Kennet Studios Ltd 10728041 true 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is flat management Digita Accounts Production Advanced 6.30.9574.0 true M Brassington 10728041 2024-05-01 2025-04-30 10728041 2025-04-30 10728041 core:ShareCapital 2025-04-30 10728041 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 10728041 core:LandBuildings 2025-04-30 10728041 bus:FRS102 2024-05-01 2025-04-30 10728041 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10728041 bus:FullAccounts 2024-05-01 2025-04-30 10728041 bus:RegisteredOffice 2024-05-01 2025-04-30 10728041 bus:Director1 2024-05-01 2025-04-30 10728041 bus:EntityHasNeverTraded 2024-05-01 2025-04-30 10728041 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10728041 core:Buildings 2024-05-01 2025-04-30 10728041 countries:England 2024-05-01 2025-04-30 10728041 2024-04-30 10728041 core:LandBuildings 2024-04-30 10728041 2023-05-01 2024-04-30 10728041 2024-04-30 10728041 core:ShareCapital 2024-04-30 10728041 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10728041 core:LandBuildings 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 10728041

Kennet Studios Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

Kennet Studios Ltd

Profit and Loss Account for the Year Ended 30 April 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Kennet Studios Ltd

(Registration number: 10728041)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

13,500

13,500

Current assets

 

Cash at bank and in hand

 

8

8

Creditors: Amounts falling due within one year

4

(13,500)

(13,500)

Net current liabilities

 

(13,492)

(13,492)

Net assets

 

8

8

Capital and reserves

 

Called up share capital

5

8

8

Shareholders' funds

 

8

8

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 3 June 2025
 

.........................................
M Brassington
Director

 

Kennet Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
76 Kennet Close
Berinsfield
Wallingford
Oxfordshire
OX10 7QE

These financial statements were authorised for issue by the director on 3 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Kennet Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2024

13,500

13,500

At 30 April 2025

13,500

13,500

Depreciation

Carrying amount

At 30 April 2025

13,500

13,500

At 30 April 2024

13,500

13,500

Included within the net book value of land and buildings above is £13,500 (2024 - £13,500) in respect of freehold land and buildings.
 

4

Creditors

2025
£

2024
£

Due within one year

Other payables

13,500

13,500

5

Share capital

Allotted, called up and fully paid shares

 

Kennet Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

8

8

8

8

       

6

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).