| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th December 2024 |
| for |
| The Barre Studios Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th December 2024 |
| for |
| The Barre Studios Limited |
| The Barre Studios Limited (Registered number: 09054733) |
| Contents of the Financial Statements |
| for the Year Ended 30th December 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| The Barre Studios Limited (Registered number: 09054733) |
| Balance Sheet |
| 30th December 2024 |
| 30.12.24 | 30.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges her 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 were approved by the director and authorised for issue on |
| The Barre Studios Limited (Registered number: 09054733) |
| Notes to the Financial Statements |
| for the Year Ended 30th December 2024 |
| 1. | COMPANY INFORMATION |
| The Barre Studios Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from the provision of professional services is recognised on delivery of the service. |
| Intangible assets |
| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. |
| Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. |
| 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: |
| Franchise fee 10% straight line |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss. |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| The Barre Studios Limited (Registered number: 09054733) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th December 2024 |
| 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 profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Franchise |
| costs |
| £ |
| COST |
| At 31st December 2023 |
| and 30th December 2024 |
| AMORTISATION |
| At 31st December 2023 |
| Amortisation for year |
| At 30th December 2024 |
| NET BOOK VALUE |
| At 30th December 2024 |
| At 30th December 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 31st December 2023 |
| Additions |
| At 30th December 2024 |
| DEPRECIATION |
| At 31st December 2023 |
| Charge for year |
| At 30th December 2024 |
| NET BOOK VALUE |
| At 30th December 2024 |
| At 30th December 2023 |
| The Barre Studios Limited (Registered number: 09054733) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th December 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Other debtors |
| Directors' current accounts | 14,275 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Social security and other taxes |
| VAT | 13,532 | 14,227 |
| Other creditors |
| Pension creditor | 133 | 476 |
| Wages and salaries control | - | 2,716 |
| Directors' current accounts | - | 1,816 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Bank loans - 2-5 years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.12.24 | 30.12.23 |
| value: | £ | £ |
| Ordinary A | 0.1p | 2 | 2 |
| Ordinary B | 0.1p | 1 | 1 |
| Ordinary C | 0.1p | 2 | 2 |
| Ordinary D | 0.1p | 1 | 1 |
| 6 | 6 |
| The A, B, C and D Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company. |
| The A, B, C and D Shares rank pari passu in respect of dividend and capital distribution rights. |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 30th December 2024 and the period ended 30th December 2023: |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| The loan is repayable on demand and no interest was charged during the year. |
| The Barre Studios Limited (Registered number: 09054733) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th December 2024 |
| 11. | CONTROL |
| The ultimate controlling party is the director S. Emblow by virtue of her majority shareholding. |