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Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Atar Studios Limited

Atar Studios Limited (Registered number: 12448571)

Contents of the Financial Statements
for the Year Ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Atar Studios Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: C Massoudi
R T Lloyd





SECRETARY: C Massoudi





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 12448571 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Atar Studios Limited (Registered number: 12448571)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96 96
Investments 5 100 100
196 196

CURRENT ASSETS
Stocks - 625
Debtors 6 806 15,612
Cash at bank and in hand 155 1,749
961 17,986
CREDITORS
Amounts falling due within one year 7 111,405 153,519
NET CURRENT LIABILITIES (110,444 ) (135,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,248

)

(135,337

)

CAPITAL AND RESERVES
Called up share capital 8 294 255
Share premium 9 124,961 -
Retained earnings 9 (235,503 ) (135,592 )
SHAREHOLDERS' FUNDS (110,248 ) (135,337 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 21 November 2024 and were signed on its behalf by:





C Massoudi - Director


Atar Studios Limited (Registered number: 12448571)

Notes to the Financial Statements
for the Year Ended 28 February 2024


1. STATUTORY INFORMATION

Atar Studios 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.
Fixtures and fittings - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

Going concern
The accounts are drawn up on a going concern basis in that the directors believe they can raise funds if required to meet future project costs.Overheads are only incurred when funding allows.

3. EMPLOYEES AND DIRECTORS

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

Atar Studios Limited (Registered number: 12448571)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 128
Additions 59
At 28 February 2024 187
DEPRECIATION
At 1 March 2023 32
Charge for year 59
At 28 February 2024 91
NET BOOK VALUE
At 28 February 2024 96
At 28 February 2023 96

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 28 February 2024 100
NET BOOK VALUE
At 28 February 2024 100
At 28 February 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 15,000
VAT 194 -
Prepayments 612 612
806 15,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,203 -
Trade creditors 3,539 280
Social security and other taxes 3,272 4,095
VAT - 3,042
Other creditors 88,333 125,000
Directors' current accounts 11,858 13,078
Accrued expenses 3,200 8,024
111,405 153,519

Atar Studios Limited (Registered number: 12448571)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
29,365 Ordinary shares 1p 294 255

3,865 Ordinary shares shares of 1p each were allotted as fully paid at a premium of £32.33 per share during the year.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (135,592 ) - (135,592 )
Deficit for the year (99,911 ) (99,911 )
Cash share issue - 124,961 124,961
At 28 February 2024 (235,503 ) 124,961 (110,542 )