Studious Investment Management Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 08514508 (England and Wales)
Studious Investment Management Limited
Company Information
Director
J S Rixson
Company number
08514508
Registered office
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Studious Investment Management Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Studious Investment Management Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
24,307
74,139
Cash at bank and in hand
2,394,747
2,679,227
2,419,054
2,753,366
Creditors: amounts falling due within one year
4
(83,132)
(554,132)
Net current assets
2,335,922
2,199,234
Creditors: amounts falling due after more than one year
5
(7,814)
(13,502)
Net assets
2,328,108
2,185,732
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
2,328,098
2,185,722
Total equity
2,328,108
2,185,732

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 21 March 2025
J S Rixson
Director
Company Registration No. 08514508
Studious Investment Management Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information

Studious Investment Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to trade in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover represents fees received and receivable for property consultancy work net of VAT.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the tax currently payable on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Studious Investment Management Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2023 - 2).

3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
20,980
65,208
Other debtors
3,327
8,931
24,307
74,139
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,690
5,551
Trade creditors
33,040
14,194
Corporation tax
23,428
475,042
Other taxation and social security
10,273
43,384
Other creditors
3,164
-
Accruals and deferred income
7,537
15,961
83,132
554,132
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,814
13,502
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 1p each
1,000
1,000
10
10

Ordinary shares have attached full voting, dividend and capital distribution rights, and do not confer any rights of redemption.

Studious Investment Management Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 4
7
Related party transactions

At the year end, there was a balance included in other creditors of £3,164 (2023: £5,584 in other debtors) due from the company to J S Rixson, the director and sole shareholder of the company.

 

During the year, the company made sales of £Nil (2023: £49,455) to Studious Building (Brighton) Limited, a company under common directorship. There was no balance outstanding at the year end.

 

During the year, the company made sales of £Nil (2023: £2,527,000) to Studious (Brighton) Limited, a company under common directorship. There was no balance outstanding at the year end.

 

During the year, the company made sales of £Nil (2023: £3,500) to The Exchange Leeds Limited, a company under common directorship. There was no balance outstanding at the year end.

 

During the year, the company made sales of £Nil (2023: £5,024) to The Chambers Leeds Limited, a company under common directorship. There was no balance outstanding at the year end.

 

During the year, the company made sales of £209,796 (2023: £174,830) to The Exchange Building Leeds Limited, a company under common directorship. At the year end a balance of £20,980 (2023: £20,979) was due to Studious Investment Management Limited.

 

During the year, the company made sales of £58,122 (2023: £96,870) to The Chambers Building Leeds Limited, a company under common directorship. At the year end a balance of £Nil (2023: £11,624) was due to Studious Investment Management Limited.

 

At the year end, there was a balance included in other debtors of £2,400 (2023: £2,400) due from Studious Capital Limited, a company under common directorship.

8
Controlling party

The company is controlled by the director J S Rixson.

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