Oasis Studio Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05841189

Oasis Studio Group Limited

Filleted Unaudited Financial Statements

30 June 2026

Oasis Studio Group Limited

Financial Statements

Year ended 30 June 2026

Contents	Pages

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 9

Oasis Studio Group Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Oasis Studio Group Limited

Year ended 30 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oasis Studio Group Limited for the year ended 30 June 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Oasis Studio Group Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Oasis Studio Group Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oasis Studio Group Limited and its director for our work or for this report.

It is your duty to ensure that Oasis Studio Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oasis Studio Group Limited. You consider that Oasis Studio Group Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Oasis Studio Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

28 October 2026

Oasis Studio Group Limited

Statement of Financial Position

30 June 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	–	25,047

Current assets

Debtors: due within one year	7	55,653	27,568
Debtors: due after more than one year	7	38,800	–
Cash at bank and in hand		2,900	11,769
		--------	--------
		97,353	39,337

Creditors: amounts falling due within one year	8	15,168	47,614
		--------	--------
Net current assets/(liabilities)		82,185	( 8,277)
		--------	--------
Total assets less current liabilities		82,185	16,770

Provisions	–	6,421
	--------	--------
Net assets	82,185	10,349
	--------	--------

Oasis Studio Group Limited

Statement of Financial Position (continued)

30 June 2026

	2026	2025
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	82,085	10,249
	--------	--------
Shareholder funds	82,185	10,349
	--------	--------

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 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 October 2026 , and are signed on behalf of the board by:

Mr P Deakin
Director

Company registration number: 05841189

Oasis Studio Group Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 659 Chatsworth Road, Chesterfield, Derbyshire, S40 3PA.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold land and buildings	-	10% straight line
Fixtures, fittings and equipment	-	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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2025: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 July 2025 and 30 June 2026	100,000
	---------
Amortisation
At 1 July 2025 and 30 June 2026	100,000
	---------
Carrying amount
At 30 June 2026	–
	---------
At 30 June 2025	–
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 July 2025	16,684	271,916	288,600
Disposals	( 16,684)	( 271,916)	( 288,600)
	--------	---------	---------
At 30 June 2026	–	–	–
	--------	---------	---------
Depreciation
At 1 July 2025	16,684	246,869	263,553
Disposals	( 16,684)	( 246,869)	( 263,553)
	--------	---------	---------
At 30 June 2026	–	–	–
	--------	---------	---------
Carrying amount
At 30 June 2026	–	–	–
	--------	---------	---------
At 30 June 2025	–	25,047	25,047
	--------	---------	---------

7. Debtors

Debtors falling due within one year are as follows:

	2026	2025
	£	£
Trade debtors	–	26,806
Amounts owed by group undertakings and undertakings in which the company has a participating interest	55,561	–
Other debtors	92	762
	--------	--------
	55,653	27,568
	--------	--------

Debtors falling due after one year are as follows:

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	38,800	–
	--------	----

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	–	9,444
Trade creditors	32	195
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9,334	11,334
Corporation tax	2,713	203
Social security and other taxes	589	20,453
Credit card liabilities	–	3,334
Other creditors	2,500	2,651
	--------	--------
	15,168	47,614
	--------	--------

9. Director's advances, credits and guarantees

A loan account exists between the company and its director. At the year end date, the director was indebted to the company, in this regard, in the following sums: Mr P Deakin £92 (2025: £11 creditor) Interest is not being charged in relation to this debtor balances and there are no formal terms for repayment.

10. Related party transactions

Included within debtors at the year end date is a loan which is owed to the company by a related party company amounting to £94,000 (2025: £Nil), of which £38,800 is payable after more than one year. The balance results from a loan of £140,000 provided by the company in relation to the sale of trade and assets at the beginning of the period to Eyesiteview Limited. The loan is due to be repaid in 30 monthly instalments of £4,600 with a final lump sum of £2,000. There is no interest chargeable on the loan.