Mps Studio Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI665668

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,049		4,049

			4,049		4,049
CURRENT ASSETS
Cash at bank and in hand		10		614

		10		614
Creditors: Amounts Falling Due Within One Year	5	(5,340 )		(2,580 )

NET CURRENT ASSETS (LIABILITIES)			(5,330 )		(1,966 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,281 )		2,083

Creditors: Amounts Falling Due After More Than One Year	6		(6,754 )		(7,539 )

NET LIABILITIES			(8,035 )		(5,456 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(8,037 )		(5,458 )

SHAREHOLDERS' FUNDS			(8,035)		(5,456)

Page 1

Page 2

Mps Studio Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 Ciaran Duffy

Director

24 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Mps Studio Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI665668 . The registered office is 82 Lagmore Dale, Dunmurry, Belfast, BT17 0TQ.

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. 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	15% Reducing Balance
Computer Equipment	15% Reducing Balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	838	5,000	5,838

As at 31 December 2024	838	5,000	5,838

Depreciation
As at 1 January 2024	126	1,663	1,789

As at 31 December 2024	126	1,663	1,789

Net Book Value
As at 31 December 2024	712	3,337	4,049

As at 1 January 2024	712	3,337	4,049

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	360	360
Director's loan account	4,980	2,220

	5,340	2,580

6. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	6,754	7,539

Page 3

Page 4

Mps Studio Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

8. Directors Advances, Credits and Guarantees

Dividends paid to directors