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Company Registration No. 08542494 (England and Wales)
Katie Paterson Studio Ltd Unaudited accounts for the year ended 31 May 2024
Katie Paterson Studio Ltd Unaudited accounts Contents
Page
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Katie Paterson Studio Ltd Company Information for the year ended 31 May 2024
Director
Katie Michelle Paterson
Company Number
08542494 (England and Wales)
Registered Office
247 Church Street London N16 9HP United Kingdom
Accountants
Wyatts Partnership Ltd 247 Church Street London N16 9HP
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Katie Paterson Studio Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
334,771 
318,336 
Current assets
Debtors
2,875 
77,779 
Cash at bank and in hand
394,340 
522,790 
397,215 
600,569 
Creditors: amounts falling due within one year
(188,426)
(492,045)
Net current assets
208,789 
108,524 
Net assets
543,560 
426,860 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
543,460 
426,760 
Shareholders' funds
543,560 
426,860 
For the year ending 31 May 2024 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 October 2024 and were signed on its behalf by
Katie Michelle Paterson Director Company Registration No. 08542494
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Katie Paterson Studio Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Katie Paterson Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 08542494. The registered office is 247 Church Street, London, N16 9HP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
370,369 
7,057 
7,900 
385,326 
Additions
13,178 
1,810 
5,181 
20,169 
At 31 May 2024
383,547 
8,867 
13,081 
405,495 
Depreciation
At 1 June 2023
56,242 
4,224 
6,524 
66,990 
Charge for the year
- 
1,827 
1,907 
3,734 
At 31 May 2024
56,242 
6,051 
8,431 
70,724 
Net book value
At 31 May 2024
327,305 
2,816 
4,650 
334,771 
At 31 May 2023
314,127 
2,833 
1,376 
318,336 
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Katie Paterson Studio Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,919 
- 
Trade debtors
956 
77,779 
2,875 
77,779 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
52,573 
Taxes and social security
9,417 
25,240 
Other creditors
16,280 
10,000 
Loans from directors
54,092 
158,503 
Accruals
2,000 
2,000 
Deferred income
106,637 
243,729 
188,426 
492,045 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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