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REGISTERED NUMBER: 09536281 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Chimera Studio Limited

Chimera Studio Limited (Registered number: 09536281)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chimera Studio Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B J Carrick
S M Carrick





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 09536281 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Chimera Studio Limited (Registered number: 09536281)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,765 19,732

CURRENT ASSETS
Stocks 6,975 8,600
Debtors 5 7,031 1,475
Cash at bank 1,575 2,612
15,581 12,687
CREDITORS
Amounts falling due within one year 6 (12,581 ) (17,860 )
NET CURRENT ASSETS/(LIABILITIES) 3,000 (5,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,765

14,559

CREDITORS
Amounts falling due after more than one
year

7

(8,297

)

(11,077

)

PROVISIONS FOR LIABILITIES (3,165 ) (2,325 )
NET ASSETS 4,303 1,157

CAPITAL AND RESERVES
Called up share capital 165 165
Retained earnings 4,138 992
SHAREHOLDERS' FUNDS 4,303 1,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Chimera Studio Limited (Registered number: 09536281)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2024 and were signed on its behalf by:





B J Carrick - Director


Chimera Studio Limited (Registered number: 09536281)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Chimera Studio 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.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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 ) .

Chimera Studio Limited (Registered number: 09536281)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,200 12,881 6,629 23,005 44,715
Additions - 1,199 - - 1,199
Disposals - (1,384 ) (4,964 ) (5,477 ) (11,825 )
At 31 March 2024 2,200 12,696 1,665 17,528 34,089
DEPRECIATION
At 1 April 2023 215 7,143 1,641 15,984 24,983
Charge for year 110 483 121 2,358 3,072
Eliminated on disposal - (797 ) (582 ) (5,352 ) (6,731 )
At 31 March 2024 325 6,829 1,180 12,990 21,324
NET BOOK VALUE
At 31 March 2024 1,875 5,867 485 4,538 12,765
At 31 March 2023 1,985 5,738 4,988 7,021 19,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,460 1,475
Other debtors 571 -
7,031 1,475

Other debtors includes prepayments and accrued income of £571 (2023: £NIL).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,556 -
Trade creditors - 912
Taxation and social security 8,708 3,044
Other creditors 2,317 13,904
12,581 17,860

Other creditors includes accruals and deferred income of £1,440 (2023: £1,190).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,297 11,077

Chimera Studio Limited (Registered number: 09536281)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 2,074 2,780

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B J Carrick
Balance outstanding at start of year - -
Amounts advanced 8,870 -
Amounts repaid (8,870 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was interest free and repayable on demand.