GBA Studios Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 10986369

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		51,373		64,594

			51,373		64,594
CURRENT ASSETS
Stocks	5	282,771		334,167
Debtors	6	165,998		238,502
Investments	7	100		-
Cash at bank and in hand		130,100		152,573

		578,969		725,242
Creditors: Amounts Falling Due Within One Year	8	(63,010 )		(238,692 )

NET CURRENT ASSETS (LIABILITIES)			515,959		486,550

TOTAL ASSETS LESS CURRENT LIABILITIES			567,332		551,144

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,111 )		(16,149 )

NET ASSETS			555,221		534,995

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			555,121		534,895

SHAREHOLDERS' FUNDS			555,221		534,995

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GBA Studios Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr G Beestone Director	Mr R Seary Director
13/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GBA Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10986369 . The registered office is Unit 6, The Tramsheds, Coomber Way, Croydon, CR0 4TQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	4 Years Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	10 Years Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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GBA Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Directors	2	2
Employees	2	3

	4	5

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	5,037	16,250	97,267	118,554

As at 31 March 2026	5,037	16,250	97,267	118,554

Depreciation
As at 1 April 2025	4,590	4,063	45,307	53,960
Provided during the period	447	3,047	9,727	13,221

As at 31 March 2026	5,037	7,110	55,034	67,181

Net Book Value
As at 31 March 2026	-	9,140	42,233	51,373

As at 1 April 2025	447	12,187	51,960	64,594

5. Stocks

	2026	2025
	£	£
Finished goods	282,771	334,167

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GBA Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	29,690	100,277
Prepayments and accrued income	60,416	21,243
Other debtors	70,900	81,900
VAT	4,992	34,982
Called up share capital not paid	-	100

	165,998	238,502

7. Current Asset Investments

	2026	2025
	£	£
Shares in subsidiaries	100	-

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	12,501	49,202
Corporation tax	8,113	28,214
Other creditors	33,896	4,394
Accruals and deferred income	8,500	155,022
Amounts owed to group undertakings	-	1,860

	63,010	238,692

9. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	-	100
Called Up Share Capital has been paid up	100	-

Amount of Allotted, Called Up Share Capital	100	100

10. Related Party Transactions

From 1 January 2021 company was under the joint control of Gary Beestone and Richard Seary by virtue of their equal shareholding.

Gary Beestone and Richard Seary are persons with significant control of GBA Studios Limited.

Gary Beestone is a director and 100% Ordinary share holder of Gary Beestone Limited.

During the year £63,000 (2025 : £96,000) was paid to Gary Beestone Limited as management and consultancy fees.

The Last Man Off West End Limited is a subsidary of GBA Studios Limited, who own 100% of the issued share capital since 9 February 2026.

Richard Seary is a Director of The Last Man Off West End Limited.

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