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Registered number: 04340670
Studio North Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04340670
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,966 19,338
9,966 19,338
CURRENT ASSETS
Debtors 5 99,938 204,540
Cash at bank and in hand 250,814 141,821
350,752 346,361
Creditors: Amounts Falling Due Within One Year 6 (94,100 ) (57,305 )
NET CURRENT ASSETS (LIABILITIES) 256,652 289,056
TOTAL ASSETS LESS CURRENT LIABILITIES 266,618 308,394
Creditors: Amounts Falling Due After More Than One Year 7 (4,350 ) (14,748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,491 ) (4,835 )
NET ASSETS 259,777 288,811
CAPITAL AND RESERVES
Called up share capital 9 60 60
Capital redemption reserve 60 60
Profit and Loss Account 259,657 288,691
SHAREHOLDERS' FUNDS 259,777 288,811
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nicholas Wright
Director
4th September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Studio North Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04340670 . The registered office is One Express, 1 George Leigh Street, Manchester, M4 5DL.
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:
Leasehold 10% - 50% - on cost
Fixtures & Fittings 25% - reducing balance
Computer Equipment 25% - on cost
2.4. 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.
2.5. 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 year 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 asset reflects 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.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 25,849 42,494 34,736 103,079
Additions - - 216 216
Disposals - - (11,023 ) (11,023 )
As at 31 December 2025 25,849 42,494 23,929 92,272
Depreciation
As at 1 January 2025 21,048 37,956 24,737 83,741
Provided during the period 3,996 1,134 4,340 9,470
Disposals - - (10,905 ) (10,905 )
As at 31 December 2025 25,044 39,090 18,172 82,306
Net Book Value
As at 31 December 2025 805 3,404 5,757 9,966
As at 1 January 2025 4,801 4,538 9,999 19,338
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 80,607 198,238
Prepayments and accrued income 15,760 3,643
Other debtors 122 -
Director's loan account - 775
Amounts owed by group undertakings 3,449 1,884
99,938 204,540
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 20,585 29,308
Bank loans and overdrafts 4,535 6,324
Corporation tax 20,205 4,818
Other taxes and social security 6,998 -
VAT 19,033 13,492
Other creditors 14,951 2,763
Accruals and deferred income 7,793 600
94,100 57,305
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,350 14,748
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 2,491 4,835
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
30 Ordinary A shares of £ 1.000 each 30 30
30 Ordinary B shares of £ 1.000 each 30 30
60 60
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Nicholas Wright 775 - - - -
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Studio North Holdings LimitedAt the balance sheet date, Studio North Holdings Limited owed an amount of £3,449 to Studio North Limited.

Studio North Holdings Limited

At the balance sheet date, Studio North Holdings Limited owed an amount of £3,449 to Studio North Limited.

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12. Ultimate Controlling Party
The company's ultimate controlling party is Studio North Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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