5A Studios Limited - Filleted accounts

Registered number

05133441

5A Studios Limited

Filleted Accounts

31 May 2025

5A Studios Limited
Registered number:		05133441
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		10,451			34,129

Current assets
Debtors	4	29,595			61,588
Cash at bank and in hand		23,471			30,850
		53,066			92,438

Creditors: amounts falling due within one year	5	(39,747)			(93,785)

Net current assets/(liabilities)			13,319			(1,347)

Total assets less current liabilities			23,770			32,782

Creditors: amounts falling due after more than one year	6		-			(12,000)

Provisions for liabilities			(1,986)			(8,532)


Net assets			21,784			12,250

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			11,784			2,250

Shareholder's funds			21,784			12,250

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Cristina Aragon Juarez
Director
Approved by the board on 14 November 2025

5A Studios Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 10 years

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		0


3	Tangible fixed assets
		Plant and machinery etc		Fixtures and fittings		Total
£			£		£
	Cost
	At 1 June 2024	20,285		373,062		393,347
	Additions	5,068		-		5,068
	At 31 May 2025	25,353		373,062		398,415

	Depreciation
	At 1 June 2024	9,831		349,387		359,218
	Charge for the year	5,071		23,675		28,746
	At 31 May 2025	14,902		373,062		387,964

	Net book value
	At 31 May 2025	10,451		-		10,451
	At 31 May 2024	10,454		23,675		34,129


4	Debtors			2025		2024
£					£

	Trade debtors			23,295		55,263
	Other debtors			6,300		6,325
				29,595		61,588


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			12,000		12,000
	Taxation and social security costs			10,176		30,745
	Director's loan account			15,428		50,139
	Other creditors			2,143		901
				39,747		93,785


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		12,000


7	Other information

	5A Studios Limited is a private company limited by shares and incorporated in England. Its registered office is:
	195 Queens Crescent
	London
	NW5 4DS