Registration number: 08820333

Studio Pallister Limited

Company Information

Director

Mr J A Pallister

Registered office

658 High Road Leyton London E10 6JP

Accountants

Stratford Accounting Limited 57a Henley Street Stratford upon Avon Warwickshire CV37 6PT

Studio Pallister Limited

(Registration number: 08820333)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	340	556
Current assets
Debtors		17,749	48,611
Cash at bank and in hand		24,141	1
		41,890	48,612
Prepayments and accrued income		54	60
Creditors: Amounts falling due within one year		(29,346)	(35,363)
Net current assets		12,598	13,309
Total assets less current liabilities		12,938	13,865
Creditors: Amounts falling due after more than one year		(12,410)	(13,667)
Accruals and deferred income		(1,236)	-
Net (liabilities)/assets		(708)	198
Capital and reserves
Called up share capital	5	1	1
Retained earnings		(709)	197
Shareholders' (deficit)/funds		(708)	198

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Studio Pallister Limited

(Registration number: 08820333)
Abridged Balance Sheet as at 31 March 2026

Approved and authorised by the director on 25 August 2026
 

......................................... Mr J A Pallister Director

Studio Pallister Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Buchanan Ryan Limited.

The address of its registered office is:
658 High Road
Leyton
London
E10 6JP

These financial statements were authorised for issue by the director on 25 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises of current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Studio Pallister Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Studio Pallister Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Studio Pallister Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2025	9,064	9,064
At 31 March 2026	9,064	9,064
Depreciation
At 1 April 2025	8,508	8,508
Charge for the year	216	216
At 31 March 2026	8,724	8,724
Carrying amount
At 31 March 2026	340	340
At 31 March 2025	556	556

5	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
ordinary share of £1 each	1	1	1	1

Studio Pallister Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

6	Related party transactions

Summary of transactions with other related parties

James Pallister Director's loan account

Loans to related parties

2026	Other related parties £	Total £
At start of period	36,553	36,553
Repaid	(26,668)	(26,668)
Interest transactions	1,164	1,164
At end of period	11,049	11,049