Registration number:
Negroni Venture Studios Ltd
for the period from 7 October 2024 to 31 October 2025
Negroni Venture Studios Ltd
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Negroni Venture Studios Ltd
Company Information
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Director |
Mrs Liz Upton |
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Registered office |
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Negroni Venture Studios Ltd
(Registration number: 16002858)
Statement of Financial Position as at 31 October 2025
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Note |
2025 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
1 |
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Profit and loss account |
(87,519) |
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Shareholders' deficit |
(87,518) |
For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Principal activity
The principal activity of the company is the provision of funding and consultancy services for start-up companies.
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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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The director has provided financial support to the company, with the director's loan account being in credit by £176,074 at the year end.
Having considered the company's financial position and cash flow requirements, the director considers that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis continues to be appropriate in preparing the financial statements,
Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025 (continued)
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Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
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 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.
Tangible assets
Tangible assets are stated in the statement of financial position 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.
Intangible assets
Intangible assets are initially recognised at cost and subsequently measured at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Straight line over 5 years |
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025 (continued)
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Accounting policies (continued) |
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.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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:
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Depreciation method and rate for tangible assets |
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Asset class |
Depreciation method and rate |
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Leasehold improvements |
20% straight line |
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Fixtures and fittings |
20% reducing balance |
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Office equipment |
25% straight line |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025 (continued)
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Intangible assets |
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Other intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 October 2025 |
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Amortisation |
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Amortisation charge |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025 (continued)
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Tangible assets |
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Leasehold improvements |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 31 October 2025 |
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Depreciation |
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Charge for the period |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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Debtors |
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2025 |
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Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2025 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Negroni Venture Studios Ltd
Notes to the Unaudited Financial Statements for the period from 7 October 2024 to 31 October 2025 (continued)
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
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Not later than one year |
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Later than one year and not later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the period was £
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Related party transactions |
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Transactions with the director |
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2025 |
At 7 October 2024 |
Advances to director |
Repayments by director |
At 31 October 2025 |
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Loan from director |
- |
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( |
( |