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REGISTERED NUMBER: 10716531 (England and Wales)















Unaudited Financial Statements

For The Period 1 April 2023 to 26 March 2024

for

The Soho Studio Project Ltd

The Soho Studio Project Ltd (Registered number: 10716531)






Contents of the Financial Statements
For The Period 1 April 2023 to 26 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Soho Studio Project Ltd

Company Information
For The Period 1 April 2023 to 26 March 2024







DIRECTOR: N J Hartwright





REGISTERED OFFICE: c/o The Factory Project Ltd
4 Thameside Industrial Estate
Factory Road
London
E16 2HB





REGISTERED NUMBER: 10716531 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

The Soho Studio Project Ltd (Registered number: 10716531)

Balance Sheet
26 March 2024

26.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 119

CURRENT ASSETS
Debtors 5 455,264 455,133
Cash at bank 9,036 7,217
464,300 462,350
CREDITORS
Amounts falling due within one year 6 728,234 632,960
NET CURRENT LIABILITIES (263,934 ) (170,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(263,934

)

(170,491

)

CREDITORS
Amounts falling due after more than one
year

7

30,193

35,356
NET LIABILITIES (294,127 ) (205,847 )

RESERVES
Retained earnings (294,127 ) (205,847 )
MEMBERS' FUNDS (294,127 ) (205,847 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 July 2025 and were signed by:



N J Hartwright - Director


The Soho Studio Project Ltd (Registered number: 10716531)

Notes to the Financial Statements
For The Period 1 April 2023 to 26 March 2024

1. STATUTORY INFORMATION

The Soho Studio Project Ltd is a private company, limited by guarantee , 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.

Going concern
Although the company is insolvent, the accounts are prepared on a going concern basis as it is the directors' view that the company can meet its obligations for the foreseeable future.

Turnover
Turnover represents the rental and service income arising from the use of the premises provided by the company to its customers. Income is recognised on a time- elapsed basis where rental cover longer periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The Company has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Leasing commitments
Rentals payable under operating lease agreements are charged to the profit and loss account evenly over the life of the leases.

The Soho Studio Project Ltd (Registered number: 10716531)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 26 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 26 March 2024 108,230 3,741 2,141 114,112
DEPRECIATION
At 1 April 2023 108,230 3,741 2,022 113,993
Charge for period - - 119 119
At 26 March 2024 108,230 3,741 2,141 114,112
NET BOOK VALUE
At 26 March 2024 - - - -
At 31 March 2023 - - 119 119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 31.3.23
£    £   
Trade debtors 7,350 26,991
Other debtors 369,295 332,163
Directors' current accounts 2,025 -
VAT 13,132 17,248
Prepayments 63,462 78,731
455,264 455,133

The Soho Studio Project Ltd (Registered number: 10716531)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 26 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,162 5,162
Trade creditors 100,248 99,024
Social security and other taxes 8,552 8,552
Other creditors 402,860 303,796
Directors' current accounts - 4,974
Accruals and deferred income 211,412 211,452
728,234 632,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.3.24 31.3.23
£    £   
Bank loans 30,193 35,356

8. OTHER FINANCIAL COMMITMENTS

At 31st March 2024, the company had total commitments under non-cancellable operating leases over the
remaining life of those leases of £643,750.