Gabha Creative Studios Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13964231

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,690		16,166

			28,690		16,166
CURRENT ASSETS
Debtors	5	301		9,320
Cash at bank and in hand		44		10

		345		9,330
Creditors: Amounts Falling Due Within One Year	6	(23,037 )		(33,134 )

NET CURRENT ASSETS (LIABILITIES)			(22,692 )		(23,804 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,998		(7,638 )

NET ASSETS/(LIABILITIES)			5,998		(7,638 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			5,898		(7,738 )

SHAREHOLDERS' FUNDS			5,998		(7,638)

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dafydd Upsdell

Director

12th August 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Gabha Creative Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13964231 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern with the continued support from it's sister company in Ireland.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing balance
Computer Equipment	33.33% Straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: NIL)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	850	21,450	22,300
Additions	-	23,029	23,029

As at 31 March 2025	850	44,479	45,329

...CONTINUED

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Gabha Creative Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	226	5,908	6,134
Provided during the period	156	10,349	10,505

As at 31 March 2025	382	16,257	16,639

Net Book Value
As at 31 March 2025	468	28,222	28,690

As at 1 April 2024	624	15,542	16,166

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	9,220
Director's loan account	301	100

	301	9,320

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	-
Bank loans and overdrafts	8,823	-
Other taxes and social security	3,337	-
VAT	10,365	1,944
Accruals and deferred income	513	175
Amounts owed to group undertakings	-	31,015

	23,037	33,134

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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