Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312025-05-222024-10-312025-05-22false1false2023-11-01Business support service activities1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13689800 2023-11-01 2024-10-31 13689800 2022-11-01 2023-10-31 13689800 2024-10-31 13689800 2023-10-31 13689800 c:Director1 2023-11-01 2024-10-31 13689800 d:OfficeEquipment 2023-11-01 2024-10-31 13689800 d:OfficeEquipment 2024-10-31 13689800 d:OfficeEquipment 2023-10-31 13689800 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13689800 d:CurrentFinancialInstruments 2024-10-31 13689800 d:CurrentFinancialInstruments 2023-10-31 13689800 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 13689800 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13689800 d:ShareCapital 2024-10-31 13689800 d:ShareCapital 2023-10-31 13689800 d:RetainedEarningsAccumulatedLosses 2024-10-31 13689800 d:RetainedEarningsAccumulatedLosses 2023-10-31 13689800 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 13689800 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 13689800 c:FRS102 2023-11-01 2024-10-31 13689800 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13689800 c:FullAccounts 2023-11-01 2024-10-31 13689800 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13689800 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 13689800










STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Studio Swanworth Ltd (Formally Cade Abrahams Limited) for the year ended 31 October 2024 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Studio Swanworth Ltd (Formally Cade Abrahams Limited) in accordance with the terms of our engagement letter dated 1st September 2022Our work has been undertaken solely to prepare for your approval the financial statements of Studio Swanworth Ltd (Formally Cade Abrahams Limited) and state those matters that we have agreed to state to the director of Studio Swanworth Ltd (Formally Cade Abrahams Limited) in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studio Swanworth Ltd (Formally Cade Abrahams Limited) and its director for our work or for this report. 

It is your duty to ensure that Studio Swanworth Ltd (Formally Cade Abrahams Limited) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Studio Swanworth Ltd (Formally Cade Abrahams Limited). You consider that Studio Swanworth Ltd (Formally Cade Abrahams Limited) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Studio Swanworth Ltd (Formally Cade Abrahams Limited). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
22 May 2025
Page 1

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
REGISTERED NUMBER: 13689800

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
521
1,120

  
521
1,120

Current assets
  

Debtors: amounts falling due within one year
  
-
7,177

Cash at bank and in hand
  
32,035
30,277

  
32,035
37,454

Creditors: amounts falling due within one year
 6 
(32,306)
(32,262)

Net current (liabilities)/assets
  
 
 
(271)
 
 
5,192

Total assets less current liabilities
  
250
6,312

Provisions for liabilities
  

Deferred tax
 7 
(99)
(213)

  
 
 
(99)
 
 
(213)

Net assets
  
151
6,099


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
141
6,089

  
151
6,099


Page 2

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
REGISTERED NUMBER: 13689800
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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 profit and loss account 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 22 May 2025.




C Abrahams
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.3

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.

 
1.4

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 4

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)


1.4
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.

Depreciation is provided on the following basis:

Office equipment
-
33%

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.

 
1.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is 13689800
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

2024
2023
£
£

Wages and salaries
-
6,822

Social security costs
-
(4)

-
6,818


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2023
1,811



At 31 October 2024

1,811



Depreciation


At 1 November 2023
692


Charge for the year on owned assets
598



At 31 October 2024

1,290



Net book value



At 31 October 2024
521



At 31 October 2023
1,120


5.


Debtors

2024
2023
£
£


Other debtors
-
7,177

-
7,177



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
27,681
28,134

Other creditors
2,945
2,528

Accruals and deferred income
1,680
1,600

32,306
32,262


Page 7

 
STUDIO SWANWORTH LTD (FORMALLY CADE ABRAHAMS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Deferred taxation




2024


£






At beginning of year
(213)


Utilised in year
114



At end of year
(99)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(99)
(213)

(99)
(213)


8.


Prior year adjustment

During the period the client had to back date a VAT registration and therefore the accounts have been restated to reflect the VAT liability.


9.


Related party transactions

The amount due to the director Mr C Abrahams, and included in other creditors at the reporting date, was £2,945; (2022: £2,529).  The loan does not attract a rate of interest and is repayable on demand

 
Page 8