Filterhouse Studios Ltd Accounts






Filterhouse Studios Ltd

	Company No. 10973956
		Information for Filing with The Registrar
		31 December 2024

The Director presents his report and the accounts for the period ended 31 December 2024.

Principal activities
The principal activity of the company during the period under review was Management of real estate on a fee or contract basis.




Director

The Director who served at any time during the period was as follows:

V. Watts









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

V. Watts
Director
31 December 2024

at	31 December 2024
Company No.		10973956	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	5,458	6,970
	Investment property		5	12,300,000	18,070,202

				12,305,458	18,077,172
Current assets

	Debtors			352,520	162,133

	Cash at bank and in hand			208,536	101,450
				561,056	263,583
Creditors: Amount falling due within one year				(524,720)	(334,689)
Net current assets/(liabilities)				36,336	(71,106)
Total assets less current liabilities				12,341,794	18,006,066
Creditors: Amounts falling due after more than one year			6	(18,074,719)	(16,923,406)
Provisions for liabilities

	Other provisions			-	(161,806)
Net (liabilities)/assets				(5,732,925)	920,854

Capital and reserves
	Called up share capital			233	233
	Share premium account		7	1,133,040	1,133,040


	Profit and loss account		7	(6,866,198)	(212,419)

Total equity				(5,732,925)	920,854



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

All the members have consented to the preparation of abridged financial statements for the period ended 31 December 2024 in accordance with the Companies Act 2006.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 December 2024 and signed on its behalf by:
V. Watts
Director
31 December 2024

for the period ended 31 December 2024

General information

Filterhouse Studios Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 10973956

Its registered office is:

40a Manor Road

Potters Bar

EN6 1DQ

The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

6%% Reducing Balance

On Furniture, we have applied Super deductions 130% and AIA relief applied.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the period:	4	3

4	Tangible fixed assets
			Total
			£
		Cost or revaluation
		At 1 October 2023	8,500




		At 31 December 2024	8,500
		Depreciation
		At 1 October 2023	1,530
		Charge for the year	1,512



		At 31 December 2024	3,042
		Net book values
		At 31 December 2024	5,458
		At 30 September 2023	6,970

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 October 2023	18,070,202
		Additions	1,301,144
		Revaluation	(7,071,346)

		At 31 December 2024	12,300,000

6	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£










		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	43,747	63,896
		Amount repayable otherwise than by instalments	9,618,625	8,316,192
			9,662,372	8,380,088

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.