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UNFOLD STUDIO LIMITED

Registered Number
08930436
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

UNFOLD STUDIO LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors | Mr H R Briscoe
| Mrs N A Briscoe

Registered Address | 206 Krowji West Park
| Redruth
| TR15 3AJ

Registered Number | 08930436 (England and Wales)

UNFOLD STUDIO LIMITED
Balance Sheet as at
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 4 |  |  | 11,342 |  |  |  | 10,284
|  |  |  | 11,342 |  |  |  | 10,284
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 34,736 |  |  |  | 39,937 |  |
Cash at bank and on hand |  | 80,966 |  |  |  | 90,941 |  |
|  | 115,702 |  |  |  | 130,878 |  |
Creditors amounts falling due within one year | 6 | (47,084) |  |  |  | (54,432) |  |
Net current assets (liabilities) |  |  |  | 68,618 |  |  |  | 76,446
Total assets less current liabilities |  |  |  | 79,960 |  |  |  | 86,730
Provisions for liabilities |  |  |  | (2,155) |  |  |  | (1,954)
Net assets |  |  |  | 77,805 |  |  |  | 84,776
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 77,705 |  |  |  | 84,676
Shareholders' funds |  |  |  | 77,805 |  |  |  | 84,776

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2025, and are signed on its behalf by:
Mr H R Briscoe Director Registered Company No. 08930436

UNFOLD STUDIO LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from artistic services and is recognised when the performance obligations have been satisfied.

| Operating leases
--- | ---
| Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable.

| Current taxation
--- | ---
| Current tax represents the amount of tax payable in respect of taxable profit for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Goodwill
--- | ---
| Goodwill arising on an acquisition of a business in 2014 has been fully amortised.

| Tangible fixed assets and depreciation
--- | ---
| Depreciation is calculated so as to write off the cost of an asset over the useful economic life of the respective asset as follows:

|  | Reducing balance (%)
| Plant and machinery | 25

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 1 |  | 1

3. | Intangible assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 April 24 | 10,500
| At 31 March 25 | 10,500
| Amortisation and impairment
| At 01 April 24 | 10,500
| At 31 March 25 | 10,500
| Net book value
| At 31 March 25 | -
| At 31 March 24 | -

4. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 April 24 | 36,173
| Additions | 4,838
| At 31 March 25 | 41,011
| Depreciation and impairment
| At 01 April 24 | 25,889
| Charge for year | 3,780
| At 31 March 25 | 29,669
| Net book value
| At 31 March 25 | 11,342
| At 31 March 24 | 10,284

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 33,769 |  | 38,855
| Other debtors | 230 |  | 230
| Prepayments and accrued income | 737 |  | 852
| Total | 34,736 |  | 39,937

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 2,364 |  | 2,348
| Bank borrowings and overdrafts | 2,795 |  | -
| Taxation and social security | 14,850 |  | 19,689
| Other creditors | 26,025 |  | 29,766
| Accrued liabilities and deferred income | 1,050 |  | 2,629
| Total | 47,084 |  | 54,432

7. | Related party transactions
--- | ---
| As at the balance sheet date, the company owed the directors £22,687 (2024: £28,250). This amount is shown within creditors repayable within one year. The loan to the company is free of interest and repayable on demand.