REGISTERED NUMBER: 13436951 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

IBEX STUDIOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss G Sapaly

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

13436951 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

3,435

1,485

Investments

5

12,647

5,843

16,082

7,328

CURRENT ASSETS

Debtors

6

5,351

20,964

Cash at bank

203,395

159,104

208,746

180,068

CREDITORS

Amounts falling due within one year

7

94,217

54,207

NET CURRENT ASSETS

114,529

125,861

TOTAL ASSETS LESS CURRENT LIABILITIES

130,611

133,189

PROVISIONS FOR LIABILITIES

8

859

-

NET ASSETS

129,752

133,189

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

7,652

848

Retained earnings

122,000

132,241

129,752

133,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 8 August 2026 and were signed by:

Miss G Sapaly - Director

1.	STATUTORY INFORMATION

Ibex Studios 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.

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.

Computer equipment

-

33% on reducing balance

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.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

3,435

Additions

3,263

Disposals

(1,199

)

At 31 March 2026

5,499

DEPRECIATION

At 1 April 2025

1,950

Charge for year

591

Eliminated on disposal

(477

)

At 31 March 2026

2,064

NET BOOK VALUE

At 31 March 2026

3,435

At 31 March 2025

1,485

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Investments

4,995

4,995

Revaluation

7,652

848

12,647

5,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,780

18,480

Work in progress

1,260

-

Other debtors

311

-

Tax

-

2,484

5,351

20,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

24,032

-

VAT

6,358

2,864

Directors' loan accounts

62,327

49,543

Accrued expenses

1,500

1,800

94,217

54,207

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

859

-

Deferred

tax

£

Accelerated capital allowances

859

Balance at 31 March 2026

859

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

848

Movement

6,804

At 31 March 2026

7,652

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss G Sapaly.