Maidstone Studios Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01471172

Maidstone Studios Limited

Filleted Unaudited Financial Statements

31 December 2025

Maidstone Studios Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Maidstone Studios Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		5,094,402	4,827,010

Current assets

Stocks		8,579	7,534
Debtors	6	1,138,365	1,886,505
Cash at bank and in hand		321,071	302,134
		------------	------------
		1,468,015	2,196,173

Creditors: amounts falling due within one year	7	988,801		987,359
		------------		------------
Net current assets			479,214	1,208,814
			------------	------------
Total assets less current liabilities			5,573,616	6,035,824

Creditors: amounts falling due after more than one year	8		276,719	342,411

Provisions

Taxation including deferred tax	715,400	715,400
	------------	------------
Net assets	4,581,497	4,978,013
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	4,581,495	4,978,011
	------------	------------
Shareholders funds	4,581,497	4,978,013
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Maidstone Studios Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 16 September 2026 , and are signed on behalf of the board by:

Mr D Parker

Director

Company registration number: 01471172

Maidstone Studios Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vinters Park, New Cut Road, Maidstone, Kent, ME14 5NZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	3% straight line
Plant and machinery	-	10% - 20% reducing balance
Fixtures and fittings	-	10% - 20% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 20 ).

5. Tangible assets

	Property improvements	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	5,334,285	7,845,934	432,443	157,788	13,770,450
Additions	501,078	23,978	40,860	54,275	620,191
Disposals	–	( 5,204,254)	–	( 142,679)	( 5,346,933)
	------------	------------	---------	---------	-------------
At 31 December 2025	5,835,363	2,665,658	473,303	69,384	9,043,708
	------------	------------	---------	---------	-------------
Depreciation
At 1 January 2025	1,309,020	7,147,465	357,664	129,291	8,943,440
Charge for the year	166,875	88,348	18,706	2,440	276,369
Disposals	–	( 5,152,745)	–	( 117,758)	( 5,270,503)
	------------	------------	---------	---------	-------------
At 31 December 2025	1,475,895	2,083,068	376,370	13,973	3,949,306
	------------	------------	---------	---------	-------------
Carrying amount
At 31 December 2025	4,359,468	582,590	96,933	55,411	5,094,402
	------------	------------	---------	---------	-------------
At 31 December 2024	4,025,265	698,469	74,779	28,497	4,827,010
	------------	------------	---------	---------	-------------

6. Debtors

	2025	2024
	£	£
Trade debtors	366,071	321,436
Amounts owed by group undertakings and undertakings in which the company has a participating interest	405,565	1,222,064
Other debtors	366,729	343,005
	------------	------------
	1,138,365	1,886,505
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	105,991	107,629
Trade creditors	223,157	147,651
Accruals and deferred income	527,680	573,399
Social security and other taxes	121,098	146,457
Obligations under finance leases and hire purchase contracts	10,098	9,738
Other creditors	777	2,485
	---------	---------
	988,801	987,359
	---------	---------

Bank loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	252,967	330,551
Obligations under finance leases and hire purchase contracts	23,752	11,860
	---------	---------
	276,719	342,411
	---------	---------

Bank loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.

9. Related party transactions

During the year the company paid rent of £450,000 (2024: £250,000) to a group company. At the year end the company was owed £405,565 (2024: £1,222,064) by companies under common control.

10. Controlling party

The ultimate parent company is Dovedale Associates Limited , a company registered in England & Wales. The registered address of the ultimate controlling party is: Maidstone Studios Vinters Business Park, New Cut Road, Maidstone, Kent, England, ME14 5NZ .