Many Rooms Studios Ltd

Many Rooms Studios Ltd
Contents Page
For the year ended 28 February 2025

Company information	1
Directors' report	2
Accountants' report	3
Income statement	4
Statement of financial position	5
Notes to the financial statements	6
Statement of changes in equity	7

Many Rooms Studios Ltd
Company Information
For the year ended 28 February 2025

Directors	Dorothy Albert Tamuno-Omi Belema Precious Albert Tamuno-Omi
Registered Number	10029300
Registered Office	Hewlett House Havelock Terrace 7s Hewlett House London SW8 4AS
Accountants	Smith & Johnson Limited 7 Bell Yard London WC2A 2JR

1

Many Rooms Studios Ltd
Directors' Report
For the year ended 28 February 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 28 February 2025.

Directors

The directors who served the company throughout the year were as follows:

Dorothy Albert Tamuno-Omi

Belema Precious Albert Tamuno-Omi

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Dorothy Albert Tamuno-Omi
Director

Date approved: 31 July 2025

2

Many Rooms Studios Ltd Accountants' Report For the year ended 28 February 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Many Rooms Studios Ltd for the year ended 28 February 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Many Rooms Studios Ltd for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Many Rooms Studios Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Many Rooms Studios Ltd and state those matters that we have agreed to state to the Board of Directors of Many Rooms Studios Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Many Rooms Studios Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Many Rooms Studios Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Many Rooms Studios Ltd . You consider that Many Rooms Studios Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Many Rooms Studios Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 28 February 2025. .................................................... TJ Smith Smith & Johnson Limited 7 Bell Yard London WC2A 2JR 31 July 2025 3

Many Rooms Studios Ltd
Accountants' Report
For the year ended 28 February 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Many Rooms Studios Ltd for the year ended 28 February 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Many Rooms Studios Ltd for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Many Rooms Studios Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Many Rooms Studios Ltd and state those matters that we have agreed to state to the Board of Directors of Many Rooms Studios Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Many Rooms Studios Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Many Rooms Studios Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Many Rooms Studios Ltd . You consider that Many Rooms Studios Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Many Rooms Studios Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
28 February 2025.

....................................................
TJ Smith
Smith & Johnson Limited
7 Bell Yard
London
WC2A 2JR
31 July 2025

3

Many Rooms Studios Ltd
Income Statement
For the year ended 28 February 2025

	2025 £	2024 £
Turnover	193,262	80,672
Cost of sales	(84,760)	(35,521)
Gross profit	108,502	45,151
Administrative expenses	(90,821)	(45,239)
Operating profit/(loss)	17,681	(88)
Interest payable and similar charges	(3,217)	0
Profit/(Loss) on ordinary activities before taxation	14,464	(88)
Tax on profit on ordinary activities	(2,755)	(751)
Profit/(Loss) for the financial year	11,709	(839)

4

Many Rooms Studios Ltd
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	152	190
		152	190
Current assets
Debtors	4	32,466	13,206
Cash at bank and in hand		(4,381)	3,352
		28,085	16,558
Creditors: amount falling due within one year	5	(11,221)	(17,585)
Net current assets		16,864	(1,027)

Total assets less current liabilities		17,016	(837)
Creditors: amount falling due after more than one year	6	(6,144)	0
Net assets		10,872	(837)

Capital and reserves
Called up share capital		1	1
Profit and loss account		10,871	(838)
Shareholders' funds		10,872	(837)

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 31 July 2025 and were signed on its behalf by:

-------------------------------
Dorothy Albert Tamuno-Omi
Director

5

Many Rooms Studios Ltd
Statement of Changes in Equity
For the year ended 28 February 2025

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 March 2023	1	1	2
Profit for the year		(839)	(839)
Total comprehensive income for the year	-	(839)	(839)
Total investments by and distributions to owners	-	-	-
At 29 February 2024	1	(838)	(837)
At 01 March 2024	1	(838)	(837)
Profit for the year		11,709	11,709
Total comprehensive income for the year	-	11,709	11,709
Total investments by and distributions to owners	-	-	-
At 28 February 2025	1	10,871	10,872

6

Many Rooms Studios Ltd
Notes to the Financial Statements
For the year ended 28 February 2025

General Information

Many Rooms Studios Ltd is a private company, limited by shares, registered in , registration number 10029300, registration address Hewlett House Havelock Terrace, 7s Hewlett House, London, SW8 4AS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland 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.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

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	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 March 2024	3,450	2,355	5,805
Additions	-	-	-
Disposals	-	-	-
At 28 February 2025	3,450	2,355	5,805
Depreciation
At 01 March 2024	3,260	2,355	5,615
Charge for year	38	-	38
On disposals	-	-	-
At 28 February 2025	3,298	2,355	5,653
Net book values
Closing balance as at 28 February 2025	152	-	152
Opening balance as at 01 March 2024	190	-	190

4.

Debtors: amounts falling due after one year

	2025 £		2024 £
Other Debtors	32,466		13,206
	32,466		13,206

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	10,682	7,585
Accrued Expenses	539	0
Other Creditors	0	10,000
	11,221	17,585

6.

Creditors: amount falling due after more than one year

	2025 £		2024 £
Other Creditors	6,144		0
	6,144		0

7

Registered Number: 10029300

MANY ROOMS STUDIOS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 March 2024 End date: 28 February 2025