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Company registration number: 11990788
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FOR THE YEAR ENDED
31 MARCH 2025
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COMPANY INFORMATION
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C D Castle RIBA (Managing Director)
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B P Bacchus (Finance Director)
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M G Bruce RIBA (resigned 19 November 2025)
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Chartered Accountants & Statutory Auditor
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EPR STUDIO LIMITED
REGISTERED NUMBER:11990788
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
B P Bacchus (Finance Director)
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The notes on pages 2 to 7 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EPR Studio Limited is a private company limited by shares, registered in England and Wales, registration number 11990788. The registered office is disclosed on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Functional and presentational currency
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The company's functional and presentational currency is GBP.
Rental income is accounted for on an accruals basis over the term of the lease and is stated net of VAT.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investment property is carried at fair value determined annually by the directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Long term leasehold investment property
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The valuation was made by the directors of EPR Studio Limited, on an open market basis for existing use, in line with the Royal Insitution of Chartered Surveyors guidelines.
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Due after more than one year
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Called up share capital not paid
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Prepayments and accrued income
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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Details of securities given:
EPR Studio Limited have been granted a loan facility in the year of which £6,500,000 was drawndown as at 31 March 2025. This, and the existing bank borrowing, is supported by a charge over the investment property. There is also a guarantee provided by EPR Architects Limited and EPR Architects Group Limited, supported by debenture and cash deposit respectively.
Other loans represent amounts lent to EPR Studio Limited by EPR Architects Group Limited, a related party.
EPR Studio Limited has provided a guarantee, supported by debenture, to The Trustee Corporation Limited as Trustee of the EPR Group Limited Defined Benefits Scheme.
EPR Studio Limited is a related party of EPR Architects Limited and EPR Architects Group Limited, as disclosed further in note 9.
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A prior year adjustment has been posted to accrue insurance income for claims which related to the previous year totalling £126,746.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Related party transactions
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The directors and shareholders of EPR Studio Limited are also directors and indirect shareholders of EPR Architects Limited.
Within other creditors there is an amount of £6,614,496 (2024: £6,210,496) relating to a loan from EPR Architects Group Limited, which is repayable on demand. Interest was charged on the loan during the year of £137,570 (2024: £139,381)
The directors and shareholders of EPR Studio Limited are also directors and shareholders of EPR Architects Group
Limited.
EPR Architects Limited is a wholly owned subsidiary of EPR Architects Group Limited.
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The Directors are of the opinion that there is not one individual ultimate controlling party.
The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 22 December 2025 by Ralph Mitchison (FCA) (Senior Statutory Auditor) on behalf of Menzies LLP.
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