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Company Registration No. 13840638 (England and Wales)
Studiosidechain Ltd Unaudited accounts for the year ended 31 August 2024
Studiosidechain Ltd Unaudited accounts Contents
Page
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Studiosidechain Ltd Company Information for the year ended 31 August 2024
Director
Rebecca Claudia Perfect
Company Number
13840638 (England and Wales)
Registered Office
14 Braxted Park London London SW16 3DW England
Accountants
Collective Concepts Accounting Ltd
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Studiosidechain Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,063 
2,483 
Tangible assets
417 
731 
2,480 
3,214 
Current assets
Debtors
1,528 
2,337 
Cash at bank and in hand
10,493 
10,194 
12,021 
12,531 
Creditors: amounts falling due within one year
(14,393)
(8,358)
Net current (liabilities)/assets
(2,372)
4,173 
Net assets
108 
7,387 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
98 
7,377 
Shareholders' funds
108 
7,387 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Rebecca Claudia Perfect Director Company Registration No. 13840638
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Studiosidechain Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Studiosidechain Ltd is a private company, limited by shares, registered in England and Wales, registration number 13840638. The registered office is 14 Braxted Park, London, London, SW16 3DW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets such as digital assets are included using the revaluation model, this being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line method
Going concern
The financial statement have been prepared on a going concern basis on the grounds that the Director has confirmed she will continue to support the company
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Studiosidechain Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
4,198 
At 31 August 2024
4,198 
Amortisation
At 1 September 2023
1,715 
Charge for the year
420 
At 31 August 2024
2,135 
Net book value
At 31 August 2024
2,063 
At 31 August 2023
2,483 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
929 
At 31 August 2024
929 
Depreciation
At 1 September 2023
198 
Charge for the year
314 
At 31 August 2024
512 
Net book value
At 31 August 2024
417 
At 31 August 2023
731 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,255 
Trade debtors
135 
- 
Accrued income and prepayments
165 
82 
Other debtors
1,228 
- 
1,528 
2,337 
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Studiosidechain Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
981 
Amounts owed to group undertakings and other participating interests
3,090 
- 
Taxes and social security
- 
7,364 
Loans from directors
11,053 
13 
Accruals
250 
- 
14,393 
8,358 
8
Transactions with related parties
At the end of the year The entity owed to below Related parties, £3,090 (2023: Nil) to Lumino Solutions Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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