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REGISTERED NUMBER: 08386338 (England and Wales)










Unaudited Financial Statements for the Year Ended 29 February 2024

for

Studio Lk Limited

Studio Lk Limited (Registered number: 08386338)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Studio Lk Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Lita Khazaka





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 08386338 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Studio Lk Limited (Registered number: 08386338)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 717 843
Investments 5 10,024 10,024
10,741 10,867

CURRENT ASSETS
Stocks 7,846 18,964
Debtors 6 8,265 47,184
Investments 7 167,874 167,874
Cash at bank 104,318 16,526
288,303 250,548
CREDITORS
Amounts falling due within one year 8 106,586 26,444
NET CURRENT ASSETS 181,717 224,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,458

234,971

CREDITORS
Amounts falling due after more than one year 9 (34,153 ) (40,363 )

PROVISIONS FOR LIABILITIES (136 ) (160 )
NET ASSETS 158,169 194,448

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,069 194,348
SHAREHOLDERS' FUNDS 158,169 194,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Studio Lk Limited (Registered number: 08386338)

Balance Sheet - continued
29 February 2024


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 29 August 2024 and were signed by:





Lita Khazaka - Director


Studio Lk Limited (Registered number: 08386338)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Studio Lk 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Studio Lk Limited (Registered number: 08386338)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 4,917
DEPRECIATION
At 1 March 2023 4,074
Charge for year 126
At 29 February 2024 4,200
NET BOOK VALUE
At 29 February 2024 717
At 28 February 2023 843

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 10,024
NET BOOK VALUE
At 29 February 2024 10,024
At 28 February 2023 10,024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 5,178 43,107
Other debtors 3,087 4,077
8,265 47,184

7. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Unlisted investments 167,874 167,874

Studio Lk Limited (Registered number: 08386338)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 6,210 6,210
Trade creditors 719 329
Amounts owed to group undertakings 80,000 -
Taxation and social security 15,725 17,962
Other creditors 3,932 1,943
106,586 26,444

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 34,153 40,363

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Ms Lita Khazaka by virtue of major shareholding.