Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01No description of principal activity1510falsetruefalse 12346082 2024-01-01 2024-12-31 12346082 2023-01-01 2023-12-31 12346082 2024-12-31 12346082 2023-12-31 12346082 c:Director2 2024-01-01 2024-12-31 12346082 d:FurnitureFittings 2024-01-01 2024-12-31 12346082 d:FurnitureFittings 2024-12-31 12346082 d:FurnitureFittings 2023-12-31 12346082 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12346082 d:ComputerEquipment 2024-01-01 2024-12-31 12346082 d:ComputerEquipment 2024-12-31 12346082 d:ComputerEquipment 2023-12-31 12346082 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12346082 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12346082 d:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 12346082 d:ComputerSoftware 2024-12-31 12346082 d:ComputerSoftware 2023-12-31 12346082 d:CurrentFinancialInstruments 2024-12-31 12346082 d:CurrentFinancialInstruments 2023-12-31 12346082 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12346082 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12346082 d:ShareCapital 2024-12-31 12346082 d:ShareCapital 2023-12-31 12346082 d:RetainedEarningsAccumulatedLosses 2024-12-31 12346082 d:RetainedEarningsAccumulatedLosses 2023-12-31 12346082 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12346082 c:OrdinaryShareClass1 2024-12-31 12346082 c:FRS102 2024-01-01 2024-12-31 12346082 c:Audited 2024-01-01 2024-12-31 12346082 c:FullAccounts 2024-01-01 2024-12-31 12346082 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12346082 d:WithinOneYear 2024-12-31 12346082 d:WithinOneYear 2023-12-31 12346082 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12346082 7 2024-01-01 2024-12-31 12346082 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12346082 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12346082














KIKI STUDIO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
KIKI STUDIO LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 8


 
KIKI STUDIO LIMITED
REGISTERED NUMBER:12346082

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,133
4,265

Tangible assets
 5 
16,360
10,477

  
18,493
14,742

Current assets
  

Debtors: amounts falling due within one year
 6 
2,655,814
1,764,753

Bank and cash balances
  
96,411
37,338

Current liabilities
  
2,752,225
1,802,091

Creditors: amounts falling due within one year
 7 
(2,158,948)
(1,389,256)

Net current assets
  
 
 
593,277
 
 
412,835

  

Net assets
  
611,770
427,577


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
611,769
427,576

  
611,770
427,577


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.




T Seydoux
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Kiki Studio Limited is a private limited liability company registered in England and Wales. Its registered
office is at First Floor, 85 Great Portland Street, London, W1W 7LT and business office is at Huckletree Soho, Basement - Second Floor, Ingestre Court Basement, Ingestre PI, London W1F 0JL.
The principal activity of the company is that of designing restaurants.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the
period, exclusive of Value Added Tax. Turnover consists of design services fees, which are
recognised over the period the service is provided. 

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
3
years

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
5
years
Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.6

Basic financial instruments


The company enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans with related parties. Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


 
2.7

Foreign currency translation

The Company's functional and presentational currency is £ Sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

Page 3

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 10).

Page 4

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Website

£



Cost


At 1 January 2024
6,397



At 31 December 2024

6,397



Amortisation


At 1 January 2024
2,132


Charge for the year on owned assets
2,132



At 31 December 2024

4,264



Net book value



At 31 December 2024
2,133



At 31 December 2023
4,265





Page 5

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 January 2024
2,340
57,516
59,856


Additions
-
13,951
13,951



At 31 December 2024

2,340
71,467
73,807



Depreciation


At 1 January 2024
1,641
47,738
49,379


Charge for the year on owned assets
450
7,618
8,068



At 31 December 2024

2,091
55,356
57,447



Net book value



At 31 December 2024
249
16,111
16,360



At 31 December 2023
699
9,778
10,477


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
624,576
505,540

Other debtors
93,255
30,349

Prepayments and accrued income
1,937,983
1,228,864

2,655,814
1,764,753


Page 6

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
43,941
119,580

Amounts owed to group undertakings
2,021,927
1,160,656

Other taxation and social security
31,392
23,457

Other creditors
31,519
36,038

Accruals and deferred income
30,169
49,525

2,158,948
1,389,256



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



9.


Pension commitments

The company contributed to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,781 (2023 - (£12,370)). At the Statement of Financial Position date the company owed £2,935 (2023 - £8,928) to the pension fund.


10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
140,256
129,600


11.


Controlling party

The company's immediate parent undertaking is Big Mamma Food S.A.S., a company registered in France.
The company's ultimate parent undertaking is Metropolitan Properties International s.r.o., a company registered in Czechia with registered office address Ke Kaplance 60, zip code160, Prague, Czech Republic.

Page 7

 
KIKI STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 10 April 2025 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 8