REGISTERED NUMBER: 03923797 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHOW STUDIO LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Knight

Mrs C Knight

SECRETARY:

Mrs C Knight

REGISTERED OFFICE:

16 Arlington Road

Richmond

Surrey

TW10 7BY

REGISTERED NUMBER:

03923797 (England and Wales)

FIXED ASSETS

Intangible assets

4

280

560

Property, plant and equipment

5

6,048

16,960

6,328

17,520

CURRENT ASSETS

Inventories

19,213

20,366

Debtors

104,836

155,800

Cash at bank and in hand

82,285

154,234

206,334

330,400

CREDITORS

Amounts falling due within one year

11,212,279

10,538,725

NET CURRENT LIABILITIES

(11,005,945

)

(10,208,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,999,617

)

(10,190,805

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,999,717

)

(10,190,905

)

SHAREHOLDERS' FUNDS

(10,999,617

)

(10,190,805

)

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

Mr N Knight - Director

1.	STATUTORY INFORMATION

Show Studio Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover is recognised when significant risks and rewards of ownership of goods and services have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33.3% on cost

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

10,716

AMORTISATION

At 1 April 2024

10,156

Amortisation for year

280

At 31 March 2025

10,436

NET BOOK VALUE

At 31 March 2025

280

At 31 March 2024

560

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

633,832

Additions

4,204

At 31 March 2025

638,036

DEPRECIATION

At 1 April 2024

616,872

Charge for year

15,116

At 31 March 2025

631,988

NET BOOK VALUE

At 31 March 2025

6,048

At 31 March 2024

16,960

6.	RELATED PARTY DISCLOSURES

Included in debtors was a loan of £Nil (2024: £1,331 made to Showstudio Productions Limited, a company controlled by the director, Mr N Knight. The loan was interest free, unsecured and repayable on demand.

Creditors include a loan of £10,890,586 (2024: £10,285,151) owed to the parent company, NK Image Limited. The loan is interest free, unsecured and repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Knight.

NK Image Limited is the parent company, whose registered office and principal place of business is 16 Arlington Road, Richmond, Surrey, TW10 7BY.

8.	GOING CONCERN

The accounts are prepared on a going concern basis as financial support will continue to be provided by the parent company, NK Image Limited, as and when required in order for the company to meet its obligations and liabilities.