IRIS Accounts Production v25.2.0.378 08276652 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary Non-Voting C 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08276652 2023-12-31 08276652 2024-12-31 08276652 2024-01-01 2024-12-31 08276652 2022-12-31 08276652 2023-01-01 2023-12-31 08276652 2023-12-31 08276652 ns15:EnglandWales 2024-01-01 2024-12-31 08276652 ns14:PoundSterling 2024-01-01 2024-12-31 08276652 ns10:Director1 2024-01-01 2024-12-31 08276652 ns10:Director2 2024-01-01 2024-12-31 08276652 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08276652 ns10:SmallEntities 2024-01-01 2024-12-31 08276652 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08276652 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 08276652 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08276652 ns10:FullAccounts 2024-01-01 2024-12-31 08276652 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 08276652 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 08276652 ns10:OrdinaryShareClass3 2024-01-01 2024-12-31 08276652 ns10:RegisteredOffice 2024-01-01 2024-12-31 08276652 ns5:CurrentFinancialInstruments 2024-12-31 08276652 ns5:CurrentFinancialInstruments 2023-12-31 08276652 ns5:ShareCapital 2024-12-31 08276652 ns5:ShareCapital 2023-12-31 08276652 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08276652 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08276652 ns5:FurnitureFittings 2024-01-01 2024-12-31 08276652 ns5:ComputerEquipment 2024-01-01 2024-12-31 08276652 ns5:FurnitureFittings 2023-12-31 08276652 ns5:ComputerEquipment 2023-12-31 08276652 ns5:FurnitureFittings 2024-12-31 08276652 ns5:ComputerEquipment 2024-12-31 08276652 ns5:FurnitureFittings 2023-12-31 08276652 ns5:ComputerEquipment 2023-12-31 08276652 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08276652 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 08276652 ns5:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08276652 ns5:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08276652 ns5:DeferredTaxation 2023-12-31 08276652 ns5:DeferredTaxation 2024-01-01 2024-12-31 08276652 ns5:DeferredTaxation 2024-12-31 08276652 ns10:OrdinaryShareClass1 2024-12-31 08276652 ns10:OrdinaryShareClass2 2024-12-31 08276652 ns10:OrdinaryShareClass3 2024-12-31

REGISTERED NUMBER: 08276652 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALDO WORKS STUDIO LIMITED

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

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 |

| WALDO WORKS STUDIO LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr T A Bartlett

| Mrs S Von Meister

| REGISTERED OFFICE: | 199 Chiltern Court

| 188 Baker Street

| LONDON

| NW1 5SD

| REGISTERED NUMBER: | 08276652 (England and Wales)

| ACCOUNTANTS: | Bronsens

| Chartered Certified Accountants

| Hillside

| Albion Street

| Chipping Norton

| Oxfordshire

| OX7 5BH

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,019 |  | 5,575 |  |

CURRENT ASSETS

Debtors | 5 | 504,412 |  | 273,069 |  |

Cash at bank and in hand | 1,357,952 |  | 909,776 |  |

1,862,364 |  | 1,182,845 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,559,503 |  | 938,536 |  |

NET CURRENT ASSETS | 302,861 |  | 244,309 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 320,880 |  | 249,884 |  |

PROVISIONS FOR LIABILITIES | 7 | 4,376 |  | 999 |  |

NET ASSETS | 316,504 |  | 248,885 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 110 |  | 110 |  |

Retained earnings | 316,394 |  | 248,775 |  |

SHAREHOLDERS' FUNDS | 316,504 |  | 248,885 |  |

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.

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

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 2 September 2025 and were signed on its behalf by:

Mr T A Bartlett - Director

Mrs S Von Meister - Director

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Waldo Works Studio Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services and goods, excluding value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 33% 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 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2023 - 13 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 13,420 |  | 36,744 |  | 50,164 |  |

| Additions | 4,277 |  | 18,542 |  | 22,819 |  |

| Disposals | (1,620 | ) | (20,530 | ) | (22,150 | ) |

| At 31 December 2024 | 16,077 |  | 34,756 |  | 50,833 |  |

| DEPRECIATION

| At 1 January 2024 | 12,325 |  | 32,264 |  | 44,589 |  |

| Charge for year | 1,321 |  | 8,208 |  | 9,529 |  |

| Eliminated on disposal | (1,533 | ) | (19,771 | ) | (21,304 | ) |

| At 31 December 2024 | 12,113 |  | 20,701 |  | 32,814 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,964 |  | 14,055 |  | 18,019 |  |

| At 31 December 2023 | 1,095 |  | 4,480 |  | 5,575 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 208,606 |  | 154,559 |  |

| Rent deposit | 12,750 |  | 12,750 |  |

| Other debtors | - |  | 22,220 |  |

| Prepayments and accrued income | 283,056 |  | 83,540 |  |

504,412 |  | 273,069 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred income | 523,172 |  | 51,618 |  |

| Trade creditors | 277,213 |  | 33,697 |  |

| Tax | 191,819 |  | 196,889 |  |

| Social security and other taxes | 83 |  | 87 |  |

| VAT | 128,359 |  | 62,918 |  |

| Proposed dividends | 40,000 |  | 58,000 |  |

| Other creditors | 5,630 |  | 4,870 |  |

| Directors' current accounts | 383,091 |  | 522,768 |  |

| Accrued expenses | 10,136 |  | 7,689 |  |

1,559,503 |  | 938,536 |  |

WALDO WORKS STUDIO LIMITED (REGISTERED NUMBER: 08276652) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | PROVISIONS FOR LIABILITIES

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred tax

| Accelerated capital allowances | 4,376 |  | 999 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 999 |  |

| Provided during year | 3,377 |  |

| Balance at 31 December 2024 | 4,376 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 70 | Ordinary A | £1 | 70 |  | 70 |  |

| 30 | Ordinary B | £1 | 30 |  | 30 |  |

| 10 | Ordinary Non-Voting C | £1 | 10 |  | 10 |  |

110 |  | 110 |  |