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Registered number: 10475435
Hugecalf Studios Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10475435
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,612 5,765
Investments 5 1 1
4,613 5,766
CURRENT ASSETS
Debtors 6 207,803 200,437
Investments 7 505,091 833,285
Cash at bank and in hand 79,847 52,354
792,741 1,086,076
Creditors: Amounts Falling Due Within One Year 8 (94,815 ) (42,460 )
NET CURRENT ASSETS (LIABILITIES) 697,926 1,043,616
TOTAL ASSETS LESS CURRENT LIABILITIES 702,539 1,049,382
Creditors: Amounts Falling Due After More Than One Year 9 - (5,834 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (876 ) (1,095 )
NET ASSETS 701,663 1,042,453
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 701,660 1,042,450
SHAREHOLDERS' FUNDS 701,663 1,042,453
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For the year ending 30 April 2026 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J R Hughes
Director
21/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hugecalf Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10475435 . The registered office is 14 Enterpen, Hutton Rudby, Yarm, TS15 0EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company is a parent undertaking and is entitled not to prepare group accounts by virtue of section 398 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using effective interest method.

Listed investments held as part of the company’s cash management portfolio are measured at fair value through profit or loss, as the portfolio is managed and its performance evaluated on a fair value basis. Changes in fair value are recognised in profit or loss.
Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.9. Dividend income
Dividend income is recognised when the right to receive payment is established.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 4)
6 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2025 14,093
As at 30 April 2026 14,093
Depreciation
As at 1 May 2025 8,328
Provided during the period 1,153
As at 30 April 2026 9,481
...CONTINUED
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Net Book Value
As at 30 April 2026 4,612
As at 1 May 2025 5,765
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 May 2025 1
As at 30 April 2026 1
Provision
As at 1 May 2025 -
As at 30 April 2026 -
Net Book Value
As at 30 April 2026 1
As at 1 May 2025 1
*Subsidiaries - Investments in group undertakings and participating interests
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 6,224 1,072
Prepayments and accrued income 637 -
Other debtors 58,174 56,478
Amounts owed by group undertakings 142,768 142,887
207,803 200,437
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
7. Current Asset Investments
2026 2025
£ £
Listed investments 505,091 833,285
The Company's current asset investments comprise UK government gilts which are measured at fair value through profit or loss.
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 3,523 14,102
Bank loans and overdrafts 5,834 10,000
Corporation tax - 13,652
Other taxes and social security 5,036 1,503
Other creditors 569 497
Accruals and deferred income 78,143 1,264
Amounts owed to related parties 1,710 1,442
94,815 42,460
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 5,834
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 3 3
11. Related Party Transactions
At the balance sheet date, included within other debtors was an amount of £44,522 (2025: £40,451) due from a director. Included within creditors: amounts falling due within one year was £1,710 (2025: £1,384) owed to directors. These balances are interest free, unsecured and repayable on demand.
12. Reclassification of comparative figures
In the prior year, investments of £833,285 were classified as fixed asset investments. During the year the presentation of these investments was reconsidered and, having regard to the nature and purpose of the investments as part of the company's cash management arrangements, they have been reclassified as current asset investments. The comparative figures have been reclassified accordingly. The reclassification has no effect on the company's profit, net assets or equity.
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