STUDIO G4 LTD


Director	Toyin Phillip


Registered Address	27 Old Gloucester Street
	London
	WC1N 3AX


Registered Number	12308705 (England and Wales)

Balance Sheet as at
30 November 2024

	Notes	2024		2023
		£	£	£	£
Called up share capital not paid			1		1
Fixed assets
Tangible assets	3		265		583
			265		583
Current assets
Debtors	4	26,017		26,000
Cash at bank and on hand		150		714
		26,167		26,714
Creditors amounts falling due within one year	5	(14,748)		(14,631)
Net current assets (liabilities)			11,420		12,084
Total assets less current liabilities			11,685		12,667
Creditors amounts falling due after one year	6		(10,936)		(15,986)
Net assets			749		(3,319)
Capital and reserves
Called up share capital			1		1
Profit and loss account			748		(3,320)
Shareholders' funds			749		(3,319)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 3 September 2025, and are signed on its behalf by:

Toyin Phillip
Director
Registered Company No. 12308705

STUDIO G4 LTD

Notes to the Financial Statements
for the year ended 30 November 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 December 23	954	954
At 30 November 24	954	954
Depreciation and impairment
At 01 December 23	371	371
Charge for year	318	318
At 30 November 24	689	689
Net book value
At 30 November 24	265	265
At 30 November 23	583	583

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	26,017	26,000
Total	26,017	26,000

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	180	193
Amounts owed to related parties	2,568	12,010
Taxation and social security	-	2,428
Other creditors	12,000	-
Total	14,748	14,631


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,936	15,986
Total	10,936	15,986