Company No: 13592885 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

F Alcalde

Registered office	18 Highwood Crescent
	Horsham
	England
	RH12 1EN
	United Kingdom

Company number

13592885 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	954,440		610,253
Tangible assets	4	39,394		43,084
Investments	5	350,569		58,362
		1,344,403		711,699
Current assets
Debtors	6	222,475		140,888
Cash at bank and in hand	7	280,725		122,452
		503,200		263,340
Creditors: amounts falling due within one year	8	( 212,609)		( 137,077)
Net current assets		290,591		126,263
Total assets less current liabilities		1,634,994		837,962
Provision for liabilities	9	( 152,555)		( 66,679)
Net assets		1,482,439		771,283
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		428,117		167,724
Profit and loss account		1,054,321		603,558
Total shareholder's funds		1,482,439		771,283

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of One Man Studio Limited (registered number: 13592885) were approved and authorised for issue by the Director on 28 May 2026. They were signed on its behalf by:

F Alcalde Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

One Man Studio Limited (the Company) 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 registered number is 13592885. The address of the Company's registered office is 18 Highwood Crescent, Horsham, England, RH12 1EN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Cryptocurrencies which are included as other intangible assets are held under a business model with the intention to "hold to collect". The associated cash flows are accounted for as intangible assets with an indefinite life. These assets are initially recognised on the balance sheet at historical cost and then subsequently revalued at fair value. This is due to the Cryptocurrencies can be reliably measured on an active market. At each reporting date, impairment and amortisation is considered too.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		2

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost/Valuation
At 01 September 2024	610,253		610,253
Additions	53,847		53,847
Revaluations	347,191		347,191
Disposals	( 56,851)		( 56,851)
At 31 August 2025	954,440		954,440
Accumulated amortisation
At 01 September 2024	0		0
At 31 August 2025	0		0
Net book value
At 31 August 2025	954,440		954,440
At 31 August 2024	610,253		610,253

4. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 01 September 2024	52,658		18,535		71,193
Additions	0		13,324		13,324
At 31 August 2025	52,658		31,859		84,517
Accumulated depreciation
At 01 September 2024	18,095		10,014		28,109
Charge for the financial year	8,635		8,379		17,014
At 31 August 2025	26,730		18,393		45,123
Net book value
At 31 August 2025	25,928		13,466		39,394
At 31 August 2024	34,563		8,521		43,084

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 September 2024	58,362		58,362
Additions	229,000		229,000
Movement in fair value	63,207		63,207
At 31 August 2025	350,569		350,569
Carrying value at 31 August 2025	350,569		350,569
Carrying value at 31 August 2024	58,362		58,362

6. Debtors

	2025		2024
	£		£
Other debtors	222,475		140,888

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	280,725		122,452

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	3,100		3,000
Corporation tax	205,870		124,012
Other taxation and social security	3,127		9,856
Other creditors	512		209
	212,609		137,077

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 66,679)		( 14,289)
Credited to the Profit and Loss Account	922		3,518
Charged to the Statement of Comprehensive Income	( 86,798)		( 55,908)
At the end of financial year	( 152,555)		( 66,679)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 9,849)		( 10,771)
Revaluation of intangible assets	( 142,706)		( 55,908)
	( 152,555)		( 66,679)

10. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Loan to director	18,368		130,820

During the year, the company has continued to provide a loan to the director with interest charged at 2.25% (2024/25) and 3.75% (2025/26). The loan has been repaid within 9 months from the end of the year.