General Information
White House Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 06063671, registration address The Cottage , 49 Twyford, Shaftesbury, Dorset, SP7 0JJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Fundamental uncertainties
The company meets its day to day working capital requirements partially through the support of its creditors and directors. The directors have considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information and discussions with the companys creditors, the directors consider that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors and directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
No deferred tax asset provision in respect of the losses has been made as there is insufficient evidence to ascertain its recoverability.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
33% Reducing Balance
|
| Improvements to property |
10% Reducing Balance |
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2024 |
33,307 |
|
2,355 |
|
4,328 |
|
450 |
|
40,440 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
(15,708) |
|
(982) |
|
(2,478) |
|
- |
|
(19,168) |
| At 31 January 2025 |
17,599 |
|
1,373 |
|
1,850 |
|
450 |
|
21,272 |
| Depreciation |
| At 01 February 2024 |
30,886 |
|
1,849 |
|
4,060 |
|
357 |
|
37,152 |
| Charge for year |
326 |
|
75 |
|
48 |
|
9 |
|
458 |
| On disposals |
(14,590) |
|
(779) |
|
(2,356) |
|
- |
|
(17,725) |
| At 31 January 2025 |
16,622 |
|
1,145 |
|
1,752 |
|
366 |
|
19,885 |
| Net book values |
| Closing balance as at 31 January 2025 |
977 |
|
228 |
|
98 |
|
84 |
|
1,387 |
| Opening balance as at 01 February 2024 |
2,421 |
|
506 |
|
268 |
|
93 |
|
3,288 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
273 |
|
- |
| Taxation Recoverable |
4,974 |
|
3,085 |
| Directors' Current Accounts |
14,737 |
|
9,290 |
|
19,984 |
|
12,375 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
26,499 |
|
29,242 |
| Social Security & Other Taxes |
3,822 |
|
2,256 |
| Accrued Expenses |
2,218 |
|
2,112 |
| Other Creditors |
17,400 |
|
17,628 |
|
49,939 |
|
51,238 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans 1-2 Years |
1,700 |
|
4,401 |
| Bank Loans 2-5 Years |
5,666 |
|
7,365 |
|
7,366 |
|
11,766 |
|
| 7. |
Advances and Credits
Director's Advances, Credits And Guarantees Th following advance and credits to a director subsisted during the year ended 31st January 2025 | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Director's Advances, Credits And Guarantees | (9,290) | | 23,054 | | - | | 28,501 | | - | | - | | (14,737) | | -9290 | | 23054 | | 0 | | 28501 | | 0 | | 0 | | -14737 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Director's Advances, Credits And Guarantees | - | | - | | - | | 9,290 | | - | | - | | (9,290) | | 0 | | 0 | | 0 | | 9290 | | 0 | | 0 | | -9290 |
|
4
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