REGISTERED NUMBER: 12214078 (England and Wales)

ANDY THEAKSTONE STUDIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

63,123

14,402

Investments

5

51

51

63,174

14,453

CURRENT ASSETS

Debtors

6

22,368

19,752

Cash at bank

126,572

80,063

148,940

99,815

CREDITORS

Amounts falling due within one year

7

105,945

37,466

NET CURRENT ASSETS

42,995

62,349

TOTAL ASSETS LESS CURRENT LIABILITIES

106,169

76,802

PROVISIONS FOR LIABILITIES

2,796

2,736

NET ASSETS

103,373

74,066

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

103,273

73,966

SHAREHOLDERS' FUNDS

103,373

74,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2026 and were signed by:

A J Theakstone - Director

1.	STATUTORY INFORMATION

Andy Theakstone Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12214078

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

20,345

10,354

30,699

Additions

51,500

8,893

60,393

At 30 September 2025

71,845

19,247

91,092

DEPRECIATION

At 1 October 2024

8,387

7,910

16,297

Charge for year

8,399

3,273

11,672

At 30 September 2025

16,786

11,183

27,969

NET BOOK VALUE

At 30 September 2025

55,059

8,064

63,123

At 30 September 2024

11,958

2,444

14,402

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 October 2024

and 30 September 2025

51

NET BOOK VALUE

At 30 September 2025

51

At 30 September 2024

51

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,196

3,196

Other debtors

19,172

16,556

22,368

19,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

201

-

Taxation and social security

-

876

Other creditors

105,744

36,590

105,945

37,466

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

A J Theakstone

Balance outstanding at start of year

16,555

(186

)

Amounts advanced

41,240

64,241

Amounts repaid

(39,500

)

(47,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,295

16,555

Interest on the overdrawn director's loan accounts is payable on a monthly basis at the official rate of interest, however there are no agreed repayment terms.

During the year interest was paid amounting to £641 in respect of the overdrawn director's loan accounts (2024: £184).

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £39,500 (2024 - £47,500) were paid to the director .

Polyphonia Ltd

A company in which Andy Theakstone Studio Ltd has a 50% shareholding.

Sales totalling £38,228 (2024: £36,884) were invoiced to Polyphonia Ltd during the year.

Rent totalling £12,750 (2024: £12,713) was received from Polyphonia Ltd during the year.

Dividends totalling £85,000 (2024: £80,000) were received from Polyphonia Ltd during the year.

Amount due to related party at the balance sheet date was £105,744 (2024: £36,589).