Company Registration No. 12920049 (England and Wales)
Lancaster Studios Limited
Unaudited accounts
for the year ended 31 December 2025
Lancaster Studios Limited
Unaudited accounts
Contents
Lancaster Studios Limited
Company Information
for the year ended 31 December 2025
Company Number
12920049 (England and Wales)
Registered Office
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
Accountants
The Tax Farm
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
Lancaster Studios Limited
Statement of financial position
as at 31 December 2025
Investment property
1,380,000
1,380,000
Cash at bank and in hand
31,697
48,054
Creditors: amounts falling due within one year
(53,765)
(83,573)
Net current liabilities
(20,897)
(35,091)
Total assets less current liabilities
1,359,103
1,344,909
Creditors: amounts falling due after more than one year
(1,032,000)
(1,130,000)
Provisions for liabilities
Deferred tax
(159,020)
(159,020)
Called up share capital
100
100
Profit and loss account
167,983
55,789
Shareholders' funds
168,083
55,889
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2026 and were signed on its behalf by
Peter Charnley
Director
Company Registration No. 12920049
Lancaster Studios Limited
Notes to the Accounts
for the year ended 31 December 2025
Lancaster Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 12920049. The registered office is Hare House, 732 Whittingham Lane, Preston, PR3 2JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents amounts receivable for rents and goods and services net of VAT and trade discounts.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Lancaster Studios Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2025
1,380,000
At 31 December 2025
1,380,000
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors at the year end.
Amounts falling due after more than one year
Accrued income and prepayments
1,171
428
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
23,285
53,922
Taxes and social security
7,480
30,285
Other creditors
23,000
(634)
8
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
792,000
890,000
Other creditors
240,000
240,000
Lancaster Studios Limited
Notes to the Accounts
for the year ended 31 December 2025
9
Transactions with related parties
The following amounts were outstanding at the reporting end date:
Amounts due to related parties
Charnley Property Ltd £23,000 (2024 - £Nil)
The amount outstanding due to Charnley Property Ltd, a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
Lancaster Studios Limited is a wholly owned subsidiary of 60 Church Street Limited.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).