Newstudio Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04325866

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,394,100		2,387,978

			2,394,100		2,387,978
CURRENT ASSETS
Debtors	5	51,319		187,948
Cash at bank and in hand		20,775		44,910

		72,094		232,858
Creditors: Amounts Falling Due Within One Year	6	23,994		29,303

NET CURRENT ASSETS (LIABILITIES)			96,088		262,161

TOTAL ASSETS LESS CURRENT LIABILITIES			2,490,188		2,650,139

Creditors: Amounts Falling Due After More Than One Year	7		(1,512,025 )		(1,468,569 )

NET ASSETS			978,163		1,181,570

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		898,751		1,075,472
Profit and Loss Account			79,312		105,998

SHAREHOLDERS' FUNDS			978,163		1,181,570

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Newstudio Limited

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 Oliver Cadle

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Newstudio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04325866 . The registered office is Knap Mill, Loddiswell, Kingsbridge, Devon, TQ7 4AQ.

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. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	Not depreciated
Leasehold	Not depreciated
Plant & Machinery	20%
Motor Vehicles	20%

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1

	1	1

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost or Valuation
As at 1 January 2024	1,183,539	1,192,939	11,500	-	2,387,978
Additions	1,980	-	-	5,000	6,980
Revaluation	342,939	(342,939 )	-	-	-

As at 31 December 2024	1,528,458	850,000	11,500	5,000	2,394,958

...CONTINUED

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Newstudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	-	-	-	-	-
Other	-	-	-	858	858

As at 31 December 2024	-	-	-	858	858

Net Book Value
As at 31 December 2024	1,528,458	850,000	11,500	4,142	2,394,100

As at 1 January 2024	1,183,539	1,192,939	11,500	-	2,387,978

5. Debtors

	2024	2023 as restated
	£	£
Due within one year
Other debtors - Rents Receivable (Debtors < 1 year)	433	3,797
Deferred tax current asset	42,140	42,140
VAT	8,746	8,746

	51,319	54,683
Due after more than one year
Directors loan account	-	133,265

	51,319	187,948

6. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Trade creditors	5,725	7,958
Other loans	(38,521 )	(38,521 )
Corporation tax	4,802	-
Rent Deposits (Current liabilities - creditors < 1 year)	-	1,260
Accruals and deferred income	4,000	-

	(23,994 )	(29,303 )

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

	2024	2023 as restated
	£	£
Mortgages (Long term liabilities - creditors > 1 year)	1,271,343	1,271,343
A Bagshaw Loan (Long term liabilities - creditors > 1 year)	197,226	197,226
Directors loan account	43,456	-

	1,512,025	1,468,569

8. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	100	100

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Newstudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	1,075,472
Surplus on revaluation	(176,721 )

As at 31 December 2024	898,751

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