Registration number: SC072229

Albany Studios and Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Albany Studios and Services Limited

Company Information

Director

Mr Ian Derek Truscott

Registered office

3 Cluny Avenue Edinburgh EH10 4RN

Accountants

JS Accounting Services Ltd 13-15 Morningside Drive Edinburgh EH10 5LZ

Albany Studios and Services Limited

(Registration number: SC072229)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	395,096	395,572
Current assets
Cash at bank and in hand		151,518	139,811
Creditors: Amounts falling due within one year	4	(37,786)	(39,080)
Net current assets		113,732	100,731
Net assets		508,828	496,303
Capital and reserves
Called up share capital		100	100
Retained earnings		508,728	496,203
Shareholders' funds		508,828	496,303

For the financial 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.

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.

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.

Approved and authorised by the director on 15 September 2026
 

......................................... Mr Ian Derek Truscott Director

Albany Studios and Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 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.

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.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Albany Studios and Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	393,670	12,324	3,332	409,326
At 31 December 2025	393,670	12,324	3,332	409,326
Depreciation
At 1 January 2025	-	12,324	1,430	13,754
Charge for the year	-	-	476	476
At 31 December 2025	-	12,324	1,906	14,230
Carrying amount
At 31 December 2025	393,670	-	1,426	395,096
At 31 December 2024	393,670	-	1,902	395,572

Included within the net book value of land and buildings above is £393,670 (2024 - £393,670) in respect of freehold land and buildings.
 

4

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	3,284	4,577
Accruals and deferred income	34,490	34,490
Other creditors	12	13
	37,786	39,080