REGISTERED NUMBER: 09808009 (England and Wales)

LIGHTSHIP 95 STUDIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Barrett

D W Holmes

REGISTERED OFFICE:

Lightship 95

Trinity Buoy Wharf

64 Orchard Place

London

E14 0JW

REGISTERED NUMBER:

09808009 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

58,326

60,827

CURRENT ASSETS

Debtors

5

5,288

15,820

Cash at bank

4,005

6,307

9,293

22,127

CREDITORS

Amounts falling due within one year

6

(24,992

)

(30,776

)

NET CURRENT LIABILITIES

(15,699

)

(8,649

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,627

52,178

CREDITORS

Amounts falling due after more than one year

7

(596

)

(4,422

)

NET ASSETS

42,031

47,756

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

41,927

47,652

SHAREHOLDERS' FUNDS

42,031

47,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

G Barrett - Director

D W Holmes - Director

1.	STATUTORY INFORMATION

Lightship 95 Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixture & Fittings

-

2% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Fixture &

Computer

machinery

Fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

39,977

40,000

10,008

89,985

Additions

5,014

-

728

5,742

At 31 March 2025

44,991

40,000

10,736

95,727

DEPRECIATION

At 1 April 2024

20,378

3,200

5,580

29,158

Charge for year

6,154

800

1,289

8,243

At 31 March 2025

26,532

4,000

6,869

37,401

NET BOOK VALUE

At 31 March 2025

18,459

36,000

3,867

58,326

At 31 March 2024

19,599

36,800

4,428

60,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,011

12,761

Prepayments

277

3,059

5,288

15,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,993

3,993

Trade creditors

-

1,539

Corporation Tax

-

3,553

Sundry creditors

22

127

Directors' current accounts

18,273

17,920

Deferred income

380

1,145

Accrued expenses

2,324

2,499

24,992

30,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

596

3,993

Bank loans - 2-5 years

-

429

596

4,422