REGISTERED NUMBER: 13243306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

H + S Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Al Salmy

P D Schulze-Wethmar

D M Sinnett

REGISTERED OFFICE:

Black Barn Gay Dawn Farm Pennis Lane

Fawkham

Longfield

DA3 8LY

REGISTERED NUMBER:

13243306 (England and Wales)

ACCOUNTANTS:

Chase Reeves & Co Limited

Black Barn Gay Dawn Farm

Valley Road

Fawkham

Longfield

Kent

DA3 8LY

FIXED ASSETS

Tangible assets

4

9,697

14,188

Investments

5

17,491

17,491

27,188

31,679

CURRENT ASSETS

Debtors

6

553,050

547,723

Cash at bank

5,466

6,917

558,516

554,640

CREDITORS

Amounts falling due within one year

7

614,023

614,638

NET CURRENT LIABILITIES

(55,507

)

(59,998

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,319

)

(28,319

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(28,419

)

(28,419

)

SHAREHOLDERS' FUNDS

(28,319

)

(28,319

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by:

M S Al Salmy - Director

1.	STATUTORY INFORMATION

H + S Studio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about H + S Studio Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group and directors.

Significant judgements and estimates

In applying the Company's accounting policies, the directors are required to make judgements, estimates andassumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimatedand assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountingestimates are recognised in the period in which the estimate is revised, if the revision affects only that period, orin the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies The critical judgement that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment

In assessing whether there have been any indicators or impairment of assets, the directors have consideredboth external and internal sources of information such as market conditions, counterparty credit ratings andexperience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty :

Fixed asset investments

The company assesses at each reporting date whether an asset may be impaired. If any such indication existsthe company estimates recoverable amount of the asset. if the recoverable amount is less than its carryingamount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through animpairment in profit and loss unless the asset is carried at a revalued amount where the impairment loss of arevalued asset is a revaluation decrease.

Determining residual values and useful economic lives of property, plant and equipment

The Company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives isbased on historical performance as well as expectations about future use and therefore requires estimates andassumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.Judgement is applied by management when determining the residual values for plant, machinery and equipment. When determining the residual value management aim to assess the amount that the company would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the exchange rate prevailing at that date the transaction took place. Where this is not possible to determine, income and expense items are translated using an average exchange rate for the period.

Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the reporting date of monetary assets and liabilities are reported in profit or loss

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

2,093

29,410

31,503

Additions

-

8,082

8,082

At 31 December 2025

2,093

37,492

39,585

DEPRECIATION

At 1 January 2025

1,163

16,152

17,315

Charge for year

698

11,875

12,573

At 31 December 2025

1,861

28,027

29,888

NET BOOK VALUE

At 31 December 2025

232

9,465

9,697

At 31 December 2024

930

13,258

14,188

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2025

and 31 December 2025

17,491

NET BOOK VALUE

At 31 December 2025

17,491

At 31 December 2024

17,491

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

H and S Studio (Pvt) Ltd

Registered office: 2nd Floor, 9A St Albans Place, Colombo - 04, 00400, Sri Lanka

Nature of business: Architectural activities

%

Class of shares:

holding

Ordinary

100.00

H&S Studio Architects and Interior Designers d.o.o. Beograd

Registered office: Kraljice Natalije 72, Savski Venac, Beograd, 11000, Serbia

Nature of business: Architectural activities

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

544,849

541,565

Other debtors

100

100

Rent Deposit

2,160

-

VAT

2,959

1,866

Prepayments

353

4,192

550,421

547,723

31.12.25

31.12.24

£

£

Amounts falling due after more than one year:

Staff Loan Account

2,629

-

Aggregate amounts

553,050

547,723

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

282,312

279,838

Social security and other taxes

105,750

100,126

Other creditors

-

6,221

Directors' current accounts

223,793

224,653

Accrued expenses

2,168

3,800

614,023

614,638

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2025

(28,419

)

Profit for the year

-

At 31 December 2025

(28,419

)