Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseConsultancy services re. Design22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13922302 2024-01-01 2024-12-31 13922302 2023-01-01 2023-12-31 13922302 2024-12-31 13922302 2023-12-31 13922302 c:Director1 2024-01-01 2024-12-31 13922302 d:ComputerEquipment 2024-01-01 2024-12-31 13922302 d:ComputerEquipment 2024-12-31 13922302 d:ComputerEquipment 2023-12-31 13922302 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13922302 d:CurrentFinancialInstruments 2024-12-31 13922302 d:CurrentFinancialInstruments 2023-12-31 13922302 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13922302 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13922302 d:ShareCapital 2024-12-31 13922302 d:ShareCapital 2023-12-31 13922302 d:RetainedEarningsAccumulatedLosses 2024-12-31 13922302 d:RetainedEarningsAccumulatedLosses 2023-12-31 13922302 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13922302 c:OrdinaryShareClass1 2024-12-31 13922302 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13922302 c:OrdinaryShareClass2 2024-12-31 13922302 c:FRS102 2024-01-01 2024-12-31 13922302 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13922302 c:FullAccounts 2024-01-01 2024-12-31 13922302 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13922302 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13922302









5TH COLUMN STUDIO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024
 
5TH COLUMN STUDIO LIMITED
REGISTERED NUMBER: 13922302

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
3,039
-

  
3,039
-

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
17,089
6,462

Cash at bank and in hand
  
7,177
2,039

  
24,266
8,501

Creditors: amounts falling due within one year
 6 
(40,316)
(53,647)

NET CURRENT LIABILITIES
  
 
 
(16,050)
 
 
(45,146)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(13,011)
(45,146)

  

NET LIABILITIES
  
(13,011)
(45,146)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(13,012)
(45,147)

  
(13,011)
(45,146)


Page 1
 
5TH COLUMN STUDIO LIMITED
REGISTERED NUMBER: 13922302
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



C Sheehan
Director

Date: 2 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2
 
5TH COLUMN STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

5th Column Studio Limited is a private company limited by shares and incorporated in England and Wales.
Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The trading losses reported to date are consistent with the company's business plan as it progresses its development activities.
Given development progress achieved, along with the support of shareholders and associated companies, the directors have a reasonable expectation that the company will be able to meet its liabilties as they fall due for the foreseeable future and therefore continue to adopt the going concern basis.

 
2.3

TURNOVER

Turnover comprises revenue from illustration, conceptual artwork and development services, exclusive of Value Added Tax. Revenue is recognised in relation to the period the services are performed.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3
 
5TH COLUMN STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4
 
5TH COLUMN STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5
 
5TH COLUMN STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


Additions
3,839



At 31 December 2024

3,839



DEPRECIATION


Charge for the year on owned assets
800



At 31 December 2024

800



NET BOOK VALUE



At 31 December 2024
3,039



At 31 December 2023
-


5.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
14,383
6,127

Other debtors
487
181

Prepayments and accrued income
2,219
154

17,089
6,462


Page 6
 
5TH COLUMN STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
11,743
12,689

Other taxation and social security
1,109
2,947

Other creditors
24,564
35,113

Accruals and deferred income
2,900
2,898

40,316
53,647



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



50 Ordinary A shares of £0.01 each
0.50
0.50
50 Ordinary B shares of £0.01 each
0.50
0.50

1.00

1.00




 
Page 7