REGISTERED NUMBER: 06775453 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Eton Studios Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Foster

REGISTERED OFFICE:

Hallands

38 Fleet Road

Fleet

Hampshire

GU51 4PW

BUSINESS ADDRESS:

15 High Street

Eton

Berkshire

SL4 6AX

REGISTERED NUMBER:

06775453 (England and Wales)

ACCOUNTANTS:

Hannaways

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

FIXED ASSETS

Tangible assets

4

51,408

52,632

Investments

5

29,930

29,930

81,338

82,562

CURRENT ASSETS

Debtors

6

6,922

11,979

Cash at bank and in hand

5,508

1,012

12,430

12,991

CREDITORS

Amounts falling due within one year

7

84,303

87,984

NET CURRENT LIABILITIES

(71,873

)

(74,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,465

7,569

CREDITORS

Amounts falling due after more than one year

8

27,315

30,555

NET LIABILITIES

(17,850

)

(22,986

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(17,950

)

(23,086

)

SHAREHOLDERS' FUNDS

(17,850

)

(22,986

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:

J C Foster - Director

1.	STATUTORY INFORMATION

Eton Studios 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

Over the term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Investments in subsidiary companies are stated at deemed cost, which is the carrying amount at the date of transition as determined under previous UK GAAP.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1st January 2024

40,592

24,745

43,419

Additions

-

889

2,800

At 31st December 2024

40,592

25,634

46,219

DEPRECIATION

At 1st January 2024

12,582

13,246

39,969

Charge for year

2,706

1,150

517

At 31st December 2024

15,288

14,396

40,486

NET BOOK VALUE

At 31st December 2024

25,304

11,238

5,733

At 31st December 2023

28,010

11,499

3,450

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

22,500

24,756

156,012

Additions

-

1,469

5,158

At 31st December 2024

22,500

26,225

161,170

DEPRECIATION

At 1st January 2024

17,592

19,991

103,380

Charge for year

981

1,028

6,382

At 31st December 2024

18,573

21,019

109,762

NET BOOK VALUE

At 31st December 2024

3,927

5,206

51,408

At 31st December 2023

4,908

4,765

52,632

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1st January 2024

and 31st December 2024

22,500

DEPRECIATION

At 1st January 2024

17,592

Charge for year

981

At 31st December 2024

18,573

NET BOOK VALUE

At 31st December 2024

3,927

At 31st December 2023

4,908

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

29,930

NET BOOK VALUE

At 31st December 2024

29,930

At 31st December 2023

29,930

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,679

3,373

Other debtors

-

5,314

Prepayments and accrued income

3,243

3,292

6,922

11,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

22,330

Trade creditors

20,835

23,544

Corporation tax

11,685

10,868

Social security and other taxes

37,132

30,706

Other creditors

-

493

Directors' current accounts

9,095

43

84,303

87,984

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,556

5,556

Bank loans - 2-5 years

16,668

16,668

Bank loans more 5 yr by instal

5,091

8,331

27,315

30,555

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,091

8,331

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Between one and five years

30,000

30,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1st January 2024

(23,086

)

Profit for the year

43,830

Dividends

(38,694

)

At 31st December 2024

(17,950

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is J C Foster.