REGISTERED NUMBER: 15740343

Unaudited Financial Statements

for the Period 25 May 2024 to 31 May 2025

for

Studio Right Angle Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B Marsh

Mr A Hoole-Walker

REGISTERED OFFICE:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

BUSINESS ADDRESS:

6 Percy Cottages

London Road

Cuckfield

RH175EP

REGISTERED NUMBER:

15740343

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

4

8,572

CURRENT ASSETS

Debtors

5

22

Cash at bank

1,496

1,518

CREDITORS

Amounts falling due within one year

6

19,034

NET CURRENT LIABILITIES

(17,516

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,944

)

PROVISIONS FOR LIABILITIES

(1,666

)

NET LIABILITIES

(7,278

)

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

(7,280

)

SHAREHOLDERS' FUNDS

(7,278

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr B Marsh - Director

1.	STATUTORY INFORMATION

Studio Right Angle Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate

Computer equipment 25% Straight line

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Summary of transactions with other related parties

At the balance sheet date, the company is owed £102 by Right Angle Ltd. This loan is interest free and repayable on demand.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Going concern

At the balance sheet date the company had net current liabilities of £17,516 and retained losses of £7,280. The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

11,357

At 31 May 2025

11,357

DEPRECIATION

Charge for period

2,785

At 31 May 2025

2,785

NET BOOK VALUE

At 31 May 2025

8,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments

22

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

(1

)

Directors' current accounts

17,655

Accrued expenses

1,380

19,034

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary shares of £1 each

1

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2025:

£

Mr B Marsh

Balance outstanding at start of period

-

Amounts advanced

1

Amounts repaid

(17,319

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(17,318

)

Mr A Hoole-Walker

Balance outstanding at start of period

-

Amounts advanced

1

Amounts repaid

(342

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(341

)

Interest has been charged at the market rate on the loans provided to Mr Marsh and Mr Hoole-Walker. These loans are repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Benjamin Marsh and Mr Ashley Hoole-Walker, by virtue of their shareholding.