Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12319125 2023-12-01 2024-11-30 12319125 2022-12-01 2023-11-30 12319125 2024-11-30 12319125 2023-11-30 12319125 2022-12-01 12319125 c:Director1 2023-12-01 2024-11-30 12319125 d:CurrentFinancialInstruments 2024-11-30 12319125 d:CurrentFinancialInstruments 2023-11-30 12319125 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 12319125 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12319125 d:ShareCapital 2024-11-30 12319125 d:ShareCapital 2023-11-30 12319125 d:ShareCapital 2022-12-01 12319125 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 12319125 d:RetainedEarningsAccumulatedLosses 2024-11-30 12319125 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 12319125 d:RetainedEarningsAccumulatedLosses 2023-11-30 12319125 d:RetainedEarningsAccumulatedLosses 2022-12-01 12319125 c:FRS102 2023-12-01 2024-11-30 12319125 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12319125 c:FullAccounts 2023-12-01 2024-11-30 12319125 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12319125 6 2023-12-01 2024-11-30 12319125 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 12319125









JL STUDIO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
JL STUDIO LIMITED
REGISTERED NUMBER: 12319125

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
108,296
97,670

  
108,296
97,670

Current assets
  

Debtors: amounts falling due within one year
 5 
23,919
-

Cash at bank and in hand
 6 
24,560
92,933

  
48,479
92,933

Creditors: amounts falling due within one year
 7 
(14,978)
(20,653)

Net current assets
  
 
 
33,501
 
 
72,280

Total assets less current liabilities
  
141,797
169,950

  

Net assets
  
141,797
169,950


Capital and reserves
  

Called up share capital 
  
1
1

Profit And Loss Account
  
141,796
169,949

  
141,797
169,950


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
JL STUDIO LIMITED
REGISTERED NUMBER: 12319125
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

................................................
Joy Labinjo
Director

Date: 5 August 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
JL STUDIO LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2022
1
232,955
232,956



Profit for the year
-
43,994
43,994

Dividends: Equity capital
-
(107,000)
(107,000)



At 1 December 2023
1
169,949
169,950



Profit for the year
-
59,847
59,847

Dividends: Equity capital
-
(88,000)
(88,000)


At 30 November 2024
1
141,796
141,797


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
JL STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

JL Studio Limited is a private company limited by shares and incorporated in England and Wales (registered number: 12319125). The registered office address is 101 New Cavendish Street, London W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
JL STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
JL STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2023
97,670


Additions
1,887


Revaluations
8,739



At 30 November 2024
108,296





5.


Debtors

2024
2023
£
£


Other debtors
18,849
-

Prepayments and accrued income
5,070
-

23,919
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
24,560
92,933

24,560
92,933


Page 6

 
JL STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
735
219

Corporation tax
13,325
10,026

Other taxation and social security
-
8,926

Other creditors
918
482

Accruals and deferred income
-
1,000

14,978
20,653


 
Page 7