Studio Miaki Limited 13268504 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is that of interior design services. Digita Accounts Production Advanced 6.30.9574.0 true false true 2026-07-31 13268504 2025-04-01 2026-03-31 13268504 2026-03-31 13268504 bus:OrdinaryShareClass1 2026-03-31 13268504 core:HirePurchaseContracts core:CurrentFinancialInstruments 2026-03-31 13268504 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2026-03-31 13268504 core:CurrentFinancialInstruments 2026-03-31 13268504 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 13268504 core:Non-currentFinancialInstruments 2026-03-31 13268504 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 13268504 core:MoreThanFiveYears 1 2026-03-31 13268504 core:FurnitureFittingsToolsEquipment 2026-03-31 13268504 core:LandBuildings 2026-03-31 13268504 core:MotorVehicles 2026-03-31 13268504 core:Subsidiary1 2026-03-31 13268504 bus:SmallEntities 2025-04-01 2026-03-31 13268504 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 13268504 bus:FilletedAccounts 2025-04-01 2026-03-31 13268504 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13268504 bus:RegisteredOffice 2025-04-01 2026-03-31 13268504 bus:Director1 2025-04-01 2026-03-31 13268504 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 13268504 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13268504 bus:Agent1 2025-04-01 2026-03-31 13268504 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 13268504 core:LandBuildings 2025-04-01 2026-03-31 13268504 core:MotorCars 2025-04-01 2026-03-31 13268504 core:MotorVehicles 2025-04-01 2026-03-31 13268504 core:Subsidiary1 2025-04-01 2026-03-31 13268504 core:Subsidiary1 1 2025-04-01 2026-03-31 13268504 countries:England 2025-04-01 2026-03-31 13268504 2025-03-31 13268504 core:CostValuation 2025-03-31 13268504 core:FurnitureFittingsToolsEquipment 2025-03-31 13268504 core:LandBuildings 2025-03-31 13268504 core:MotorVehicles 2025-03-31 13268504 2024-04-01 2025-03-31 13268504 2025-03-31 13268504 bus:OrdinaryShareClass1 2025-03-31 13268504 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 13268504 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 13268504 core:CurrentFinancialInstruments 2025-03-31 13268504 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13268504 core:Non-currentFinancialInstruments 2025-03-31 13268504 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13268504 core:MoreThanFiveYears 1 2025-03-31 13268504 core:FurnitureFittingsToolsEquipment 2025-03-31 13268504 core:LandBuildings 2025-03-31 13268504 core:MotorVehicles 2025-03-31 13268504 core:Subsidiary1 1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13268504

Studio Miaki Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Studio Miaki Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Studio Miaki Limited

Company Information

Director | M Tzoutzouli Kitsinis

Registered office | Unit 7, Cambridge Court 210 Shepherds Bush Road London Greater London W6 7NJ

Accountants | Thomas Alexander & Co Ltd Chartered Accountants 590 Green Lanes Palmers Green London N13 5RY

Studio Miaki Limited

(Registration number: 13268504)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 1,063,230 | 1,078,450
Investments | 5 | 100 | 100
|  | 1,063,330 | 1,078,550
Current assets |  |  |
Debtors | 6 | 97,286 | 66,171
Cash at bank and in hand |  | 503,976 | 242,897
|  | 601,262 | 309,068
Creditors: Amounts falling due within one year | 7 | (219,792) | (121,801)
Net current assets |  | 381,470 | 187,267
Total assets less current liabilities |  | 1,444,800 | 1,265,817
Creditors: Amounts falling due after more than one year | 7 | (859,323) | (943,889)
Net assets |  | 585,477 | 321,928
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 585,377 | 321,828
Shareholders' funds |  | 585,477 | 321,928

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 August 2026

Studio Miaki Limited

(Registration number: 13268504)
Balance Sheet as at 31 March 2026

......................................... M Tzoutzouli Kitsinis Director

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 7, Cambridge Court
210 Shepherds Bush Road
London
Greater London
W6 7NJ

These financial statements were authorised for issue by the director on 3 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible 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
Fixtures fittings & equipment | 25% Reducing balance method
Motor Vehicles | 25% Reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for goods sold & services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2025 - 7).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 1,043,855 | 29,275 | 34,414 | 1,107,544
Additions | - | 9,791 | - | 9,791
Disposals | - | - | (34,414) | (34,414)
At 31 March 2026 | 1,043,855 | 39,066 | - | 1,082,921
Depreciation
At 1 April 2025 | - | 13,231 | 15,863 | 29,094
Charge for the year | - | 6,460 | 4,638 | 11,098
Eliminated on disposal | - | - | (20,501) | (20,501)
At 31 March 2026 | - | 19,691 | - | 19,691
Carrying amount
At 31 March 2026 | 1,043,855 | 19,375 | - | 1,063,230
At 31 March 2025 | 1,043,855 | 16,044 | 18,551 | 1,078,450

Included within the net book value of land and buildings above is £1,043,855 (2025 - £1,043,855) in respect of freehold land and buildings.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 100
Provision
Carrying amount
At 31 March 2026 | 100
At 31 March 2025 | 100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Miaki M/E Ltd | Unit 7, Cambridge Court, 210 Shepherds Bush Road, London, Greater London, W6 7NJ, UK | Ordinary shares | 100% | 100%

Subsidiary undertakings
Miaki M/E Ltd Its financial period end is 31 July. The profit for the financial period of Miaki M/E Ltd was £135,796 and the aggregate amount of Capital and reserves at the end of the period was £131,889.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 96,967 | 2,868
Other debtors | 319 | 63,303
| 97,286 | 66,171

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 9 | 10,897 | 17,773
Trade creditors |  | 5,376 | 5,376
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 29,000 | 31,500
Taxation and social security |  | 128,656 | 30,510
Accruals and deferred income |  | 3,750 | 3,600
Other creditors |  | 42,113 | 33,042
|  | 219,792 | 121,801

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 9 | 750,527 | 776,606
Other loans |  | 108,796 | 167,283
|  | 859,323 | 943,889

| 2026 £ | 2025 £
Due after more than five years |  |
After more than five years by instalments | 750,527 | 763,709

| - | -

Creditors include bank loans repayable by instalments of £750,527.00 (2025 - £763,709.00) due after more than five years.

Studio Miaki Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 750,527 | 763,709
Hire purchase contracts | - | 12,897
| 750,527 | 776,606

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 10,897 | 10,897
Hire purchase contracts | - | 6,876
| 10,897 | 17,773

10 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £2,000.00 (2025 - £Nil) per ordinary share |  | 20,000 |  | -

11 | Related party transactions

Included in creditors is an amount of £29,000 (2025: £31,500) owed to Miaki M/E Ltd, a wholly owned subsidiary.