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REGISTERED NUMBER: 11707257 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Studio S&R Limited

Studio S&R Limited (Registered number: 11707257)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Studio S&R Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R J Blunsom
S B Doran





REGISTERED OFFICE: Littlemead Business Centre
Tangmere Road
Tangmere
Chichester
PO20 2EU





REGISTERED NUMBER: 11707257 (England and Wales)





ACCOUNTANTS: SO Accounting Limited
Chartered Accountants
2 Harris Close
Frome
Somerset
BA11 5JY

Studio S&R Limited (Registered number: 11707257)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 274,739 279,244

CURRENT ASSETS
Debtors 5 4,516 65,239
Cash at bank 52 104
4,568 65,343
CREDITORS
Amounts falling due within one year 6 136,289 216,086
NET CURRENT LIABILITIES (131,721 ) (150,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,018

128,501

CREDITORS
Amounts falling due after more than
one year

7

63,028

74,264
NET ASSETS 79,990 54,237

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,890 54,137
79,990 54,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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

Studio S&R Limited (Registered number: 11707257)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by:





R J Blunsom - Director


Studio S&R Limited (Registered number: 11707257)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Studio S&R 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.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance

Land is estimated to have carrying value of £75,000 and therefore this amount in freehold property has had no depreciation applied.

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 S&R Limited (Registered number: 11707257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 296,608 457 297,065
DEPRECIATION
At 1 October 2023 17,729 92 17,821
Charge for year 4,432 73 4,505
At 30 September 2024 22,161 165 22,326
NET BOOK VALUE
At 30 September 2024 274,447 292 274,739
At 30 September 2023 278,879 365 279,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 433 55,239
Amounts owed by group undertakings 4,083 -
Other debtors - 10,000
4,516 65,239

Studio S&R Limited (Registered number: 11707257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 18,984 19,104
Amounts owed to group undertakings 88,827 179,178
Taxation and social security 26,728 17,104
Other creditors 1,750 700
136,289 216,086

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 63,028 74,264

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 82,012 93,368

Bank borrowings are secured by way of a fixed charge over the Company's Freehold Premises

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.