Studio No.34 Ltd

Studio No.34 Ltd is a small, active company based in London, UK, founded five years ago in January 2020. It's a solo-founded operation with one director and one owner, Ilter Zeynep Burcu, and employs just one person. The company operates from a virtual address, registered at Demsa Accounts 565 Green Lanes, Haringey – an address shared by 984 other companies. It’s involved in retail sales through stalls and markets, online, specialised design activities, and other service industries.

The company's website, Studio 24, focuses on reformer Pilates classes in Alderley Edge and Altrincham, Cheshire. It offers a range of classes, including lower body, full body, upper focus, gentle, pre/postnatal, and teacher training. The studio emphasizes a "mindbodysoul experience" and aims to create a positive and inviting space for all abilities. They even have an iOS and Android app.

Financially, Studio No.34 Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 180% to £1,400, which is a good sign. However, net current assets have fallen by 67%, dropping to £400. Trade creditors have remained steady at £830, but taxation and social security payable have skyrocketed by 1,100%, reaching £3,000—a worrying trend. Bank borrowings are also up. The company meets two of the three criteria to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The accounts are unaudited and described as "filleted," meaning they are simplified and rely on director-reported data.

Overall, Studio No.34 Ltd appears to be a small business facing some financial pressures. The increase in cash is encouraging, but the sharp rise in tax liabilities and the decline in net current assets suggest it’s burning through money faster than it’s bringing it in. The company’s reliance on a single director and owner, combined with the virtual address, hints at a lean operation—but also a potential lack of management depth.

Registered in England/Wales under the registration number 12411534, with a registered address at N8 0RL, England, London, Demsa Accounts 565 Green Lanes, Haringey.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.