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REGISTERED NUMBER: 12851452 (England and Wales)












MUSTARD STUDIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSTARD STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Ms K Gerova
Ms A J Kean





SECRETARY: Mr P M Squire





REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE





REGISTERED NUMBER: 12851452 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 908 662

CURRENT ASSETS
Debtors 5 6,644 16,308
Cash at bank 62,195 62,061
68,839 78,369
CREDITORS
Amounts falling due within one year 6 23,308 29,211
NET CURRENT ASSETS 45,531 49,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,439

49,820

PROVISIONS FOR LIABILITIES 7 227 94
NET ASSETS 46,212 49,726

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 9 44,212 47,726
SHAREHOLDERS' FUNDS 46,212 49,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

BALANCE SHEET - continued
31 DECEMBER 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 8 August 2025 and were signed on its behalf by:




Ms K Gerova - Director



Ms A J Kean - Director


MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Mustard Studio 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.

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

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

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 2,805
Additions 1,166
At 31 December 2024 3,971
DEPRECIATION
At 1 January 2024 2,143
Charge for year 920
At 31 December 2024 3,063
NET BOOK VALUE
At 31 December 2024 908
At 31 December 2023 662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 5,851 15,548
Prepayments 793 760
6,644 16,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 7,119 7,103
Pensions 74 74
VAT 8,473 8,487
Directors' current accounts 6,617 12,597
Accrued expenses 1,025 950
23,308 29,211

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 227 94

Deferred
tax
£   
Balance at 1 January 2024 94
Provided during year 133
Balance at 31 December 2024 227

MUSTARD STUDIO LTD (REGISTERED NUMBER: 12851452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 A Ordinary Shares £1000 1,000 1,000
1,000 B Ordinary Shares £1000 1,000 1,000
2,000 2,000

9. RESERVES
Retained
earnings
£   

At 1 January 2024 47,726
Profit for the year 29,486
Dividends (33,000 )
At 31 December 2024 44,212

10. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.