CORNWALL STUDIOS LTD

CORNWALL STUDIOS LTD

Statement of Financial Position

As at 30 June 2025

	£	2025 £	£	2024 £
Fixed assets		22,260		25,362
Current assets	110		110
Creditors: amount falling due within one year	(21,468)		(20,990)
Net current assets/(liabilities)		(21,358)		(20,880)
Total assets less current liabilities		902		4,482
Net assets/(liabilities)		902		4,482


Capital and reserves		902		4,482

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

----------------------------------
Jacqueline Anne O'Neill
Director

Date approved: 08 October 2025

CORNWALL STUDIOS LTD

Notes to the Accounts

For the year ended 30 June 2025

Statutory Information

CORNWALL STUDIOS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11464230, registration address The Old Manse, 11 Victoria Road, Camelford, Cornwall, PL32 9XA, United Kingdom.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	10% Reducing Balance
Motor Vehicles	10% Reducing Balance

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Intangible fixed assets

Cost or Valuation	Goodwill	Total
	£	£
At 01 July 2024	19,500	19,500
Additions	-	-
At 30 June 2025	19,500	19,500
Amortisation
At 01 July 2024	3,705	3,705
Charge for year	2,145	2,145
At 30 June 2025	5,850	5,850
Net book values
At 30 June 2025	13,650	13,650
At 30 June 2024	15,795	15,795

Tangible fixed assets

Cost or Valuation	Fixtures and Fittings	Motor Vehicles	Total
	£	£	£
At 01 July 2024	3,455	11,110	14,565
Additions	-	-	-
At 30 June 2025	3,455	11,110	14,565
Depreciation
At 01 July 2024	1,177	3,821	4,998
Charge for year	228	729	957
At 30 June 2025	1,405	4,550	5,955
Net book values
Closing balance as at 30 June 2025	2,050	6,560	8,610
Opening balance as at 01 July 2024	2,278	7,289	9,567

4.	Average number of employees Average number of employees during the year were 2 (2024: 2).