Brent Cross Studios Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13322891

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,116,065		756,751

			1,116,065		756,751
CURRENT ASSETS
Debtors	5	612,646		546,642
Cash at bank and in hand		3,273		579

		615,919		547,221
Creditors: Amounts Falling Due Within One Year	6	(940,783 )		(506,843 )

NET CURRENT ASSETS (LIABILITIES)			(324,864 )		40,378

TOTAL ASSETS LESS CURRENT LIABILITIES			791,201		797,129

Creditors: Amounts Falling Due After More Than One Year	7		(1,891,751 )		(1,083,719 )

NET LIABILITIES			(1,100,550 )		(286,590 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(1,100,650 )		(286,690 )

SHAREHOLDERS' FUNDS			(1,100,550)		(286,590)

Page 1

Page 2

Brent Cross Studios Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 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 Oliver Royds

Director

28 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Brent Cross Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13322891 . The registered office is Troubadour Wembley Park Theatre, 3 Fulton Road, Wembley, HA9 0SP.

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. Going Concern Disclosure

The company incurred a loss for the year and had net liabilities at 31 August 2025, and is dependent for its continued operation on the financial support of its parent undertaking, which has confirmed in writing its intention to provide such support as is necessary for the company to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. The company remains in occupation of its premises, where terms for a new lease to December 2027 were under negotiation at the date of approval. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added tax (VAT). Turnover includes revenue earned by the company in respect of studio hire and recharge income.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company’s activities as described below:

Studio Hire Income is recognised on a straight-line basis over the period of the hire, reflects the continuous performance of the service over time and amounts invoiced in advance are deferred within creditors as deferred income.

Recharge Income is recognised as the related costs are incurred, matches the income directly with the delivery of the recharged service/expense and is recognised gross when the company acts as a principal in the transaction.

2.4. 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:

Plant & Machinery	10% Straight Line
Fixtures & Fittings	25% Straight Line

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged to the profit and loss account as incurred. The company had no material commitments under non-cancellable operating leases at 31 August 2025.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	11	7

	11	7

Page 3

Page 4

Brent Cross Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	960,425	31,885	992,310
Additions	497,887	1,750	499,637

As at 31 August 2025	1,458,312	33,635	1,491,947

Depreciation
As at 1 September 2024	217,977	17,582	235,559
Provided during the period	131,951	8,372	140,323

As at 31 August 2025	349,928	25,954	375,882

Net Book Value
As at 31 August 2025	1,108,384	7,681	1,116,065

As at 1 September 2024	742,448	14,303	756,751

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,924	8,070
Prepayments and accrued income	11,328	-
Other debtors - Rent Deposit	46,800	46,800
Advance payments to Suppliers	-	33,800
Other taxes and social security	2,345	13,222

	68,397	101,892
Due after more than one year
Amounts owed by group undertakings	544,249	444,750

	612,646	546,642

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	80,867	19,145
VAT	49,630	177,969
Pension Fund	834	547
Deferred Income	357,509	41,349
Accruals	451,943	267,833

	940,783	506,843

Page 4

Page 5

Brent Cross Studios Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	2025	2024
	£	£
Amounts owed to group undertakings	1,891,751	1,083,719

Amounts owed to group undertakings total £902,273 and amounts owed to parent undertaking total £989,478.

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Ultimate Controlling Party

The company's ultimate controlling party is Troubadour Theatres Ltd by virtue of its ownership of 100% of the issued share capital in the company.

Page 5