REGISTERED NUMBER: 03162576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STUDIO U + A LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S A Fujikawa

SECRETARY:

V K Kapoor

REGISTERED OFFICE:

18-19 Jockey's Fields

London

WC1R 4BW

REGISTERED NUMBER:

03162576 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

9 Berners Place

London

W1T 3AD

FIXED ASSETS

Tangible assets

4

8,996

10,826

CURRENT ASSETS

Debtors

5

389,313

464,935

Cash at bank

146

252

389,459

465,187

CREDITORS

Amounts falling due within one year

6

(385,944

)

(469,676

)

NET CURRENT ASSETS/(LIABILITIES)

3,515

(4,489

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,511

6,337

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

12,509

6,335

SHAREHOLDERS' FUNDS

12

12,511

6,337

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Ms S A Fujikawa - Director

1.	STATUTORY INFORMATION

Studio U + A 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.

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.

Tangible fixed assets

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

Short leasehold

-

over the term of the lease

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

34,162

49,987

54,249

138,398

DEPRECIATION

At 1 January 2024

23,778

49,987

53,807

127,572

Charge for year

1,682

-

148

1,830

At 31 December 2024

25,460

49,987

53,955

129,402

NET BOOK VALUE

At 31 December 2024

8,702

-

294

8,996

At 31 December 2023

10,384

-

442

10,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

185,753

185,753

Other debtors

2,618

2,618

Directors' current accounts

-

87,527

Corporation tax recoverable

27,177

27,177

Other taxation

2,973

2,973

Accrued income

165,000

153,100

Prepayments

5,792

5,787

389,313

464,935

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 7)

15,645

17,162

Trade creditors

83,018

110,773

Corporation tax

4,477

4,477

Social security and other taxes

52,026

17,979

Other creditors

6,841

-

Amount owed to companies under common control

209,967

312,117

Directors' current accounts

129

-

Accrued expenses

13,841

7,168

385,944

469,676

7.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

15,645

17,162

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2024

6,335

Profit for the year

6,174

At 31 December 2024

12,509

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms S A Fujikawa

Balance outstanding at start of year

87,527

74,837

Amounts advanced

45,396

24,443

Amounts repaid

(133,052

)

(11,753

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(129

)

87,527

11.	RELATED PARTY DISCLOSURES

V K Kapoor is a shareholder and a director of the following companies.

Company 1. During the year the Company received consultancy fees of £30,000 and service charges of

£NIL(2023:£3,100). At the balance sheet date amount due to this company was £209,967(2023:£312,117) and amount due from this company was £30,000.

Company 2. During the year the Company paid rent of £30,000(2023:£30,000). At the balance sheet

date the balance £62,000(2023:£83,521) was owed to this company.

Company 6. During the year the Company received consultancy fees of £55,000. At the balance sheet

date owed from this company was £55,000(2023:£NIL).

Company 8. At the balance sheet date owed from this company was £76,243(2023:£76,243).

S A Fujikawa, the company director is a shareholder of the company below.

Company 9. During the year the Company received consultancy fees of £80,000. At the balance sheet

date owed from this company was £189,510 (2023:£109,510).

12.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2024

2023

£

£

Profit for the financial year

6,174

6,630

Net addition to shareholders' funds

6,174

6,630

Opening shareholders' funds

6,337

(293

)

Closing shareholders' funds

12,511

6,337

13.	PENSION COST

The Company made work place pension contributions of £908 (2023:£654) and contribution to director's personal pension scheme NIL (2023:NIL).

14.	CONTROLLING PARTY

S A Fujikawa is the controlling party .