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Registration number: 14681868

Insidious Studios LTD

Unaudited Filleted Financial Statements

for the Period from 22 February 2023 to 29 February 2024

 

Insidious Studios LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Insidious Studios LTD

Company Information

Director

Mr Rhys Gavin Coates

Registered office

1 Drooper Drive,
Stratford-Upon-Avon
CV37 9GW

Accountants

Mr Satraj Suman ACMA
21 Babors Field
Bilston
Wolverhampton
West Midlands
WV14 9XS

 

Insidious Studios LTD

(Registration number: 14681868)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

2,400

Current assets

 

Cash at bank and in hand

 

8,787

Creditors: Amounts falling due within one year

5

(4,359)

Net current assets

 

4,428

Net assets

 

6,828

Capital and reserves

 

Called up share capital

6

100

Retained earnings

6,728

Shareholders' funds

 

6,828

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Rhys Gavin Coates
Director

 

Insidious Studios LTD

Notes to the Unaudited Financial Statements for the Period from 22 February 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Drooper Drive,
Stratford-Upon-Avon
CV37 9GW

These financial statements were authorised for issue by the director on 18 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Insidious Studios LTD

Notes to the Unaudited Financial Statements for the Period from 22 February 2023 to 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

 

Insidious Studios LTD

Notes to the Unaudited Financial Statements for the Period from 22 February 2023 to 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,000

3,000

At 29 February 2024

3,000

3,000

Depreciation

Charge for the period

600

600

At 29 February 2024

600

600

Carrying amount

At 29 February 2024

2,400

2,400

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

4,359

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

100

100

   

7

Dividends

Final dividends paid

2024
£

Final dividend of £142.54 per each Ordinary Shares

14,254

 

8

Related party transactions

 

Insidious Studios LTD

Notes to the Unaudited Financial Statements for the Period from 22 February 2023 to 29 February 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

9,096