CAKE STUDIOS LTD

Company Registration Number:
07639975 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CAKE STUDIOS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

CAKE STUDIOS LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 263,859 263,610
Total fixed assets: 263,859 263,610
Current assets
Debtors: 4 25,479 50,521
Cash at bank and in hand: 1,825 11,494
Total current assets: 27,304 62,015
Creditors: amounts falling due within one year: 5 ( 68,582 ) ( 51,505 )
Net current assets (liabilities): (41,278) 10,510
Total assets less current liabilities: 222,581 274,120
Creditors: amounts falling due after more than one year: 6 ( 90,000 ) ( 90,000 )
Total net assets (liabilities): 132,581 184,120
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 132,579 184,118
Total Shareholders' funds: 132,581 184,120

The notes form part of these financial statements

CAKE STUDIOS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: Daniel Martyn
Status: Director

The notes form part of these financial statements

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Investment properties - stated at fair value, Fixtures, fittings and equipment - 25% reducing balance.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 261,252 19,383 280,635
Additions 1,118 1,118
Disposals
Revaluations
Transfers
At 31 March 2024 261,252 20,501 281,753
Depreciation
At 1 April 2023 17,025 17,025
Charge for year 869 869
On disposals
Other adjustments
At 31 March 2024 17,894 17,894
Net book value
At 31 March 2024 261,252 2,607 263,859
At 31 March 2023 261,252 2,358 263,610

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 25,102 50,521
Other debtors 377
Total 25,479 50,521

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 7,926 9,051
Taxation and social security 1,038 3,836
Other creditors 59,618 38,618
Total 68,582 51,505

CAKE STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 90,000 90,000
Total 90,000 90,000

The loan is secured on investment property held by the company and included in note 3.