REGISTERED NUMBER: 09339797 (England and Wales)

STUDIO SWINE DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Groves

Miss A Murakami

REGISTERED OFFICE:

424 Margate Road

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

09339797 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

140,908

142,739

Investments

5

229,215

229,215

370,123

371,954

CURRENT ASSETS

Stocks

-

26,093

Debtors

6

88,400

150,178

Cash at bank and in hand

149,421

75,312

237,821

251,583

CREDITORS

Amounts falling due within one year

7

(384,722

)

(278,855

)

NET CURRENT LIABILITIES

(146,901

)

(27,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

223,222

344,682

PROVISIONS FOR LIABILITIES

(550

)

(898

)

NET ASSETS

222,672

343,784

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

222,670

343,782

SHAREHOLDERS' FUNDS

222,672

343,784

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

A S Groves - Director

1.	STATUTORY INFORMATION

Studio Swine Design Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

nil

Plant and machinery

-

20% on cost

Fixture and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixture

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

138,014

9,789

1,424

3,775

153,002

Additions

-

-

550

-

550

At 31 December 2024

138,014

9,789

1,974

3,775

153,552

DEPRECIATION

At 1 January 2024

-

5,778

1,120

3,365

10,263

Charge for year

-

1,802

374

205

2,381

At 31 December 2024

-

7,580

1,494

3,570

12,644

NET BOOK VALUE

At 31 December 2024

138,014

2,209

480

205

140,908

At 31 December 2023

138,014

4,011

304

410

142,739

Included in cost of land and buildings is freehold land of £ 138,014 (2023 - £ 138,014 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Crypto currency

229,215

229,215

The Crypto currency investment is at cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

35,822

3,600

Amounts recoverable on contract

33,230

35,441

Other debtors

19,348

111,137

88,400

150,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

-

18,173

Other creditors

384,722

260,682

384,722

278,855