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REGISTERED NUMBER: 02099731 (England and Wales)















PAULO STUDIOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025






PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 346,817 392,649

CURRENT ASSETS
Debtors 5 502,357 273,249
Cash at bank 161,791 346,712
664,148 619,961
CREDITORS
Amounts falling due within one year 6 (354,643 ) (254,970 )
NET CURRENT ASSETS 309,505 364,991
TOTAL ASSETS LESS CURRENT LIABILITIES 656,322 757,640

CREDITORS
Amounts falling due after more than one
year

7

(8,317

)

(18,333

)

PROVISIONS FOR LIABILITIES (31,467 ) (43,315 )
NET ASSETS 616,538 695,992

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 616,338 695,792
SHAREHOLDERS' FUNDS 616,538 695,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

BALANCE SHEET - continued
31 MARCH 2025


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 4 July 2025 and were signed on its behalf by:





Ms G Paulo - Director


PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Paulo Studios Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02099731

Registered office: Park Royal Studios
1 Barretts Green Road
London
NW10 7AE

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements
are rounded to the nearest Pound.

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.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life, less its residual value.

Tenants Alterations - 10% on cost
Plant and machinery - 15% - 20% on cost
Fixtures and fittings - 10 - 20% on cost
Motor vehicles - 20% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


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.

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 the income statement in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and Motor
Alterations machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 296,311 297,841 122,329 3,500 719,981
DEPRECIATION
At 1 April 2024 72,747 202,884 48,201 3,500 327,332
Charge for year 25,764 8,590 11,478 - 45,832
At 31 March 2025 98,511 211,474 59,679 3,500 373,164
NET BOOK VALUE
At 31 March 2025 197,800 86,367 62,650 - 346,817
At 31 March 2024 223,564 94,957 74,128 - 392,649

PAULO STUDIOS LIMITED (REGISTERED NUMBER: 02099731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 231,234 208,234
Other debtors 99,438 58,565
Prepayments and accrued income 171,685 6,450
502,357 273,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans 10,018 10,000
Trade creditors 286,751 120,382
Corporation tax - 34,855
Other tax and social security 11,451 28,958
Other creditors 32,151 55,174
Accruals and deferred income 14,272 5,601
354,643 254,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 8,317 18,333

The company has a bank loan with Barclays Bank UK PLC. The annual interest for the loan is at a rate of 2.5% payable by instalments.

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 18,335 28,333

There is a fixed and floating charge in favour of Barclays Bank PLC. This is secured on the assets of the company.