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REGISTERED NUMBER: 08796997 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

THE BRIGHTON AND HOVE STUDIO LTD

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BRIGHTON AND HOVE STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: O Hearsey
X Kingsley





REGISTERED OFFICE: The Brighton Studio Units B-E
Level 2 South, New England House
New England Street
Brighton
East Sussex
BN1 4GH





REGISTERED NUMBER: 08796997 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,640 66,641

CURRENT ASSETS
Debtors 5 39,966 44,790
Cash at bank 106,841 91,196
146,807 135,986
CREDITORS
Amounts falling due within one year 6 50,131 65,233
NET CURRENT ASSETS 96,676 70,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,316

137,394

CREDITORS
Amounts falling due after more than one
year

7

(4,640

)

(11,380

)

PROVISIONS FOR LIABILITIES 9 (19,200 ) (16,154 )
NET ASSETS 151,476 109,860

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,474 109,858
151,476 109,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




O Hearsey - Director



X Kingsley - Director


THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

The Brighton And Hove Studio Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2023 89,739 52,318 29,681 171,738
Additions - 16,835 12,944 29,779
At 30 November 2024 89,739 69,153 42,625 201,517
DEPRECIATION
At 1 December 2023 43,573 44,134 17,390 105,097
Charge for year 9,230 4,524 4,026 17,780
At 30 November 2024 52,803 48,658 21,416 122,877
NET BOOK VALUE
At 30 November 2024 36,936 20,495 21,209 78,640
At 30 November 2023 46,166 8,184 12,291 66,641

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 19,549
Additions 11,519
At 30 November 2024 31,068
DEPRECIATION
At 1 December 2023 13,483
Charge for year 3,119
At 30 November 2024 16,602
NET BOOK VALUE
At 30 November 2024 14,466
At 30 November 2023 6,066

THE BRIGHTON AND HOVE STUDIO LTD (REGISTERED NUMBER: 08796997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,864 16,199
Other debtors 25,616 24,145
Prepayments 5,486 4,446
39,966 44,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,400 8,235
Hire purchase contracts 5,760 3,288
Tax 20,855 14,123
Social security and other taxes - (129 )
VAT 15,580 11,185
Directors' current accounts 146 26,989
Accrued expenses 1,390 1,542
50,131 65,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 3,200 9,600
Hire purchase contracts 1,440 1,780
4,640 11,380

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,600 17,835

There are fixed and floating charges in place over the company's assets as security in relation to the bank loans.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,200 16,154

Deferred
tax
£   
Balance at 1 December 2023 16,154
Provided during year 3,046
Balance at 30 November 2024 19,200