Neal St. Studio Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04997218 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

NEAL ST. STUDIO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr W P Williams

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

04997218 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

4,012

5,349

Investments

5

51

51

4,063

5,400

CURRENT ASSETS

Debtors

6

109,000

109,000

Cash at bank

2,401,464

2,291,871

2,510,464

2,400,871

CREDITORS

Amounts falling due within one year

7

604,227

602,665

NET CURRENT ASSETS

1,906,237

1,798,206

TOTAL ASSETS LESS CURRENT LIABILITIES

1,910,300

1,803,606

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,910,200

1,803,506

SHAREHOLDERS' FUNDS

1,910,300

1,803,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:

Mr W P Williams - Director

1.	STATUTORY INFORMATION

Neal St. Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

7,651

12,595

20,246

DEPRECIATION

At 1 April 2022

7,279

7,618

14,897

Charge for year

93

1,244

1,337

At 31 March 2023

7,372

8,862

16,234

NET BOOK VALUE

At 31 March 2023

279

3,733

4,012

At 31 March 2022

372

4,977

5,349

5.	FIXED ASSET INVESTMENTS

Unlisted

investme

£

COST

At 1 April 2022

and 31 March 2023

51

NET BOOK VALUE

At 31 March 2023

51

At 31 March 2022

51

The company's investments at the Balance Sheet date in the share capital of companies include the following:

THE THIRD COMPANY LIMITED

Registered office:

Nature of business: lighting and sound technical consultancy

%

Class of shares:

holding

Ordinary A

Ordinary B

50.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

100

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed by group undertakings

86,138

86,138

Other debtors

22,862

22,862

109,000

109,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

-

(1

)

VAT

14,108

1,152

Other creditors

-

17

Directors' current accounts

586,319

597,697

Accruals and deferred income

3,800

3,800

604,227

602,665

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £86,138 by Neal St. Properties LLP (2022: £86,138).The companies are related parties by virtue of the fact that they are under common control.

At balance sheet date, the company owed the director, Mr W P Williams £586,319 (2022: £597,698). This is an interest free loan to the company and is included in other creditors.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W P Williams.