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Company registration number: 08746302

Light Studio Ltd
Filleted Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Light Studio Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Light Studio Ltd

(Registration number: 08746302)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 11,816,503 | 4,536,980
Current assets |  |  |
Debtors | 5 | 28,377 | 1,988
Cash at bank and in hand |  | 25,729 | 15,971
|  | 54,106 | 17,959
Creditors: Amounts falling due within one year | 6 | (11,496,978) | (4,148,160)
Net current liabilities |  | (11,442,872) | (4,130,201)
Total assets less current liabilities |  | 373,631 | 406,779
Creditors: Amounts falling due after more than one year | 6 | (54,721) | (186,658)
Provisions for liabilities |  |  |
Deferred tax liabilities |  | (11,464) | (11,464)
Net assets |  | 307,446 | 208,657
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Profit and loss account |  | 306,446 | 207,657
Total equity |  | 307,446 | 208,657

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2026 and signed on its behalf by:

A Domanevskaya Director |  |

Light Studio Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
160 Dalston Lane
London
E8 1NG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

The company has net current liabilities of £11,442,872. The majority of the current liability is made up of a loan from a related party. The related party will continue ,to to support the company and will not call in the debt within 12 months. With the ongoing support from the related party and shareholders the company can pay debts as they fall due, and therefore the financial statements have been prepared on a going concern basis.

Turnover recognition

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Light Studio Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

The current 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 taxable income.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Straight line over 50 years or the leasehold period
Plant and machinery | Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Light Studio Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Reserves

Called up share capital represents the nominal value of shares that have been issued.
Profit and loss account includes all current and prior period profits and losses.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

Light Studio Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 November 2024 | 4,513,433 | 150,023 | 4,663,456
Additions | 7,394,398 | - | 7,394,398
At 31 October 2025 | 11,907,831 | 150,023 | 12,057,854
Depreciation
At 1 November 2024 | 118,975 | 7,501 | 126,476
Charge for the year | 107,374 | 7,501 | 114,875
At 31 October 2025 | 226,349 | 15,002 | 241,351
Carrying amount
At 31 October 2025 | 11,681,482 | 135,021 | 11,816,503
At 31 October 2024 | 4,394,458 | 142,522 | 4,536,980

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 27,539 | 450
Prepayments | 838 | 738
Other debtors | - | 800
| 28,377 | 1,988

Light Studio Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | 11,326,769 | 4,069,019
Trade creditors |  | 66,168 | 990
Taxation and social security |  | 39,256 | 6,776
Accruals and deferred income |  | 56,822 | 63,412
Other creditors |  | 7,963 | 7,963
|  | 11,496,978 | 4,148,160

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 11,326,769 | 4,069,019

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 131,937
Other creditors | 54,721 | 54,721
| 54,721 | 186,658

Creditors include bank loans not repayable by instalments of £Nil (2024 - £131,937) due after more than five years.