Studio Systems UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05697223 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Studio Systems UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Barnes

SECRETARY:

Mrs P Sayers

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

05697223 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

130,000

Investment property

4

130,000

CURRENT ASSETS

5,190

Cash at bank

31,446

CREDITORS

72,810

Amounts falling due within one year

5

74,407

(67,620

)

NET CURRENT LIABILITIES

(42,961

)

62,380

TOTAL ASSETS LESS CURRENT LIABILITIES

87,039

3,127

PROVISIONS FOR LIABILITIES

2,520

59,253

NET ASSETS

84,519

CAPITAL AND RESERVES

100

Called up share capital

100

59,153

Retained earnings

84,419

59,253

SHAREHOLDERS' FUNDS

84,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 January 2019 and were signed by:

R Barnes - Director

1.	STATUTORY INFORMATION

Studio Systems UK Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

and 30 April 2018

130,000

NET BOOK VALUE

At 30 April 2018

130,000

At 30 April 2017

130,000

Fair value at 30 April 2018 is represented by:

£

Valuation in 2015

27,162

Valuation in 2016

4,000

Valuation in 2017

5,000

Cost

93,838

130,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Taxation and social security

6,078

1,628

Other creditors

68,329

71,182

74,407

72,810