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REGISTERED NUMBER: 11389848 (England and Wales)

NO 21 FLOOR STUDIO LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

NO 21 FLOOR STUDIO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | P Robinson

| A Robinson

| REGISTERED OFFICE: | c/o Cox Costello & Horne

| Batchworth Lock House

| 99 Church Street

| Rickmansworth

| WD3 1JJ

| REGISTERED NUMBER: | 11389848 (England and Wales)

| ACCOUNTANTS: | Cox Costello & Horne

| Chartered Accountants and Tax Advisors

| Batchworth Lock House

| 99 Church Street, Rickmansworth

| WD3 1JJ

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

BALANCE SHEET

31 MAY 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 24,911 |  | 37,367 |  |

Tangible assets | 5 | 752 |  | 1,248 |  |

Investments | 6 | 50,000 |  | 50,000 |  |

75,663 |  | 88,615 |  |

CURRENT ASSETS

Stocks | 3,000 |  | 3,000 |  |

Debtors | 7 | 5,121 |  | 6,055 |  |

Cash at bank and in hand | 880 |  | 10,690 |  |

9,001 |  | 19,745 |  |

CREDITORS

Amounts falling due within one year | 8 | 60,564 |  | 93,113 |  |

NET CURRENT LIABILITIES | (51,563 | ) | (73,368 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,100 |  | 15,247 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,104 | ) | (9,850 | ) |

PROVISIONS FOR LIABILITIES | - |  | (542 | ) |

NET ASSETS | 22,996 |  | 4,855 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 12,996 |  | (5,145 | ) |

22,996 |  | 4,855 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

BALANCE SHEET - continued

31 MAY 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2026 and were signed on its behalf by:

P Robinson - Director

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| No 21 Floor 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.

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.

| Going concern basis

| After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Preparation of consolidated financial statements

| The financial statements contain information about No 21 Floor Studio Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Sales are usually by cash, credit or payment card.

| Turnover is wholly derived within the United Kingdom.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost

| All assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation. The cost of an asset initially recognised includes its purchase price and any cost that is directly attributable to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Investments in subsidiaries

| Investments in subsidiaries are carried at cost less accumulated impairment.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| a) Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| b) Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| c) Cash at bank

| Cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a change 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.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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. |  |

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs

| The company makes contributions into the personal retirement schemes of certain staff. Contributions by the company and staff are determined by mutual agreement.

| Staff contract directly with the pension company, and assets of those schemes are held separately from those of the company. The company acts as agent in collecting and paying over staff pension contributions. Once the contributions have been paid, the company as employer has no further obligations.

| The company's contributions are charged to the profit and loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 3 ) .

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 June 2024

| and 31 May 2025 | 62,279 |  |

| AMORTISATION

| At 1 June 2024 | 24,912 |  |

| Charge for year | 12,456 |  |

| At 31 May 2025 | 37,368 |  |

| NET BOOK VALUE

| At 31 May 2025 | 24,911 |  |

| At 31 May 2024 | 37,367 |  |

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 June 2024 | 20,615 |  |

| Additions | 8 |  |

| At 31 May 2025 | 20,623 |  |

| DEPRECIATION

| At 1 June 2024 | 19,367 |  |

| Charge for year | 504 |  |

| At 31 May 2025 | 19,871 |  |

| NET BOOK VALUE

| At 31 May 2025 | 752 |  |

| At 31 May 2024 | 1,248 |  |

6. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 June 2024

| and 31 May 2025 | 50,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 50,000 |  |

| At 31 May 2024 | 50,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Trade debtors | 4,984 |  | 3,029 |  |

| Other debtors | 137 |  | 3,026 |  |

5,121 |  | 6,055 |  |

NO 21 FLOOR STUDIO LIMITED (REGISTERED NUMBER: 11389848)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Bank loan | 9,165 |  | 9,583 |  |

| Trade creditors | 9,985 |  | 12,054 |  |

| Amounts owed to group undertaking | 28,088 |  | 29,000 |  |

| Taxation and social security | 10,720 |  | 11,877 |  |

| Other creditors | 2,606 |  | 30,599 |  |

60,564 |  | 93,113 |  |

| Amounts owed by group undertaking are unsecured, yield no interest, have no fixed terms of repayment and is considered to be payable on demand.

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Bank loan | 1,104 |  | 9,850 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.25 | 31.5.24 |

| £ | £

| Within one year | - |  | 3,466 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25 | 31.5.24 |

| £ | £

| P Robinson

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 10,163 |  | - |  |

| Amounts repaid | (10,074 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 89 |  | - |  |

| A Robinson

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 10,963 |  | - |  |

| Amounts repaid | (10,914 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 49 |  | - |  |

| Amounts outstanding are unsecured, yield no interest, have no fixed terms of repayment and is considered to be payable on demand.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

NO 21 FLOOR STUDIO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of No 21 Floor Studio Limited for the year ended 31 May 2025 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of No 21 Floor Studio Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of No 21 Floor Studio Limited and state those matters that we have agreed to state to the Board of Directors of No 21 Floor Studio Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than No 21 Floor Studio Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that No 21 Floor Studio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of No 21 Floor Studio Limited. You consider that No 21 Floor Studio Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of No 21 Floor Studio Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cox Costello & Horne

Chartered Accountants and Tax Advisors

Batchworth Lock House

99 Church Street, Rickmansworth

WD3 1JJ

10 February 2026