REGISTERED NUMBER: 15190151 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

STUDIO74 SOUTH LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

26,094

-

Investment property

5

1,170,577

-

1,196,671

-

Current assets

Debtors

6

926

100

Cash at bank

3,547

300,138

4,473

300,238

Creditors

Amounts falling due within one year

7

1,237,858

305,022

Net current liabilities

(1,233,385

)

(4,784

)

Total assets less current liabilities

(36,714

)

(4,784

)

Capital and reserves

Called up share capital

8

100

100

Retained earnings

(36,814

)

(4,884

)

Shareholders' funds

(36,714

)

(4,784

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

Mr M Berryman - Director

1.	Statutory information

Studio74 South Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 15190151. The registered office and business address is First Floor, 745 Ampress Lane, Lymington, Hampshire, SO41 8LW.

2.	Accounting policies

Basis of preparing the financial statements

The Company has made a loss during the year and has a deficiency of assets at the year end of £36,714. The Company is dependent upon the continued support of its directors and external lenders. The directors have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements.

Tangible fixed assets

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

Furniture, Fixtures & Fittings - 25% on reducing balance

Investment property

Investment property is shown at cost in the year of acquisition and at the most recent valuation in subsequent years. Any aggregate surplus or deficit arising from changes in fair value is recognised within other comprehensive income.

The directors do not consider that the value of this property, at this year-end, has materially altered since its acquisition. Therefore no fair value adjustment is required at the year end.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

Additions

34,792

At 31 October 2025

34,792

Depreciation

Charge for year

8,698

At 31 October 2025

8,698

Net book value

At 31 October 2025

26,094

5.	Investment property

Total

£

Fair value

Additions

1,170,577

At 31 October 2025

1,170,577

Net book value

At 31 October 2025

1,170,577

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

100

100

Prepayments and accrued income

826

-

926

100

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

61

Other creditors

1,234,960

304,961

Directors' current accounts

798

-

Accruals and deferred income

2,100

-

1,237,858

305,022

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	Ultimate controlling party

The Company is under the control of the Directors, Mrs & Mrs Berryman, by virtue of their combined 100% holding of the issued voting share capital of the Company.

10.	First year adoption

These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 5 October 2023.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.