AWOL Studios Limited 31/10/2025 iXBRL

Company registration number: 07394568

AWOL Studios Limited

Unaudited filleted financial statements

31 October 2025

AWOL Studios Limited

Contents

Statement of financial position

Notes to the financial statements

AWOL Studios Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	1,838		5,102
Investments	8	109,233		-
		_______		_______
			111,071		5,102

Current assets
Debtors	9	16,824		14,365
Cash at bank and in hand		17,576		111,006
		_______		_______
		34,400		125,371
Creditors: amounts falling due
within one year	10	( 66,245)		( 60,120)
		_______		_______
Net current (liabilities)/assets			( 31,845)		65,251
			_______		_______
Total assets less current liabilities			79,226		70,353

Creditors: amounts falling due
after more than one year	11		-		( 2,000)
			_______		_______
Net assets			79,226		68,353
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			79,126		68,253
			_______		_______
Shareholders funds			79,226		68,353
			_______		_______

For the year ending 31 October 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 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 director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr David French

Director

Company registration number: 07394568

AWOL Studios Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fixtures, fittings and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investment properties, which are properties held to earn rental income and/or capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Investment properties are subsequently measured at fair value at the reporting date, with any changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	17,550	18,036
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 578)	( 1,296)
	_______	_______
Tax on profit	16,972	16,740
	_______	_______

6. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	40,000	40,000
	_______	_______
Amortisation
At 1 November 2024 and 31 October 2025	40,000	40,000
	_______	_______
Carrying amount
At 31 October 2025	-	-
	_______	_______
At 31 October 2024	-	-
	_______	_______

7. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 November 2024	130,752	130,752
Disposals	( 7,125)	( 7,125)
	_______	_______
At 31 October 2025	123,627	123,627
	_______	_______
Depreciation
At 1 November 2024	125,650	125,650
Charge for the year	3,264	3,264
Disposals	( 7,125)	( 7,125)
	_______	_______
At 31 October 2025	121,789	121,789
	_______	_______
Carrying amount
At 31 October 2025	1,838	1,838
	_______	_______
At 31 October 2024	5,102	5,102
	_______	_______

8. Investments

	Investment property	Total
	£	£
Cost
At 1 November 2024	-	-
Additions	109,233	109,233
	_______	_______
At 31 October 2025	109,233	109,233
	_______	_______
Impairment
At 1 November 2024 and 31 October 2025	-	-
	_______	_______
Carrying amount
At 31 October 2025	109,233	109,233
	_______	_______
At 31 October 2024	-	-
	_______	_______

9. Debtors

	2025	2024
	£	£
Trade debtors	1,880	493
Amounts owed by related company	4,929	4,760
Deferred tax asset (note 12)	3,266	2,687
Prepayments and accrued income	6,749	6,425
	_______	_______
	16,824	14,365
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,000	3,000
Payments received on account	2,853	2,949
Trade creditors	12,439	7,082
Corporation tax	17,550	18,036
Social security and other taxes	266	1,116
Director's loan account	20	52
Shareholder's loan account	21	8
Other creditors	21,902	20,335
Accruals and deferred income	9,194	7,542
	_______	_______
	66,245	60,120
	_______	_______

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	2,000
	_______	_______

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 9)	3,266	2,687
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Depreciation in excess of capital allowances	3,266	2,687
	_______	_______

13. Related party transactions

Mr David French is considered to be a related party by virtue of his directorship of and shareholding in the company. As at 31 October 2025, the company owed Mr French £20 (2024: £52). The loan was unsecured and interest free with no specific repayment terms. Mrs Susan French is considered to be a related party by virtue of her shareholding in the company. As at 31 October 2025, the company owed Mrs French £21 (2024: £8). The loan was unsecured and interest free with no specific repayment terms.AWOL Studios (NW) CIC is considered to be a related party by virtue of their common director. As at 31 October 2025, AWOL Studios (NW) CIC owed the company £4,929 (2024: £4,760). The loan was unsecured and interest free with no specific repayment terms.Hope Mill Partnership LLP is considered to be a related party by virtue of being under common control. During the year the LLP charged rent, service charges and other similiar expenses to AWOL Studios Limited in the sum of £135,544 (2024: £126,472). As at 31 October 2025, the company owed Hope Mill Partnership LLP £2,402 (2024: £485). The loan was unsecured and interest free with no specific repayment terms.