MSP Studio Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 08647754

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		89		-

			89		-
CURRENT ASSETS
Debtors	5	10,452		18,794
Cash at bank and in hand		16,944		14,979

		27,396		33,773
Creditors: Amounts Falling Due Within One Year	6	(11,994 )		(19,392 )

NET CURRENT ASSETS (LIABILITIES)			15,402		14,381

TOTAL ASSETS LESS CURRENT LIABILITIES			15,491		14,381

Creditors: Amounts Falling Due After More Than One Year	7		(2,000 )		(6,000 )

NET ASSETS			13,491		8,381

CAPITAL AND RESERVES
Called up share capital			100		100
Income Statement			13,391		8,281

SHAREHOLDERS' FUNDS			13,491		8,381

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MSP Studio Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr M W Sodeau

Director

24/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MSP Studio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08647754 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33.33% straight line
Fixtures & Fittings	33.33% straight line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	20,951	20,899	41,850
Additions	-	125	125

As at 31 March 2025	20,951	21,024	41,975

...CONTINUED

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MSP Studio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	20,951	20,899	41,850
Provided during the period	-	36	36

As at 31 March 2025	20,951	20,935	41,886

Net Book Value
As at 31 March 2025	-	89	89

As at 1 April 2024	-	-	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	10,452	18,794

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	146	1,123
Bank loans and overdrafts	4,000	4,000
Other creditors	1,655	3,505
Taxation and social security	6,193	10,764

	11,994	19,392

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,000	6,000

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