HOFSTUDIOS LTD

Company Registration Number:
12478068 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2025

Period of accounts

Start date: 01 March 2024

End date: 28 February 2025

HOFSTUDIOS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

HOFSTUDIOS LTD

Company Information

for the Period Ended 28 February 2025




Director: D M Kamara
Registered office: 197
Simms Road
London
England
SE1 5LP
Company Registration Number: 12478068 (England and Wales)

HOFSTUDIOS LTD

Directors' Report Period Ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Political and charitable donations

The company did not make any disclosable political donations in the current financial year.

Company policy on the employment of disabled persons

It is the policy of the Company, where possible, to give full and fair consideration to disabled persons in their applications for employment within the Company and continuing the employment of, and arranging training for, employees who have become disabled persons whilst employed and otherwise for the training, career development and promotion of disabled persons.

Additional information

The director is responsible for preparing the annual report and the financial statements in accordance with applicable United Kingdom law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has prepared the company financial statements, in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standards FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that year. In preparing these financial statements the directors are required to: -select suitable accounting policies in accordance with Section 10 of FRS 102 and then apply them consistently; -make judgements and accounting estimates that are reasonable and prudent; -present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information; -provide additional disclosures when compliance with the specific requirements in FRS 102 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the group and company financial position and financial performance; -in respect of the company financial statements state whether UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the Company financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Under applicable law and regulations, the director is also responsible for preparing a Directors’ Report, which comply with that law and those regulations. The director is responsible for the maintenance and integrity of the corporate and financial information included on the Company’s website.

Directors

The directors shown below have held office during the whole of the period from 01 March 2024 to 28 February 2025
D M Kamara

This report was approved by the board of directors on 1 July 2025
And Signed On Behalf Of The Board By:

Name: D M Kamara
Status: Director

HOFSTUDIOS LTD

Balance sheet

As at 28 February 2025


Notes

2025
£

2024
£
Fixed assets
Intangible assets: 4 18,703 4,003
Tangible assets: 5 2,400 2,400
Total fixed assets: 21,103 6,403
Current assets
Stocks: 158 120
Debtors: 5,042 4,042
Cash at bank and in hand: 597 455
Total current assets: 5,797 4,617
Prepayments and accrued income: 2,400 855
Creditors: amounts falling due within one year: ( 1,301 ) ( 665 )
Net current assets (liabilities): 6,896 4,807
Total assets less current liabilities: 27,999 11,210
Creditors: amounts falling due after more than one year: ( 21,700 ) ( 7,000 )
Total net assets (liabilities): 6,299 4,210

The notes form part of these financial statements

HOFSTUDIOS LTD

Balance sheet continued

As at 28 February 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 5,299 3,210
Shareholders funds: 6,299 4,210

For the year ending 28 February 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 July 2025
And Signed On Behalf Of The Board By:

Name: D M Kamara
Status: Director

The notes form part of these financial statements

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    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.
    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:

    Fixtures and fittings - 5 years
    Computers - 5 years
    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.

    Intangible fixed assets amortisation policy

    Intangible assets other than goodwill represents the Development Costs. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Development over 10 years straight line basis

    Other accounting policies

    The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset, and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 0 0

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 3. Off balance sheet disclosure

    No

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 4. Intangible assets

    Total
    Cost £
    At 01 March 2024 4,003
    Additions 14,700
    Disposals -
    Revaluations -
    Transfers -
    At 28 February 2025 18,703
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 28 February 2025 -
    Net book value
    Net book value at 28 February 2025 18,703
    Net book value at 29 February 2024 4,003

    Intangible assets represents the Development (Branding Photographic, Video Editing, Website Design & HofStudios Developer)Costs

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Tangible Assets

Total
Cost £
At 01 March 2024 2,400
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2025 2,400
Depreciation
At 01 March 2024 -
Charge for year -
On disposals -
Other adjustments -
At 28 February 2025 -
Net book value
At 28 February 2025 2,400
At 29 February 2024 2,400

HOFSTUDIOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 6. Post balance sheet events

    There have been no events between the balance sheet date, and the date on which the financial statements were approved by the Board, which would require adjustment to the financial statements or any additional disclosures.