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COMPANY REGISTRATION NUMBER: 08913234

Abbeygate Cinema Limited

Filleted Unaudited Financial Statements

31 December 2024

Abbeygate Cinema Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,172,661 |  | 1,251,223
Investments | 6 |  | 53,677 |  | 53,961
|  | ------------ |  | ------------
|  | 1,226,338 |  | 1,305,184

Current assets

Stocks | 10,631 |  | 9,516 |
Debtors | 7 | 117,654 |  | 129,809 |
Cash at bank and in hand | 62,084 |  | 89,124 |
| --------- |  | --------- |
| 190,369 |  | 228,449 |

Creditors: amounts falling due within one year | 8 | 1,178,890 |  | 1,010,823 |
| ------------ |  | ------------ |
Net current liabilities |  | 988,521 |  | 782,374
|  | ------------ |  | ------------
Total assets less current liabilities |  | 237,817 |  | 522,810

Creditors: amounts falling due after more than one year | 9 |  | 29,839 |  | 89,516

Provisions |  | 36,247 |  | 49,845
|  | --------- |  | ---------
Net assets |  | 171,731 |  | 383,449
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 662,001 |  | 662,001
Profit and loss account |  | ( 490,270) |  | ( 278,552)
|  | --------- |  | ---------
Shareholders funds |  | 171,731 |  | 383,449
|  | --------- |  | ---------

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 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 .

Abbeygate Cinema Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

L Goleby |
Director |

Company registration number: 08913234

Abbeygate Cinema Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Hatter Street, Bury St. Edmunds, Suffolk, IP33 1LZ.
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.
Going concern
The statutory accounts have been prepared on the going concern basis. The Director has carefully reviewed the future prospects of the company and its future cash flows. Having assessed this the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from signing of these statutory accounts. For this reason the Director continues to adopt the going concern basis for the preparation of the statutory accounts. Accordingly, these statutory accounts do not include any adjustments to the carrying amount of classification of assets and liabilities that would result if the company was unable to continue as a going concern.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Revenue recognition
Revenue comprises income from screen events, tickets, food and beverages and is net of VAT and other discounts. Revenue is measured at the fair value of the consideration received or receivable. Revenue is recognised when the goods and services have been provided.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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.
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:

| Long leasehold property | - | 7% straight line
| Plant and machinery | - | 15% straight line
| Fixtures and fittings | - | 15% straight line
| Equipment | - | 20 % straight line

| Online booking system | - | 20 % straight line

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the group becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective rate method. A provision is established when there is objective evidence that the group will not be able to collect all amounts due.
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 36 (2023: 36 ).
5. Tangible assets

| Leasehold property and improvements | Plant and machinery | Fixtures and fittings | Equipment | Online booking system | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Jan 2024 | 1,678,262 | 429,710 | 145,751 | 1,917 | 26,858 | 2,282,498
Additions | 16,073 | 35,095 | 14,266 | 620 | – | 66,054
| ------------ | --------- | --------- | ------- | -------- | ------------
At 31 Dec 2024 | 1,694,335 | 464,805 | 160,017 | 2,537 | 26,858 | 2,348,552
| ------------ | --------- | --------- | ------- | -------- | ------------
Depreciation |  |  |  |  |  |
At 1 Jan 2024 | 553,131 | 331,458 | 119,061 | 767 | 26,858 | 1,031,275
Charge for the year | 102,794 | 32,197 | 9,138 | 487 | – | 144,616
| ------------ | --------- | --------- | ------- | -------- | ------------
At 31 Dec 2024 | 655,925 | 363,655 | 128,199 | 1,254 | 26,858 | 1,175,891
| ------------ | --------- | --------- | ------- | -------- | ------------
Carrying amount |  |  |  |  |  |
At 31 Dec 2024 | 1,038,410 | 101,150 | 31,818 | 1,283 | – | 1,172,661
| ------------ | --------- | --------- | ------- | -------- | ------------
At 31 Dec 2023 | 1,125,131 | 98,252 | 26,690 | 1,150 | – | 1,251,223
| ------------ | --------- | --------- | ------- | -------- | ------------

6. Investments

| Unlisted investments
| £
Cost |
At 1 January 2024 | 53,961
Transfers | (284)
| --------
At 31 December 2024 | 53,677
| --------
Impairment |
At 1 January 2024 and 31 December 2024 | –
| --------

Carrying amount |
At 31 December 2024 | 53,677
| --------
At 31 December 2023 | 53,961
| --------

7. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 11,959 | 10,651
Amounts owed by group undertakings | 58,449 | 57,738
Other debtors | 47,246 | 61,420
| --------- | ---------
| 117,654 | 129,809
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 61,777 | 59,677
Trade creditors | 172,870 | 120,898
Accruals and deferred income | 261,891 | 235,180
Social security and other taxes | 67,915 | 64,110
Director loan accounts | 421,623 | 348,250
Gift card control | 82,362 | 74,928
Credit card control | 232 | 215
Other creditors | 110,220 | 107,565
| ------------ | ------------
| 1,178,890 | 1,010,823
| ------------ | ------------

9. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 29,839 | 89,516
| -------- | --------

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 | 2023
| £ | £
Not later than 1 year | 45,749 | 45,749
Later than 1 year and not later than 5 years | 176,522 | 178,514
Later than 5 years | 235,849 | 279,606
| --------- | ---------
| 458,120 | 503,869
| --------- | ---------

Lyn Goleby has entered into an Authorised Guarantee Agreement on behalf of the company in regard to 4 Hatter Street.
11. Related party transactions
At the year end the company owed the director £421,623 (2023: £348,250) which is shown amongst creditors. The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with group companies that are wholly owned.