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Registered number: 06580066
Hallway Studios Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06580066
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,101 4,890
Investments 5 114,296 206
143,397 5,096
CURRENT ASSETS
Debtors 6 8,665 7,734
Cash at bank and in hand 274,512 311,572
283,177 319,306
Creditors: Amounts Falling Due Within One Year 7 (88,821 ) (60,752 )
NET CURRENT ASSETS (LIABILITIES) 194,356 258,554
TOTAL ASSETS LESS CURRENT LIABILITIES 337,753 263,650
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,605 ) (605 )
NET ASSETS 330,148 263,045
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 330,048 262,945
SHAREHOLDERS' FUNDS 330,148 263,045
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Hall
Director
20 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hallway Studios Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 06580066 . The registered office is The Trampery, 239 Old Street, London, England, EC1V 9EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 25% straight line
Motor vehicle 25% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
All investments are carried at cost. They are not revalued unless there is an active market in which a valuation cen be reliably determined.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 1 1
1 1
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4. Tangible Assets
Plant and machinery Motor vehicle Total
£ £ £
Cost
As at 1 May 2023 15,006 - 15,006
Additions - 31,858 31,858
As at 30 April 2024 15,006 31,858 46,864
Depreciation
As at 1 May 2023 10,116 - 10,116
Provided during the period 2,360 5,287 7,647
As at 30 April 2024 12,476 5,287 17,763
Net Book Value
As at 30 April 2024 2,530 26,571 29,101
As at 1 May 2023 4,890 - 4,890
5. Investments
Other
£
Cost
As at 1 May 2023 206
Additions 107,500
Revaluations 6,590
As at 30 April 2024 114,296
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 114,296
As at 1 May 2023 206
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,930 6,986
Other debtors 735 748
8,665 7,734
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,167 1,490
Other creditors 350 6,829
Taxation and social security 56,304 52,433
88,821 60,752
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