,806
NET CURRENT LIABILITIES (1,238,847 ) (216,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,235,543

)

(166,225

)

CREDITORS
Amounts falling due after more than
one year

9

1,329,227

1,470,552
NET LIABILITIES (2,564,770 ) (1,636,777 )

Studio 13 Entertainment Ltd (Registered number: 11762698)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 12
Share premium 2,314,349 2,314,349
Share premium - equity option 446,822 209,274
Retained earnings (5,325,953 ) (4,160,412 )
(2,564,770 ) (1,636,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 August 2024 and were signed on its behalf by:





A Woolfe - Director


Studio 13 Entertainment Ltd (Registered number: 11762698)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Studio 13 Entertainment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably. Production revenue is recognised as determined by reference to production costs incurred to date as a percentage of total expected costs. Overspends are recognised as soon as they arise and anticipated underspends are recognised on the completion of the programme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture - 33% on cost
Fixture & fittings - 33% on cost
Studio equipment - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Project in progress, representing completed programmes and productions in progress, include an attributable portion of overheads and are stated at the lower of cost and net realisable value. Production costs are released to the profit and loss account on the delivery of programmes to the customer, at which time the turnover is also recognised.

Studio 13 Entertainment Ltd (Registered number: 11762698)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office Fixture & Studio Computer
furniture fittings equipment equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,004 1,277 250,087 12,822 267,190
Additions - - - 3,233 3,233
At 31 December 2023 3,004 1,277 250,087 16,055 270,423
DEPRECIATION
At 1 January 2023 2,031 780 203,699 10,423 216,933
Charge for year 658 426 45,882 3,297 50,263
At 31 December 2023 2,689 1,206 249,581 13,720 267,196
NET BOOK VALUE
At 31 December 2023 315 71 506 2,335 3,227
At 31 December 2022 973 497 46,388 2,399 50,257

Studio 13 Entertainment Ltd (Registered number: 11762698)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023 76
Additions 1
At 31 December 2023 77
NET BOOK VALUE
At 31 December 2023 77
At 31 December 2022 76

6. WORK IN PROGRESS
31.12.23 31.12.22
£    £   
Project in progress 118,174 126,137

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 11,056
Other debtors 7,950 11
Directors' loan accounts - 4,474
VAT 14,702 -
Prepayments and accrued income 115,805 114,962
138,457 130,503

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 258,627 11,400
Trade creditors 72,471 10,165
Amounts owed to group undertakings 818,814 -
VAT - 68,354
Accrued expenses 371,059 483,887
1,520,971 573,806

Studio 13 Entertainment Ltd (Registered number: 11762698)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 19,128 29,670
Convertible Loan 1,310,099 1,440,882
1,329,227 1,470,552