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Registered Number: 10520067
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2024

for

SET SAIL STUDIOS LTD

  2024   2023
    £ £   £ £
Fixed assets   1,668      1,133 
Current assets 1,137,510      1,260,328   
Creditors: amount falling due within one year (15,120)     (113,349)  
Net current assets   1,122,390      1,146,979 
Total assets less current liabilities   1,124,058      1,148,112 
Net assets   1,124,058      1,148,112 
 

         
Capital and reserves   1,124,058      1,148,112 
 
NOTES TO THE ACCOUNTS

General Information
SET SAIL STUDIOS LTD is a private company, limited by shares, registered in England and Wales, registration number 10520067, registration address 124 City Road, London, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).

3.

Advances and Credits



S Parrett and L Burnam-Richards


Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
S Parrett and L Burnam-Richards176,991 485,007 502,480 159,518 
176991485007050248000159518
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
S Parrett and L Burnam-Richards(5,716)284,975 102,268 176,991 
-5716284975010226800176991

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 10 March 2025 and were signed on its behalf by:


--------------------------------
Samuel Parrett
Director
1