Silverfin false 26 August 2025 26 August 2025 Steven Wakefield Dixon Wilson Audit Services LLP 613,333 631,701 false true 31/12/2024 01/01/2024 31/12/2024 E Hoffer 08/10/2019 L Max 06/09/2005 26 August 2025 The principal activity of the Company during the financial year was that of a fashion designer. 05522961 2024-12-31 05522961 bus:Director1 2024-12-31 05522961 bus:Director2 2024-12-31 05522961 core:CurrentFinancialInstruments 2024-12-31 05522961 core:CurrentFinancialInstruments 2023-12-31 05522961 2023-12-31 05522961 core:ShareCapital 2024-12-31 05522961 core:ShareCapital 2023-12-31 05522961 core:RetainedEarningsAccumulatedLosses 2024-12-31 05522961 core:RetainedEarningsAccumulatedLosses 2023-12-31 05522961 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 05522961 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 05522961 2024-01-01 2024-12-31 05522961 bus:FilletedAccounts 2024-01-01 2024-12-31 05522961 bus:SmallEntities 2024-01-01 2024-12-31 05522961 bus:Audited 2024-01-01 2024-12-31 05522961 2023-01-01 2023-12-31 05522961 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05522961 bus:Director1 2024-01-01 2024-12-31 05522961 bus:Director2 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 05522961 (England and Wales)

MAX STUDIO (UK) LIMITED

Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MAX STUDIO (UK) LIMITED

Financial Statements

For the financial year ended 31 December 2024

Contents

MAX STUDIO (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
MAX STUDIO (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS E Hoffer
L Max
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 05522961 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
Statutory Auditor
22 Chancery Lane
London
WC2A 1LS
United Kingdom
MAX STUDIO (UK) LIMITED

BALANCE SHEET

As at 31 December 2024
MAX STUDIO (UK) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 252,839 53,199
Cash at bank and in hand 2,638 155,107
255,477 208,306
Creditors: amounts falling due within one year 4 ( 34,186,035) ( 33,525,531)
Net current liabilities (33,930,558) (33,317,225)
Total assets less current liabilities (33,930,558) (33,317,225)
Net liabilities ( 33,930,558) ( 33,317,225)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 33,930,559 ) ( 33,317,226 )
Total shareholder's deficit ( 33,930,558) ( 33,317,225)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Max Studio (UK) Limited (registered number: 05522961) were approved and authorised for issue by the Board of Directors on 26 August 2025. They were signed on its behalf by:

E Hoffer
Director
MAX STUDIO (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MAX STUDIO (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Max Studio (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company is reliant on the financial support of its parent company to continue to operate as a going concern. Based on assurances received from the parent company, the directors are satisfied that further financial support will be made available to the company for a period of at least one year from the date of approval of these financial statements and therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the amounts chargeable for the provision of fashion design services. Turnover is recognised net of VAT in the period in which services are provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Provision is made for deferred tax liabilities in respect of temporary timing differences arising from the different treatment of items for the accounts and taxation, without discounting. Deferred tax assets are recognised to the extent to which they are recoverable on the balance of probabilities.

Leases

The company as lessee
Rental costs under operating leases are charged to the profit and loss account in equal annual amounts over the period of the leases. Should an operating lease be defined as onerous, unavoidable costs are recognised in the Profit and Loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities, or equity instruments.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 5 6

3. Debtors

2024 2023
£ £
Other debtors 252,839 53,199

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to parent undertakings 33,694,684 33,066,139
Amounts owed to directors 4,521 0
Accruals 485,731 383,888
Other taxation and social security 116 11,839
Other creditors 983 63,665
34,186,035 33,525,531

5. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Loan (from)/to Director (L Max) (4,521) 18,551

During the year, Max Studio (UK) Limited advanced £108,562 (2023 - £20,334) to Leon Max, a director of the company. During the year, Leon Max repaid £131,634 (2023 - £15,008) to Max Studio (UK) Limited. The loan is interest free and repayable on demand.

6. Parent company

Parent company: Leon Max Inc, registered office: 3100 New York Drive, Pasadena, CA 91107, USA. The parent company draws up consolidated financial statements.

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP, Statutory Auditor. The audit report was unqualified and no reference was made to any matters to which to auditor drew attention to by way of emphasis.