Registered number: 03817751
**MAGDALEN ROAD STUDIOS DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
Panthera Limited Chartered Management Accountants The Manor Main Street Grove Oxfordshire OX12 7JJ
## **Magdalen Road Studios Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2|
|Accountant's Report|3|
|Profit and Loss Account|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6—7|
|The following pages do not form part of the statutory accounts:||
|Trading Profit and Loss Account|8|
**Magdalen Road Studios Company Information For The Year Ended 31 August 2025**
|**Directors**|Mrs Lucy Stopford|
|---|---|
||Mr David Cumberbatch|
||Mr Stephen Snoddy|
||Ms Amanda Jewell|
||Mr Tom Hunter|
||Mr Sean Hand|
||Mr Andy Verschoyle|
|**Secretary**|Mr Lucas McLaughlin|
|**Company Number**|03817751|
|**Registered Office**|c/o Panthera Accounting|
||The Manor, Main Street|
||Grove, Wantage|
||Oxon|
||OX12 7JJ|
|**Accountants**|Panthera Limited|
||Chartered Management Accountants|
||The Manor|
||Main Street|
||Grove|
||Oxfordshire|
||OX12 7JJ|
Page 1
## **Magdalen Road Studios Company No. 03817751 Directors' Report For The Year Ended 31 August 2025**
The directors present their report and the financial statements for the year ended 31 August 2025.
## **Directors**
The directors who held office during the year were as follows:
Mrs Lucy Stopford
Mr David Cumberbatch
Mr Stephen Snoddy Resigned 02/09/2024
Ms Amanda Jewell
Mr Tom Hunter
Mr Sean Hand
Mr Andy Verschoyle Appointed 29/01/2025
## **Statement of Directors' Responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Amanda Jewell Director Date
Page 2
## **Magdalen Road Studios Accountant's Report For The Year Ended 31 August 2025**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Magdalen Road Studios for the year ended 31 August 2025 which comprise the Profit and Loss Account, the Balance Sheet, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the directors of Magdalen Road Studios in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Magdalen Road Studios and state those matters that we have agreed to state to the directors of Magdalen Road Studios in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Magdalen Road Studios 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 Magdalen Road Studios. You consider that Magdalen Road Studios 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 Magdalen Road Studios. 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.
Date
Panthera Limited Chartered Management Accountants The Manor Main Street Grove Oxfordshire OX12 7JJ
Page 3
## **Magdalen Road Studios Profit and Loss Account For The Year Ended 31 August 2025**
|**Notes**
**TURNOVER**
**GROSS PROFIT**
Distribution costs
Administrative expenses
**OPERATING (LOSS)/PROFIT**
Interest payable and similar charges
**(LOSS)/PROFIT FOR THE FINANCIAL YEAR**
The notes on pages 6 to 7 form part of these financial statements.|**2025**
**£**
84,444
84,444
(8,905)
(76,780)
(1,241)
-
(1,241)|**2024**
**£**
91,352|
|---|---|---|
|||91,352
(4,193)
(72,297)|
|||14,862
(37)|
|||14,825|
||||
Page 4
## **Magdalen Road Studios Balance Sheet As At 31 August 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**4**
**CURRENT ASSETS**
Debtors
**5**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**6**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Profit and Loss Account
**SHAREHOLDERS' FUNDS**|**2025**
**£**
**£**
94
94
2,000
8,166
10,166
(5,978)
4,188
4,282
4,282
4,282
4,282|**2025**
**£**
**£**
94
94
2,000
8,166
10,166
(5,978)
4,188
4,282
4,282
4,282
4,282|**2024**
**£**
**£**
141
141
2,000
10,000
12,000
(6,618)
5,382
5,523
5,523
5,523
5,523|**2024**
**£**
**£**
141
141
2,000
10,000
12,000
(6,618)
5,382
5,523
5,523
5,523
5,523|
|---|---|---|---|---|
|||94
4,188||141
5,382|
||10,166
(5,978)||12,000
(6,618)||
||||||
|||4,282||5,523|
|||4,282||5,523|
|||4,282||5,523|
|||4,282||5,523|
For the year ending 31 August 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Amanda Jewell Director Date
The notes on pages 6 to 7 form part of these financial statements.
Page 5
## **Magdalen Road Studios Notes to the Financial Statements For The Year Ended 31 August 2025**
## 1. **General Information**
Magdalen Road Studios is a private company, limited by shares, incorporated in England & Wales, registered number 03817751. The registered office is c/o Panthera Accounting, The Manor, Main Street, Grove, Wantage, Oxon, OX12 7JJ.
## 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.
## 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
## **Sale of goods**
Turnover form 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
## 25% Reducing Balance
## 3. **Average Number of Employees**
Average number of employees, including directors, during the year was: NIL (2024: NIL)
## 4. **Tangible Assets**
|**Cost**
As at 1 September 2024
As at 31 August 2025
**Depreciation**
As at 1 September 2024
Provided during the period
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024|**Fixtures &**
**Fittings**
**£**
1,885|
|---|---|
||1,885|
||1,744
47|
||1,791|
||94|
||141|
Page 6
## **Magdalen Road Studios Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
5. **Debtors**
|5.
**Debtors**|||
|---|---|---|
|**Due within one year**
Other debtors
6.
**Creditors: Amounts Falling Due Within One Year**
Rental Deposits Held
Accruals and deferred income|**2025**
**£**
2,000
**2025**
**£**
5,198
780
5,978|**2024**
**£**
2,000|
|||**2024**
**£**
5,891
727|
|||6,618|
Page 7
## **Magdalen Road Studios Trading Profit and Loss Account For The Year Ended 31 August 2025**
|**TURNOVER**
F14 Studio hire
Other
Artist's Rent
Electricity & gas paid by artists
Grants and subsidies received
**GROSS PROFIT**
**Distribution Costs**
Administration and support costs
**Administrative Expenses**
Health and safety costs
Rent
Rates
Light and heat
Repairs and maintenance
Insurance
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Depreciation of fixtures and fittings
Sundry expenses
**OPERATING (LOSS)/PROFIT**
**Interest payable and similar charges**
Bank interest payable
**(LOSS)/PROFIT FOR THE FINANCIAL YEAR**|**2025**
**£**
**£**
5,801
560
75,257
2,826
-
84,444
84,444
8,905
(8,905)
608
63,075
1,941
8,091
606
47
247
1,166
814
47
138
(76,780)
(1,241)
-
-
(1,241)|**2025**
**£**
**£**
5,801
560
75,257
2,826
-
84,444
84,444
8,905
(8,905)
608
63,075
1,941
8,091
606
47
247
1,166
814
47
138
(76,780)
(1,241)
-
-
(1,241)|**2024**
**£**
**£**
2,194
163
78,457
538
10,000
91,352
91,352
4,193
(4,193)
261
58,596
975
6,549
1,485
930
226
1,512
822
47
894
(72,297)
14,862
37
(37)
14,825|**2024**
**£**
**£**
2,194
163
78,457
538
10,000
91,352
91,352
4,193
(4,193)
261
58,596
975
6,549
1,485
930
226
1,512
822
47
894
(72,297)
14,862
37
(37)
14,825|
|---|---|---|---|---|
|||84,444
84,444
(8,905)
(76,780)||91,352
91,352
(4,193)
(72,297)|
||608
63,075
1,941
8,091
606
47
247
1,166
814
47
138||261
58,596
975
6,549
1,485
930
226
1,512
822
47
894||
||-||37||
|||(1,241)
-||14,862
(37)|
||||||
|||(1,241)||14,825|
Page 8