I just got my ILR application done at the Croydon center yesterday.

I need to go to Budapest for a business visit ..so I am wondering whether I need schengen visa to travel to Europe now.
From the below link :
http://eur-lex.europa.eu/legal-content/ ... 32010R0265
""
A third-country national holding a long-stay visa issued by a Member State should therefore be allowed to travel to other Member States for three months in any six-month period, under the same conditions as the holder of a residence permit. This Regulation does not affect the rules regarding the conditions for issuing long-stay visas.
""
Can some experienced boarder confirm that this means I dont need visa to go on a short trip in EU.
Many thanks in advance for your help and guidance :