Registration number: 12747599

Albus Studios Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Albus Studios Ltd

(Registration number: 12747599)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	78,531	93,244
Current assets
Debtors	5	2,749	1,208
Cash at bank and in hand		7,172	1,068
		9,921	2,276
Creditors: Amounts falling due within one year	6	(66,967)	(50,498)
Net current liabilities		(57,046)	(48,222)
Total assets less current liabilities		21,485	45,022
Creditors: Amounts falling due after more than one year	6	-	(29,000)
Provisions for liabilities		(7,670)	-
Net assets		13,815	16,022
Capital and reserves
Called up share capital		2	2
Profit and loss account		13,813	16,020
Shareholders' funds		13,815	16,022

For the financial period ending 31 January 2025 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been 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 Income Statement.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

Albus Studios Ltd

(Registration number: 12747599)
Statement of Financial Position as at 31 January 2025

......................................... Mrs K H White Director

Albus Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

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.

Albus Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

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 statement of financial position 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
Plant and machinery	25% reducing balance method
Motor vehicles	12.5% reducing balance method

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Albus Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

Albus Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2023	112,043	29,950	141,993
Additions	4,163	-	4,163
Disposals	(200)	-	(200)
At 31 January 2025	116,006	29,950	145,956
Depreciation
At 1 August 2023	41,729	7,020	48,749
Charge for the period	19,481	2,866	22,347
Eliminated on disposal	(3,671)	-	(3,671)
At 31 January 2025	57,539	9,886	67,425
Carrying amount
At 31 January 2025	58,467	20,064	78,531
At 31 July 2023	70,314	22,930	93,244

5

Debtors

	2025 £	2023 £
Trade debtors	2,749	-
Prepayments	-	1,208
	2,749	1,208

Albus Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2023 £
Bank loans and overdrafts	7	29,000	2,311
Trade creditors		-	1,090
Taxation and social security		5,701	4,378
Accruals and deferred income		2,550	1,860
Other creditors		29,716	40,859
		66,967	50,498

Creditors: amounts falling due after more than one year

	Note	2025 £	2023 £
Loans and borrowings	7	-	29,000

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2023 £
Bank borrowings	-	29,000

Current loans and borrowings

	2025 £	2023 £
Bank borrowings	29,000	2,311