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Registered number: 12991619
Studio Woven Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Zgrp Limited
Suite Lu.231, The Light Bulb, 1 Filament Walk
Wandsworth
London
SW18 4GQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12991619
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 753,268 848,958
Investment Properties 5 129,000 129,000
882,268 977,958
CURRENT ASSETS
Stocks 6 859,411 916,708
Debtors 7 276,350 211,552
Cash at bank and in hand 632,374 133,518
1,768,135 1,261,778
Creditors: Amounts Falling Due Within One Year 8 (3,487,522 ) (3,342,999 )
NET CURRENT ASSETS (LIABILITIES) (1,719,387 ) (2,081,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES (837,119 ) (1,103,263 )
NET LIABILITIES (837,119 ) (1,103,263 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (837,219 ) (1,103,363 )
SHAREHOLDERS' FUNDS (837,119) (1,103,263)
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr S Moradzadeh
Director
18/03/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Studio Woven Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12991619 . The registered office is Suite Lu.231, The Light Bulb, 1 Filament Walk, Wandsworth, London, SW18 4GQ.
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. 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:
Leasehold 10% on SLM
Plant & Machinery 25% on SLM
Motor Vehicles 25% on SLM
Fixtures & Fittings 25% on SLM
Computer Equipment 25% on SLM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Going concern
The company is being supported in the form of interest free loans that are repayable on demand from the
directors to cover the costs incurred from the first years of trading and establishing the company in the United
Kingdom. This support will continue for the foreseeable future and therefore the directors believe the Company
to be a going concern.
2.9. PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Studio Woven Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements
2.10. Investment in subsidiary
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 725,404 33,900 115,359 4,800 879,463
Additions - - 9,278 - 9,278
As at 30 November 2025 725,404 33,900 124,637 4,800 888,741
Depreciation
As at 1 December 2024 - 10,594 18,623 1,288 30,505
Provided during the period 65,388 8,475 29,905 1,200 104,968
As at 30 November 2025 65,388 19,069 48,528 2,488 135,473
Net Book Value
As at 30 November 2025 660,016 14,831 76,109 2,312 753,268
As at 1 December 2024 725,404 23,306 96,736 3,512 848,958
5. Investment Property
2025
£
Fair Value
As at 1 December 2024 and 30 November 2025 129,000
The company owns 50% of the share capital of Bloomfield Exhibition Services Ltd.
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6. Stocks
2025 2024
£ £
Stock 859,411 916,708
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 69,913 22,056
Other debtors 103,611 189,496
173,524 211,552
Due after more than one year
Other debtors 102,826 -
276,350 211,552
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 61,063 39,643
Other creditors 3,357,636 3,258,735
Taxation and social security 68,823 44,621
3,487,522 3,342,999
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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