ACCOUNTS - Final Accounts

Registered number: 06720704

BRIAN TIMONEY ACTORS STUDIO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025


BRIAN TIMONEY ACTORS STUDIO LIMITED

CONTENTS

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


BRIAN TIMONEY ACTORS STUDIO LIMITED REGISTERED NUMBER:06720704

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		1,026		638
Current assets
Debtors: amounts falling due within one year	6	370,070		291,884
Cash at bank and in hand		866		2,078
		370,936		293,962
Creditors: amounts falling due within one year	7	(370,759)		(294,235)
Net current assets/(liabilities)			177		(273)

Net assets			1,203		365

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		1,103	265
		1,203	365

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 comprehensive income 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 9 June 2026.

B Timoney

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1


BRIAN TIMONEY ACTORS STUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Brian Timoney Actors Studio Limited is a limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company is that of the provision of specialist training in method acting.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

2.4

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.

Depreciation is provided on the following basis:

Office equipment

33% reducing balance

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 the Statement of Comprehensive Income.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 2


BRIAN TIMONEY ACTORS STUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.10

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.

2.11

Taxation

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 and generates income.

Employees

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

Page 3


BRIAN TIMONEY ACTORS STUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Intangible assets

		Development expenditure
		£
	Cost
	At 1 October 2024	9,180
	At 30 September 2025	9,180
	Amortisation
	At 1 October 2024	9,180
	At 30 September 2025	9,180
	Net book value
	At 30 September 2025	-
	At 30 September 2024	-

Page 4


BRIAN TIMONEY ACTORS STUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 October 2024	9,032
	Additions	902
	At 30 September 2025	9,934
	Depreciation
	At 1 October 2024	8,394
	Charge for the year on owned assets	514
	At 30 September 2025	8,908
	Net book value
	At 30 September 2025	1,026
	At 30 September 2024	638

Debtors

					2025	2024
					£	£


Trade debtors	199,012	225,335
Other debtors	75,215	30,203
Prepayments and accrued income	94,765	31,639
Tax recoverable	1,078	4,707
	370,070	291,884

Included within other debtors due within one year is a loan to the directors amounting to £74,615 (2024 -
£30,203).

Page 5


BRIAN TIMONEY ACTORS STUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

Bank overdrafts	36,096	11,550
Trade creditors	22,992	2,051
Taxation and social security	87,999	98,667
Other creditors	58,161	12,565
Accruals and deferred income	165,511	169,402
	370,759	294,235

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

Page 6