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Company Registration No. 15746251 (England and Wales)
HB Studio Ltd Unaudited accounts for the year ended 28 February 2026
HB Studio Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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HB Studio Ltd Company Information for the year ended 28 February 2026
Directors
R Okell H Thomas
Company Number
15746251 (England and Wales)
Registered Office
108 Netil House 1 Westgate St London E8 3RL United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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HB Studio Ltd Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Investments
4
4
4
Current assets
Debtors
5
1,808,979
1,467,839
Cash at bank and in hand
135,923
1,383
1,944,902
1,469,222
Creditors: amounts falling due within one year
6
(4)
(4)
Net current assets
1,944,898
1,469,218
Net assets
1,944,902
1,469,222
Capital and reserves
Called up share capital
7
4
4
Profit and loss account
1,944,898
1,469,218
Shareholders' funds
1,944,902
1,469,222
For the year ending 28 February 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by
R Okell Director Company Registration No. 15746251
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HB Studio Ltd Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
HB Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 15746251. The registered office is 108 Netil House 1 Westgate St, London, E8 3RL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future, and therefore have adopted the going concern basis of accounting in preparing the financial statements.
Turnover
The Company does not carry on a trade and therefore has no turnover in the current year. The Company’s income comprises investment income, including dividends received from subsidiary undertakings and other investments. Such income is recognised in the profit and loss account when the Company’s right to receive payment is established, the amount can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the Company.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
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HB Studio Ltd Notes to the Accounts for the year ended 28 February 2026
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Taxation
Income tax expense represents the sum of the tax payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. The tax expense for the year comprises current. 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.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Reporting Period
The financial statements have been prepared for the year ended 28 February 2026. The comparative figures cover the period from 28 May 2024 to 28 February 2025, which was a nine-month period. Accordingly, the comparative figures are not entirely comparable with those for the current year.
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HB Studio Ltd Notes to the Accounts for the year ended 28 February 2026
4
Investments
Subsidiary undertakings
£
Valuation at 1 March 2025
4
Valuation at 28 February 2026
4
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: Subsidiary Details of the company's subsidiaries at 28 February 2026 are as follows: PAYNTER LTD 100% PNTR LTD 100%
5
Debtors
2026
2025
£
£
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,797,835
1,467,835
Other debtors
11,144
4
1,808,979
1,467,839
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
4
4
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
8
Transactions with related parties
The company has taken advantage of an 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. At the reporting date, the company had the following outstanding balances due to other group related company's: PNTR Ltd £1,797,835 (2025: £1,467,835) These amounts are disclosed in Amounts due from group undertakings.
9
Controlling party
The company's ultimate controlling party is Mr H L Thomas and Mrs R E Okell by virtue of their ownership of 100% of the issued share capital in the company.
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HB Studio Ltd Notes to the Accounts for the year ended 28 February 2026
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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