| Emote Studio London Limited |
| Registered number: |
10015450 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
11,967 |
|
|
95 |
| Cash at bank |
|
|
- |
|
|
22,008 |
|
|
|
11,967 |
|
|
22,103 |
|
| Creditors: amounts falling due within one year |
4 |
|
(3,360) |
|
|
(10,123) |
|
| Net current assets |
|
|
|
8,607 |
|
|
11,980 |
|
| Total assets less current liabilities |
|
|
|
8,607 |
|
|
11,980 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(8,640) |
|
|
(11,880) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(33) |
|
|
100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(133) |
|
|
- |
|
| Shareholder's funds |
|
|
|
(33) |
|
|
100 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
|
| Emily Jane Greenhalgh |
| Director |
| Approved by the board on 10 December 2023 |
|
| Emote Studio London Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared on a basis other than going concern and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company is operating on a non trading basis until the outstanding bounce back loan has been repaid to a third party in full, at which point the company will be dissolved. |
|
|
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. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Amounts Due From Shareholders |
|
87 |
|
95 |
|
Intercompany Loan |
11,880 |
|
- |
|
|
|
|
|
|
11,967 |
|
95 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
8,640 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bounce Bank Loan |
3,240 |
|
3,240 |
|
Director's Loan Account |
- |
|
3,202 |
|
Trade Creditors |
- |
|
65 |
|
Corporation Tax |
- |
|
2,810 |
|
Accruals |
120 |
|
806 |
|
|
|
|
|
|
3,360 |
|
10,123 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank Loan |
8,640 |
|
11,880 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
At the year end the director, Emily Jane Greenhalgh, was owed £Nil by the company (2022: £3,202). Due to the registered office moving from England to Scotland this company, Emote Studio London Limited, owned and run by Emily Jane Greenhalgh, has stopped trading and trade was transferred to Emote Studio Design Ltd as of the 1st April 2022. The bounce back loan of Emote Studio London Limited is unable to be transferred to Emote Studio Design Ltd. The balance of the loan has been transferred to Emote Studio Design Ltd via an intercompany loan, with interest payable at the same rate as that of the bounce back loan at 2.5% per annum fixed. The terms of the intercompany loan are in line with the bouce back loan and will be repaid in full by the end of November 2026. |
|
|
| 7 |
Other information |
|
|
Emote Studio London Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 Frensham Road |
|
Kenley |
|
Surrey |
|
CR8 5NS |
