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REGISTERED NUMBER: 08907375 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TWELVE STUDIO LONDON LTD

TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

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


TWELVE STUDIO LONDON LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: G F Brookes
Ms J L Griffin
J E Skinner
A G G Smith





REGISTERED OFFICE: The Old School House
41 Woodbridge Street
London
EC1R 0ND





REGISTERED NUMBER: 08907375 (England and Wales)





ACCOUNTANTS: Redfin Management Limited
111 Charterhouse Street
Farringdon
London
EC1M 6AW

TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,811 26,735

CURRENT ASSETS
Debtors 5 913,582 1,107,911
Cash at bank and in hand 419,763 152,435
1,333,345 1,260,346
CREDITORS
Amounts falling due within one year 6 639,342 629,109
NET CURRENT ASSETS 694,003 631,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,814

657,972

CREDITORS
Amounts falling due after more than one
year

7

(112,500

)

(212,500

)

PROVISIONS FOR LIABILITIES (4,841 ) (1,500 )
NET ASSETS 611,473 443,972

CAPITAL AND RESERVES
Called up share capital 190,554 190,554
Retained earnings 420,919 253,418
611,473 443,972

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.

TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

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 7 November 2024 and were signed on its behalf by:




G F Brookes - Director J E Skinner - Director




A G G Smith - Director


TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Twelve Studio London 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.

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.
Plant and machinery etc - 33% on cost

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.

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.

TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 22 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 79,095
Additions 26,109
Disposals (33,464 )
At 31 March 2024 71,740
DEPRECIATION
At 1 April 2023 52,360
Charge for year 18,033
Eliminated on disposal (33,464 )
At 31 March 2024 36,929
NET BOOK VALUE
At 31 March 2024 34,811
At 31 March 2023 26,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 552,701 724,596
Amounts owed by group undertakings 210,000 210,000
Other debtors 150,881 173,315
913,582 1,107,911

TWELVE STUDIO LONDON LTD (REGISTERED NUMBER: 08907375)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 -
Trade creditors 134,372 188,582
Taxation and social security 313,769 239,168
Other creditors 141,201 201,359
639,342 629,109

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 112,500 212,500