Registration number: 2227528

Hean Studio Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 11

Hean Studio Ltd

Company Information

Directors

Mr David V Bottoms Mr A Newton Mrs M Trinder Mr P Nootenboom

Registered office

The Shrublands Kingsland Leominster Herefordshire HR6 9QU

Accountants

D V Bottoms & Co Ltd Accountants8 Drapers Lane Leominster Herefordshire HR6 8ND

Hean Studio Ltd

(Registration number: 2227528)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	636,682	653,475
Current assets
Stocks	5	323,327	353,765
Debtors	6	551,952	500,514
Cash at bank and in hand		116,739	174,335
		992,018	1,028,614
Creditors: Amounts falling due within one year	7	(404,513)	(358,546)
Net current assets		587,505	670,068
Total assets less current liabilities		1,224,187	1,323,543
Creditors: Amounts falling due after more than one year	7	(13,096)	(23,278)
Provisions for liabilities		(9,061)	(9,061)
Net assets		1,202,030	1,291,204
Capital and reserves
Called up share capital	8	200	200
Share premium reserve		60,000	60,000
Retained earnings		1,141,830	1,231,004
Shareholders' funds		1,202,030	1,291,204

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

......................................... Mrs M Trinder Director

Hean Studio Ltd

Statement of Changes in Equity for the Year Ended 30 April 2025

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 May 2024	200	60,000	1,231,004	1,291,204
Profit for the year	-	-	10,879	10,879
Dividends	-	-	(100,053)	(100,053)
At 30 April 2025	200	60,000	1,141,830	1,202,030

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 May 2023	200	60,000	1,325,442	1,385,642
Profit for the year	-	-	5,616	5,616
Dividends	-	-	(100,054)	(100,054)
At 30 April 2024	200	60,000	1,231,004	1,291,204

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Shrublands
Kingsland
Leominster
Herefordshire
HR6 9QU

These financial statements were authorised for issue by the Board on 18 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Building	No Depreciation is charged
Plant & Equipment	25% written down basis
Fixtures & Fittings	25% written down basis
Office equipment	25% written down basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 15).

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 May 2024	581,767	361,578	765,600	1,708,945
At 30 April 2025	581,767	361,578	765,600	1,708,945
Depreciation
At 1 May 2024	-	343,992	711,478	1,055,470
Charge for the year	-	3,263	13,530	16,793
At 30 April 2025	-	347,255	725,008	1,072,263
Carrying amount
At 30 April 2025	581,767	14,323	40,592	636,682
At 30 April 2024	581,767	17,586	54,122	653,475

Included within the net book value of land and buildings above is £581,767 (2024 - £581,767) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	323,327	353,765

6

Debtors

Current	2025 £	2024 £
Trade debtors	382,888	316,586
Prepayments	31,766	19,808
Other debtors	137,298	164,120
	551,952	500,514

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	200,000	200,000
Trade creditors		98,553	62,213
Taxation and social security		92,960	83,298
Accruals and deferred income		13,000	13,035
		404,513	358,546

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	13,096	23,278

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	200	200	200	200

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	13,096	23,278

Current loans and borrowings

	2025 £	2024 £
Other borrowings	200,000	200,000

Bank borrowings

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Mr A Newton Loan is denominated in with a nominal interest rate of %, and the final instalment is due on . The carrying amount at year end is £200,000 (2024 - £200,000). Loan is secured against freehold property owned by Hean Studio Ltd

10

Dividends

		2025		2024
		£		£

11	Related party transactions

Hean Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	7,200	7,200