Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-314The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2023-02-01falseNo description of principal activity4 13875746 2023-02-01 2024-01-31 13875746 2022-01-27 2023-01-31 13875746 2024-01-31 13875746 2023-01-31 13875746 c:Director1 2023-02-01 2024-01-31 13875746 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 13875746 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-31 13875746 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-31 13875746 d:CurrentFinancialInstruments 2024-01-31 13875746 d:CurrentFinancialInstruments 2023-01-31 13875746 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13875746 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13875746 d:ShareCapital 2024-01-31 13875746 d:ShareCapital 2023-01-31 13875746 d:RetainedEarningsAccumulatedLosses 2024-01-31 13875746 d:RetainedEarningsAccumulatedLosses 2023-01-31 13875746 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13875746 c:OrdinaryShareClass1 2024-01-31 13875746 c:OrdinaryShareClass1 2023-01-31 13875746 c:FRS102 2023-02-01 2024-01-31 13875746 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13875746 c:FullAccounts 2023-02-01 2024-01-31 13875746 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13875746 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-02-01 2024-01-31 13875746 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13875746









HATCHWORK STUDIOS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HATCHWORK STUDIOS LTD
REGISTERED NUMBER: 13875746

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
  
295,669
322,697

  
295,669
322,697

Current assets
  

Debtors: amounts falling due within one year
 5 
388
205

  
388
205

Creditors: amounts falling due within one year
 6 
(16,163)
(93,463)

Net current liabilities
  
 
 
(15,775)
 
 
(93,258)

Total assets less current liabilities
  
279,894
229,439

  

Net assets
  
279,894
229,439


Capital and reserves
  

Called up share capital 
 7 
4
4

Profit and loss account
  
279,890
229,435

  
279,894
229,439


Page 1

 
HATCHWORK STUDIOS LTD
REGISTERED NUMBER: 13875746
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2025.




E B Briggs
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HATCHWORK STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Hatchwork Studios Limited is a private company limited by shares, registered in England and Wales (registered number: 13875746). The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


Page 3

 
HATCHWORK STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
HATCHWORK STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Digital Assets

£



Cost


At 1 February 2023
335,830


Additions
161,556


Disposals
(201,717)



At 31 January 2024

295,669






Net book value



At 31 January 2024
295,669



At 31 January 2023
335,830




5.


Debtors

2024
2023
£
£


Other debtors
388
205

388
205



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
86,213

Other creditors
1,663
-

Accruals and deferred income
14,500
7,250

16,163
93,463


Page 5

 
HATCHWORK STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary Shares shares of £1.00 each
4
4


 
Page 6