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REGISTERED NUMBER: 07858969 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Studio Hundreds Limited

Studio Hundreds Limited (Registered number: 07858969)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Studio Hundreds Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Pike





REGISTERED OFFICE: 5 Princes Drive
Oxshott
Leatherhead
KT22 0UL





REGISTERED NUMBER: 07858969 (England and Wales)






Studio Hundreds Limited (Registered number: 07858969)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,514 23,875
Investment property 5 3,829,976 3,829,976
3,859,490 3,853,851

CURRENT ASSETS
Debtors 6 253,195 252,623
Cash at bank and in hand 12,220 63,292
265,415 315,915
CREDITORS
Amounts falling due within one year 7 2,098,182 2,127,895
NET CURRENT LIABILITIES (1,832,767 ) (1,811,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,026,723

2,041,871

CREDITORS
Amounts falling due after more than
one year

8

878,391

1,000,672
NET ASSETS 1,148,332 1,041,199

Studio Hundreds Limited (Registered number: 07858969)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,147,332 1,040,199
SHAREHOLDERS' FUNDS 1,148,332 1,041,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 January 2025 and were signed by:





N Pike - Director


Studio Hundreds Limited (Registered number: 07858969)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Studio Hundreds 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 represents net rents receivable excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are included in the balance sheet at market value as valued by the directors.

No depreciation is provided in respect of freehold investment properties. Although the Companies Act 2006 would normally require the systematic annual depreciation of fixed assets, the directors believe that this policy of not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current value of investment properties, and changes in that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.


Studio Hundreds Limited (Registered number: 07858969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 99,395
Additions 15,477
At 31 March 2024 114,872
DEPRECIATION
At 1 April 2023 75,520
Charge for year 9,838
At 31 March 2024 85,358
NET BOOK VALUE
At 31 March 2024 29,514
At 31 March 2023 23,875

Studio Hundreds Limited (Registered number: 07858969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,829,976
NET BOOK VALUE
At 31 March 2024 3,829,976
At 31 March 2023 3,829,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,048 19,981
Other debtors 233,147 232,642
253,195 252,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 2,029,962 2,015,816
Taxation and social security 37,694 33,410
Other creditors 30,526 78,669
2,098,182 2,127,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 878,391 1,000,672

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

Studio Hundreds Limited (Registered number: 07858969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of AIM Internet Investments Limited, a company under the control of Mr. N. Pike.