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Registration number: 03373123

5th Studio Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

5th Studio Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

5th Studio Ltd

Company Information

Directors | Professor Thomas Simeon David Holbrook Mr Oliver Smith

Company secretary | Professor Thomas Simeon David Holbrook

Registered office | Unit 8 Dales Brewery Gwydir Street Cambridge Cambridgeshire CB1 2LJ

Accountants | Tayabali & White 5 High Green Great Shelford Cambridge Cambridgeshire CB22 5EG

5th Studio Ltd

(Registration number: 03373123)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,012 | 5,681
Current assets |  |  |
Stocks | 5 | 505,313 | 532,022
Debtors | 6 | 222,456 | 194,659
|  | 727,769 | 726,681
Creditors: Amounts falling due within one year | 7 | (478,063) | (555,114)
Net current assets |  | 249,706 | 171,567
Total assets less current liabilities |  | 251,718 | 177,248
Creditors: Amounts falling due after more than one year | 7 | (212,525) | (204,066)
Net assets/(liabilities) |  | 39,193 | (26,818)
Capital and reserves |  |  |
Called up share capital | 8 | 1,020 | 1,020
Retained earnings |  | 38,173 | (27,838)
Shareholders' funds/(deficit) |  | 39,193 | (26,818)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

5th Studio Ltd

(Registration number: 03373123)
Balance Sheet as at 31 March 2025

......................................... Mr Oliver Smith Director

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 03373123.

The address of its registered office is:
Unit 8 Dales Brewery
Gwydir Street
Cambridge
Cambridgeshire
CB1 2LJ

These financial statements were authorised for issue by the Board on 16 September 2025.

2 | 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).
The financial statements are prepared in £ sterling, which is the functional currency of the entity.

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.

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 sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% straight line basis
Office equipment | 25% straight line basis

Stocks

Work in progress is calculated by percentage of the contract value time completed, less value already invoiced.

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 19).

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 59,857 | 23,210 | 5,494 | 88,561
At 31 March 2025 | 59,857 | 23,210 | 5,494 | 88,561
Depreciation
At 1 April 2024 | 57,381 | 23,210 | 2,289 | 82,880
Charge for the year | 2,295 | - | 1,374 | 3,669
At 31 March 2025 | 59,676 | 23,210 | 3,663 | 86,549
Carrying amount
At 31 March 2025 | 181 | - | 1,831 | 2,012
At 31 March 2024 | 2,476 | - | 3,205 | 5,681

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 505,313 | 532,022

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 181,197 | 62,807
Prepayments | 20,016 | 30,287
Other debtors | 21,243 | 101,565
| 222,456 | 194,659

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 167,239 | 150,173
Trade creditors |  | 84,156 | 138,271
Taxation and social security |  | 180,744 | 210,836
Accruals and deferred income |  | 6,354 | 13,151
Other creditors |  | 39,570 | 42,683
|  | 478,063 | 555,114

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 212,525 | 204,066

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 of £1 each | 1,020 | 1,020 | 1,020 | 1,020

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 29,861 | 122,827
Other borrowings | 182,664 | 81,239
| 212,525 | 204,066

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 157,025 | 130,522
Bank overdrafts | 3,839 | 17,651
Other borrowings | 6,375 | 2,000
| 167,239 | 150,173