REGISTERED NUMBER: 07373547 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Studio Nest Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Simpson

Mrs H Simpson

REGISTERED OFFICE:

The Design Studio

Thompsons Yard

Regent Parade

Harrogate

HG1 5BA

REGISTERED NUMBER:

07373547 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Intangible assets

4

7,250

-

Tangible assets

5

11,057

20,657

18,307

20,657

CURRENT ASSETS

Debtors

200,291

211,051

Cash at bank and in hand

2,805

16,513

203,096

227,564

CREDITORS

Amounts falling due within one year

94,860

110,471

NET CURRENT ASSETS

108,236

117,093

TOTAL ASSETS LESS CURRENT LIABILITIES

126,543

137,750

CREDITORS

Amounts falling due after more than one year

(9,340

)

(37,360

)

PROVISIONS FOR LIABILITIES

6

(733

)

(2,234

)

NET ASSETS

116,470

98,156

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

116,468

98,154

SHAREHOLDERS' FUNDS

116,470

98,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 December 2025 and were signed on its behalf by:

Mrs H Simpson - Director

1.	STATUTORY INFORMATION

Studio Nest 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.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

8,700

At 30 September 2025

8,700

AMORTISATION

Amortisation for year

1,450

At 30 September 2025

1,450

NET BOOK VALUE

At 30 September 2025

7,250

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

113,838

Disposals

(26,846

)

At 30 September 2025

86,992

DEPRECIATION

At 1 October 2024

93,181

Charge for year

2,991

Eliminated on disposal

(20,237

)

At 30 September 2025

75,935

NET BOOK VALUE

At 30 September 2025

11,057

At 30 September 2024

20,657

6.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

733

2,234

Deferred

tax

£

Balance at 1 October 2024

2,234

Credit to Income Statement during year

(1,501

)

Balance at 30 September 2025

733

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

Mr M Simpson and Mrs H Simpson

Balance outstanding at start of year

-

(20,877

)

Amounts advanced

(21,379

)

(38,448

)

Amounts repaid

-

59,325

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(21,379

)

-

9.	RELATED PARTY DISCLOSURES

At the year end, Concordia Projects Ltd, owed the company £186,409. Mr M Simpson & Mrs H Simpson were both directors of this company. The loan is interest free.

Director loan of £21,379 is money advanced to the Company by the Director as at 30 September 2025. The loan is unsecured and interest-free. The loan is repayable on demand.