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REGISTERED NUMBER: 03162576 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STUDIO U + A LIMITED

STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDIO U + A LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms S A Fujikawa





SECRETARY: V K Kapoor





REGISTERED OFFICE: 18-19 Jockey's Fields
London
WC1R 4BW





REGISTERED NUMBER: 03162576 (England and Wales)





ACCOUNTANTS: Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD

STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,826 12,066

CURRENT ASSETS
Debtors 5 464,935 593,963
Cash at bank 252 385
465,187 594,348
CREDITORS
Amounts falling due within one year 6 (469,676 ) (606,707 )
NET CURRENT LIABILITIES (4,489 ) (12,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,337

(293

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 6,335 (295 )
SHAREHOLDERS' FUNDS 12 6,337 (293 )

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 director acknowledges her 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 director and authorised for issue on 22 August 2024 and were signed by:





Ms S A Fujikawa - Director


STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Studio U + A Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the lease
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2022 - 4 ) .

STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 34,162 49,987 53,659 137,808
Additions - - 590 590
At 31 December 2023 34,162 49,987 54,249 138,398
DEPRECIATION
At 1 January 2023 22,096 49,987 53,659 125,742
Charge for year 1,682 - 148 1,830
At 31 December 2023 23,778 49,987 53,807 127,572
NET BOOK VALUE
At 31 December 2023 10,384 - 442 10,826
At 31 December 2022 12,066 - - 12,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185,753 270,473
Other debtors 2,618 2,618
Directors' current accounts 87,527 74,837
Corporation tax recoverable 27,177 24,577
Other taxation 2,973 2,973
Accrued income 153,100 213,000
Prepayments 5,787 5,485
464,935 593,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 7) 17,162 5,168
Trade creditors 110,773 99,857
Corporation tax 4,477 14,266
Social security and other taxes 17,979 19,902
Other creditors - 54
Amount owed to companies under
common control

312,117

459,041
Accrued expenses 7,168 8,419
469,676 606,707

STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 17,162 5,168

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (295 )
Profit for the year 6,630
At 31 December 2023 6,335

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms S A Fujikawa
Balance outstanding at start of year 74,837 68,513
Amounts advanced 24,443 27,449
Amounts repaid (11,753 ) (21,125 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,527 74,837

Interest of £1,751 was paid on overdrawn director's loan account.

STUDIO U + A LIMITED (REGISTERED NUMBER: 03162576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. RELATED PARTY DISCLOSURES

V K Kapoor is a shareholder and a director of the following companies.

Company 1. During the year the Company received consultancy fees of £150,000 and service charges of £3,100(2022:£6,000). At the balance sheet date amount due to this company was £312,117(2022:£ 459,041) and amount due from this company was £153,100.

Company 2. During the year the Company paid rent of £30,000(2022:£30,000). At the balance sheet date the balance £83,521(2022:£80,521) was owed to this company.

Company 6. At the balance sheet date owed from this company was NIL(.2022:£84,720).

Company 8. At the balance sheet date owed from this company was £76,243(2022:£76,243).

S A Fujikawa, the company director is a shareholder of the company below.

Company 9. At the balance sheet date owed from this company was £109,510 (2022:£109,511).

12. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2023 2022
£    £   
Profit for the financial year 6,630 12,392
Net addition to shareholders' funds 6,630 12,392
Opening shareholders' funds (293 ) (12,685 )
Closing shareholders' funds 6,337 (293 )

13. PENSION COST

The Company made work place pension contributions of £654 (2022:£1,168) and contribution to director's personal pension scheme NIL (2022:£40,000).

14. CONTROLLING PARTY

S A Fujikawa is the controlling party .