ACCOUNTS - Final Accounts preparation

Company registration number: 04270192

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 AUGUST 2025

	STUDIO MAKE-UP SERVICES LIMITED


STUDIO MAKE-UP SERVICES LIMITED

COMPANY INFORMATION

Directors	J P Hobbs
	C D Hobbs


Company secretary	J P Hobbs


Registered number	04270192


Registered office	2nd Floor
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


STUDIO MAKE-UP SERVICES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


STUDIO MAKE-UP SERVICES LIMITED REGISTERED NUMBER:04270192

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		202		238
Investment property	5		152,568		120,000
			152,770		120,238
Current assets
Stocks		5,000		5,000
Debtors: amounts falling due within one year	6	894,785		395,176
Cash at bank and in hand		89,181		-
		988,966		400,176
Creditors: amounts falling due within one year	7	(748,149)		(129,902)
Net current assets			240,817		270,274
Total assets less current liabilities			393,587		390,512
Creditors: amounts falling due after more than one year	8		(22,925)		(26,202)

Net assets			370,662		364,310

Capital and reserves
Called up share capital	100	100
Profit and loss account	370,562	364,210
	370,662	364,310

Page 1


STUDIO MAKE-UP SERVICES LIMITED REGISTERED NUMBER:04270192

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.

................................................

J P Hobbs

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


STUDIO MAKE-UP SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Studio Make-up Services Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The Company's principal place of business is Elstree Film Studios in Hertfordshire and Longcross Film Studios in Surrey. The address of its registered office is disclosed on the company information page.
The Company's presentational and functional currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue consists of rental income and sale of cosmetic materials. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Operating leases: the Company as lessee

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

2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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 and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


STUDIO MAKE-UP SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold property improvments	-	over term of lease
Fixtures and fittings	-	15% reducing balance
Computer equipment	-	33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


STUDIO MAKE-UP SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

4.	Tangible fixed assets

	Leasehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 September 2024	22,486	11,065	12,409	45,960
At 31 August 2025	22,486	11,065	12,409	45,960
Depreciation
At 1 September 2024	22,486	10,827	12,409	45,722
Charge for the year on owned assets	-	36	-	36
At 31 August 2025	22,486	10,863	12,409	45,758
Net book value
At 31 August 2025	-	202	-	202
At 31 August 2024	-	238	-	238

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 September 2024	120,000
	Additions at cost	32,568
	At 31 August 2025	152,568

The 2025 valuations were made by the company's directors, on an open market value for existing use basis.

Page 5


STUDIO MAKE-UP SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Debtors

					2025	2024
					£	£


Trade debtors	499,609	-
Other debtors	395,176	395,176
	894,785	395,176

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	20,842	15,292
Bank loans	5,623	7,970
Corporation tax	1,387	-
Other taxation and social security	101,672	-
Other creditors	106,619	102,794
Accruals and deferred income	512,006	3,846
	748,149	129,902

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	22,925	26,202
	22,925	26,202

Page 6