Medina Studios Ltd - Filleted accounts

Registered number

14292897

Medina Studios Ltd

Filleted Accounts

31 August 2025

Medina Studios Ltd
Registered number:		14292897
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	43,247			43,247
Cash at bank and in hand		20,228			40,044
		63,475			83,291

Creditors: amounts falling due within one year	4	(35,290)			(52,830)

Net current assets			28,185			30,461

Net assets			28,185			30,461

Capital and reserves
Called up share capital			300			300
Share premium			39,991			39,991
Profit and loss account			(12,106)			(9,830)

Shareholders' funds			28,185			30,461

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N D Blewett
Director
Approved by the board on 24 August 2026

Medina Studios Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	3		3


3	Debtors	2025		2024
£			£

	Deferred project development costs	42,956		42,956
	Other debtors	291		291
		43,247		43,247

	Project development costs incurred in connection with the proposed studio development is carried forward where the directors consider the project remains commercially viable and the related lease and development arrangements remain conditional.

4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	10,350		7,830
	Taxation and social security costs	(1,764)		-
	Accruals	704		-
	Other creditors	26,000		45,000
		35,290		52,830


5	Events after the reporting date

	On 15 April 2026, Medina Battery Storage Ltd was incorporated as part of a proposed joint venture arrangement associated with the wider Medina development project. Medina Studios Ltd currently holds one third of the issued share capital. Medina Studios, is also currently seeking grant funding of approximately £1 million in connection with the commencement and development of the site, including the design, supply, installation and commissioning of a rooftop solar photovoltaic (PV) system, with battery energy storage (BESS), across multiple buildings. The directors consider this to be a non-adjusting event after the reporting period and therefore no adjustment has been made to the financial statements.


6	Controlling party

	The company is jointly controlled by the three serving directors, each of whom holds an equal shareholding and voting interest in the company. No individual shareholder exercises overall control.


7	Other information

	Medina Studios Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Dawes Court House
	Dawes Court
	High Street
	Esher Surrey
	KT10 9QD