Bulb Studios Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06315498

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		51,771		21,074
Investment Properties	5		255,225		255,225

			306,996		276,299
CURRENT ASSETS
Debtors	6	140,305		69,637
Cash at bank and in hand		110		30,176

		140,415		99,813
Creditors: Amounts Falling Due Within One Year	7	(141,092 )		(57,730 )

NET CURRENT ASSETS (LIABILITIES)			(677 )		42,083

TOTAL ASSETS LESS CURRENT LIABILITIES			306,319		318,382

Creditors: Amounts Falling Due After More Than One Year	8		(167,004 )		(183,611 )

NET ASSETS			139,315		134,771

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			139,215		134,671

SHAREHOLDERS' FUNDS			139,315		134,771

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Bulb Studios Limited

Balance Sheet (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 Profit and Loss Account.

On behalf of the board

Mr Matthew Mabe

Director

20 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Bulb Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06315498 . The registered office is 14 Francis Street, Leicester, LE2 2BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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:

Motor Vehicles	33% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	20% Straight Line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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Bulb Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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 years 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.

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 5 (2025: 10)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	-	69,795	90,849	160,644
Additions	45,458	-	2,051	47,509

As at 31 March 2026	45,458	69,795	92,900	208,153

Depreciation
As at 1 April 2025	-	53,306	86,264	139,570
Provided during the period	8,865	4,256	3,691	16,812

As at 31 March 2026	8,865	57,562	89,955	156,382

Net Book Value
As at 31 March 2026	36,593	12,233	2,945	51,771

As at 1 April 2025	-	16,489	4,585	21,074

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Bulb Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	255,225

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	255,000	255,000

The single Investment property, a public house, has been valued by the directors at its Fair Value at the Balance Sheet date. It is considered that the cost of obtaining a professional valuation woudl be disproportionate to the benefit. the directors' view is that they are familiar with the licensed trade and with the valuation methods applied by buyers and sellers in sale transactions and so it is reasonable to rely for the revaluation to fair value on their knowledge.

In prior years the investment property, public house let to commercial tenants, has been included as part of Property, Plant and Equipment, the current year is the first year where a fair valus adjustment has been made.

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	128,829	69,601
Other debtors	11,476	36

	140,305	69,637

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	93,213	14,632
Bank loans and overdrafts	15,462	12,187
Amounts owed to participating interests	8,132	3,132
Other creditors	3,116	10,067
Taxation and social security	21,169	17,712

	141,092	57,730

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	167,004	183,611

Bank loans falling due after more than one year, and £13,737 of bank loans falling due within one year are secured on the company's investment property.

Of the creditors falling due after more than one year the following amounts are due after more than five years. These are reapyable by way of instalments.

	2026		2025
	£		£
Bank loans	85,050		95,000

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Bulb Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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