Registration number: 13494334

Nusa Studios Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Nusa Studios Ltd

Company Information

Directors

Mr P Hutchinson Mr TO Hart

Registered office

Office 31 Cattle Market Street Norwich Norfolk NR1 3DY

Accountants

Perk Accounting Limited Office, 31 Cattle Market Street Norwich Norfolk NR1 3DY

Nusa Studios Ltd

(Registration number: 13494334)
Balance Sheet as at 31 December 2024

	Note	2024 £	2024 £
Fixed assets
Intangible assets	4	7,600	9,600
Tangible assets	5	44,280	47,428
		51,880	57,028
Current assets
Debtors	6	192,290	366,561
Cash at bank and in hand		426,358	343,455
		618,648	710,016
Creditors: Amounts falling due within one year	7	(258,800)	(302,616)
Net current assets		359,848	407,400
Total assets less current liabilities		411,728	464,428
Provisions for liabilities		(7,734)	(11,178)
Net assets		403,994	453,250
Capital and reserves
Called up share capital	8	2	2
Retained earnings		403,992	453,248
Shareholders' funds		403,994	453,250

For the financial period ending 31 December 2024 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 period 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 30 September 2025 and signed on its behalf by:
 

......................................... Mr P Hutchinson Director

......................................... Mr TO Hart Director

Nusa Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

1	General information

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

The address of its registered office is:
Office
31
Cattle Market Street
Norwich
Norfolk
NR1 3DY
England

These financial statements were authorised for issue by the Board on 30 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).

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

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.

Nusa Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Office Equipment	Straight line over 3 years
Motor Vehicle	Straight line over 5 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 yeasr straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Nusa Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 period, was 14 (2024 - 11).

Nusa Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	24,000	24,000
At 31 December 2024	24,000	24,000
Amortisation
At 1 August 2024	14,400	14,400
Amortisation charge	2,000	2,000
At 31 December 2024	16,400	16,400
Carrying amount
At 31 December 2024	7,600	7,600
At 31 July 2024	9,600	9,600

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	48,768	29,295	78,063
Additions	6,659	-	6,659
At 31 December 2024	55,427	29,295	84,722
Depreciation
At 1 August 2024	24,776	5,859	30,635
Charge for the period	7,366	2,441	9,807
At 31 December 2024	32,142	8,300	40,442
Carrying amount
At 31 December 2024	23,285	20,995	44,280
At 31 July 2024	23,992	23,436	47,428

6

Debtors

Nusa Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

Current	2024 £	2024 £
Trade debtors	168,362	355,133
Prepayments	23,928	7,535
Other debtors	-	3,893
	192,290	366,561

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2024 £
Due within one year
Trade creditors	29,082	50,220
Taxation and social security	180,644	187,623
Accruals and deferred income	-	16,000
Other creditors	49,074	48,773
	258,800	302,616

8	Share capital

Allotted, called up and fully paid shares

	2024		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2