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REGISTERED NUMBER: 09869122 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STUDIO 55 (WARRINGTON) LIMITED

STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDIO 55 (WARRINGTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs H Foden
B W Foden





REGISTERED OFFICE: 1st Floor, 264 Manchester Rd
Warrington
Cheshire
WA1 3RB





REGISTERED NUMBER: 09869122 (England and Wales)





ACCOUNTANTS: WatkinsonBlack
1st Floor
264 Manchester Road
Warrington
Cheshire
WA1 3RB

STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,188 121,585

CURRENT ASSETS
Stocks 300 500
Debtors 5 4,000 4,000
Cash at bank and in hand 1,754 8,239
6,054 12,739
CREDITORS
Amounts falling due within one year 6 50,833 50,457
NET CURRENT LIABILITIES (44,779 ) (37,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,409

83,867

CREDITORS
Amounts falling due after more than one
year

7

84,822

90,206
NET LIABILITIES (8,413 ) (6,339 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,414 ) (6,340 )
SHAREHOLDERS' FUNDS (8,413 ) (6,339 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




Mrs H Foden - Director



B W Foden - Director


STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Studio 55 (Warrington) 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 120,000 5,581 125,581
DEPRECIATION
At 1 December 2022 - 3,996 3,996
Charge for year - 397 397
At 30 November 2023 - 4,393 4,393
NET BOOK VALUE
At 30 November 2023 120,000 1,188 121,188
At 30 November 2022 120,000 1,585 121,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 4,000 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 12,168 12,167
Taxation and social security 2,310 1,602
Other creditors 36,355 36,688
50,833 50,457

STUDIO 55 (WARRINGTON) LIMITED (REGISTERED NUMBER: 09869122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 84,822 90,206

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 74,298 76,379
NatWest Loan 10,524 13,827
84,822 90,206