Studio M Projects Ltd

Studio M Projects Ltd
Contents Page
For the Period 01 June 2023 to 29 May 2024

Statement of financial position	1
Notes to the financial statements	2

Studio M Projects Ltd
Statement of Financial Position
As at 29 May 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	0	4,102
		0	4,102
Current assets
Creditors: amount falling due within one year		(103,569)	(86,647)
Net current assets		(103,569)	(86,647)

Total assets less current liabilities		(103,569)	(82,545)
Net assets		(103,569)	(82,545)

Capital and reserves
Profit and loss account		(103,569)	(82,545)
Shareholders' funds		(103,569)	(82,545)

For the period ended 29 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 24 May 2025 and were signed by:

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Hazel Marchant
Director

1

Studio M Projects Ltd
Notes to the Abridged Financial Statements
For the Period 01 June 2023 to 29 May 2024

General Information

Studio M Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 12601246, registration address C/O Burton Varley Ltd , Suite 3, 2nd Floor, Didsbury House, 748-754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – 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.

Change in accounting policy

Amendment to the treatment of the brought forward fixed assets.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

20% Reducing Balance

2.	Average number of employees Average number of employees during the period was 1 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 June 2023	5,260	5,260
Additions	-	-
Disposals	(5,260)	(5,260)
At 29 May 2024	-	-
Depreciation
At 01 June 2023	1,158	1,158
Charge for period	-	-
On disposals	(1,158)	(1,158)
At 29 May 2024	-	-
Net book values
Closing balance as at 29 May 2024	-	-
Opening balance as at 01 June 2023	4,102	4,102

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 12601246
England and Wales
STUDIO M PROJECTS LTD

Abridged Accounts

Period of accounts Start date: 01 June 2023 End date: 29 May 2024