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REGISTERED NUMBER: 06678432 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NEST STUDIOS LTD

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEST STUDIOS LTD

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: D Demetriou
Jason Rutter
S Redmond





REGISTERED OFFICE: Prospect Barns
Wedgnock
Warwick
Warwickshire
CV35 7PX





REGISTERED NUMBER: 06678432 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 11,680 1,608
Tangible assets 5 54,956 57,324
66,636 58,932

CURRENT ASSETS
Debtors 6 2,329,887 1,823,612
Cash at bank and in hand 2,263,546 1,529,899
4,593,433 3,353,511
CREDITORS
Amounts falling due within one year 7 2,372,749 1,751,649
NET CURRENT ASSETS 2,220,684 1,601,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,287,320

1,660,794

CREDITORS
Amounts falling due after more than one
year

8

-

(31,710

)

PROVISIONS FOR LIABILITIES (16,659 ) (11,197 )

ACCRUALS AND DEFERRED INCOME (119 ) (178 )
NET ASSETS 2,270,542 1,617,709

CAPITAL AND RESERVES
Called up share capital 120 126
Share premium 9 22,494 22,494
Capital redemption reserve 9 6 -
Retained earnings 9 2,247,922 1,595,089
2,270,542 1,617,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

BALANCE SHEET - continued
30 November 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





D Demetriou - Director


NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Nest Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023 12,441
Additions 15,670
Disposals (4,401 )
At 30 November 2024 23,710
AMORTISATION
At 1 December 2023 10,833
Charge for year 5,598
Eliminated on disposal (4,401 )
At 30 November 2024 12,030
NET BOOK VALUE
At 30 November 2024 11,680
At 30 November 2023 1,608

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 143,351
Additions 17,358
Disposals (18,009 )
At 30 November 2024 142,700
DEPRECIATION
At 1 December 2023 86,027
Charge for year 17,812
Eliminated on disposal (16,095 )
At 30 November 2024 87,744
NET BOOK VALUE
At 30 November 2024 54,956
At 30 November 2023 57,324

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,650,625 1,333,372
Other debtors 679,262 490,240
2,329,887 1,823,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,996 54,348
Trade creditors 427,846 287,815
Taxation and social security 599,674 343,754
Other creditors 1,312,233 1,065,732
2,372,749 1,751,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 31,710

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 December 2023 1,595,089 22,494 - 1,617,583
Profit for the year 1,774,321 1,774,321
Dividends (861,488 ) (861,488 )
Purchase of own shares (260,000 ) - 6 (259,994 )
At 30 November 2024 2,247,922 22,494 6 2,270,422

10. RELATED PARTY DISCLOSURES

At 30 November 2024 other creditors include loans made to the company by it's directors as follows:

2024 2023
£    £   

D Demetriou 2,368 1,848
J Rutter 2,243 1,723
S Redmond 2,368 1,848

The loans are interest free with no fixed date for repayment.

NEST STUDIOS LTD (REGISTERED NUMBER: 06678432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


11. CONTROLLING PARTY

The controlling party is the directors.