Company registration number 13193130 (England and Wales)
NO REGRETS STUDIO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NO REGRETS STUDIO LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
NO REGRETS STUDIO LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
940,512
940,512
Current assets
Cash at bank and in hand
2,106
271
Creditors: amounts falling due within one year
(826,877)
(888,994)
Net current liabilities
(824,771)
(888,723)
Net assets
115,741
51,789
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
115,641
51,689
Total equity
115,741
51,789

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 May 2026 and are signed on its behalf by:
Mr S Hall
Director
Company registration number 13193130 (England and Wales)
NO REGRETS STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

No Regrets Studio Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Manor Park Business Centre, Mackenzie Way, Swindon Village, Cheltenham, England, GL51 9TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company relies on the support of other businesses in which the directors have an involvement to provide it with working capital. The directors have considered the likely income and expenditure of the company for a period of at least 12 months from the date of approval of these financial statements and determined that the company will be able to generate sufficient funds to meet its liabilities as they fall due and that, as a result, it is appropriate to prepare these financial statements on the basis that the company is a going concern.true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales revenue is recognised at the point of invoicing. Rental income is recognised in the period to which it relates.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

Taxation for the period comprises current tax only. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NO REGRETS STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
940,512

.

4
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
5
Related party transactions

S Hall

Director and shareholder

In the previous period, Mr Hall lent the company various sums as working capital. During the year, Mr Hall lent the company further funds. The balance owed to Mr Hall at the year end was £713,867 (2024: £673,622). The amount is unsecured, interest-free and repayable on demand.

B D Lakin

Director and shareholder

During the year, the company loaned Mr Lakin various sums. The balance owed from Mr Lakin at the year end was £1,005 (2024: £nil). The amount is unsecured, interest-free and repayable on demand.

No Regrets Management Limited

A company in which B D Lakin is a director

In a previous period, the company loaned the related party various sums as working capital. During the year, the amount owed to the company was written off as a result of the liquidation of the related party. The balance owed to the related party at the year end was £nil (2024: £51,119). The amount is unsecured, interest-free and repayable on demand.

No Regrets Studio Rentals Limited

A company in which B D Lakin is a director

During the year, the related party loaned the company funds for working capital. The amount due to the related party at the year end was £714 (2024: £nil). The amount is unsecured, interest-free and repayable on demand.

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