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Hoole Studio Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 09127473
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 227
Tangible Assets 5 1,470 1,778
1,470 2,005
CURRENT ASSETS
Debtors 6 1,760 1,806
Cash at bank and in hand 217 1,294
1,977 3,100
Creditors: Amounts Falling Due Within One Year 7 (1,434 ) (2,395 )
NET CURRENT ASSETS (LIABILITIES) 543 705
TOTAL ASSETS LESS CURRENT LIABILITIES 2,013 2,710
NET ASSETS 2,013 2,710
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,913 2,610
SHAREHOLDERS' FUNDS 2,013 2,710
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs K Hoole
Director
05/12/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 100 2,173 2,273
Profit for the year and total comprehensive income - 1,937 1,937
Dividends paid - (1,500) (1,500)
As at 31 March 2024 and 1 April 2024 100 2,610 2,710
Loss for the year and total comprehensive income - (697 ) (697)
As at 31 March 2025 100 1,913 2,013
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Hoole Studio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09127473 . The registered office is 17 Baker Street, Abergavenny, Monmouthshire, NP7 5BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% on reducing balance
2.5. 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 statement of comprehensive income 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Intangible Assets
Goodwill
£
Cost or Valuation
As at 1 April 2024 9,225
As at 31 March 2025 9,225
Amortisation
As at 1 April 2024 8,998
Provided during the period 227
As at 31 March 2025 9,225
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 227
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 5,909
Additions 60
As at 31 March 2025 5,969
Depreciation
As at 1 April 2024 4,131
Provided during the period 368
As at 31 March 2025 4,499
Net Book Value
As at 31 March 2025 1,470
As at 1 April 2024 1,778
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,313 -
Other debtors 447 1,806
1,760 1,806
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 1,036 1,222
Taxation and social security 398 1,173
1,434 2,395
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6