Studio Moren Limited - Filleted accounts

Registered number

06460009

Studio Moren Limited

(Formerly known as Dexter Moren Associates Limited)

Report and Accounts

31 December 2024

Studio Moren Limited
Registered number:		06460009
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		53,791			96,864
Investments	4		100			100
			53,891			96,964

Current assets
Debtors	5	1,850,310			1,663,075
Cash at bank and in hand		319,642			457,971
		2,169,952			2,121,046

Creditors: amounts falling due within one year	6	(587,078)			(652,650)

Net current assets			1,582,874			1,468,396

Total assets less current liabilities			1,636,765			1,565,360

Creditors: amounts falling due after more than one year	7		(37,625)			(56,192)

Provisions for liabilities			(11,907)			(18,404)


Net assets			1,587,233			1,490,764

Capital and reserves
Called up share capital			5,000			5,000
Profit and loss account			1,582,233			1,485,764

Shareholders' funds			1,587,233			1,490,764

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



M Sturley
Director
Approved by the board on 18 December 2025

Studio Moren Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 4 years
	Motor vehicles			over 4 years

	Investments
	Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					54		63


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	35,000		477,070		223,570		735,640
	Additions	-		14,375		-		14,375
	At 31 December 2024	35,000		491,445		223,570		750,015

	Depreciation
	At 1 January 2024	35,000		448,483		155,293		638,776
	Charge for the year	-		25,291		32,157		57,448
	At 31 December 2024	35,000		473,774		187,450		696,224

	Net book value
	At 31 December 2024	-		17,671		36,120		53,791
	At 31 December 2023	-		28,587		68,277		96,864



4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024							100

	At 31 December 2024							100

	The company holds 100% of the share capital of the following company:

	Company	Share Held		%
		Class

	57D Developments Limited	Ordinary		100
	Registration number : 09073834


5	Debtors					2024		2023
£							£

	Amounts due from associated companies			Note 8		231,912		228,975
	Accrued income and other debtors					1,618,398		1,434,100
						1,850,310		1,663,075




6	Creditors: amounts falling due within one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					18,568		24,911
	Trade creditors					117,665		56,722
	Corporation tax					(41,575)		(33,363)
	Other taxes and social security costs					255,839		439,890
	Other creditors					236,581		164,490
						587,078		652,650


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					37,625		56,192


8	Related party transactions

	Dexter Moren Associates Holding Limited hold 75% of the ordinary share capital of Studio Moren Limited. Dexter Moren Associates Holdings Limited is owned by senior management and key staff of Stidio Moren Limited. Mr Dexter Moren who has a 25% interest in the company, also has a controlling interest in Dexter Moren Architects Limited and together with his spouse has a 100% interest in Brilliant Buildings LLP. Studio Moren Ltd has a 100% interest in 57 D Developments Ltd. Mrs Wan Gardner, who is a director of Studio Moren Ltd, has 100% controlling interest in Budgie Hotels Ltd. As at the balance sheet date £193,653 (2023 - £193,653) was owed to this company by Dexter Moren Architects Limited, £36,993 (2023 - £34,200) was owed by Brilliant Buildings LLP, £510 (2023 - £366) was owed by 57 D Developments Ltd and £756 (2023 - £756) was owed by Budgie Hotels Ltd.


9	Other information

	Studio Moren Limited is a private company limited by shares and incorporated in England. Its registered office is:
	27A Maxwell Road
	Northwood
	Middlesex
	HA6 2XY