REGISTERED NUMBER: 00163225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SLEAFORD PICTURE PALACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G M Goodson

SECRETARY:

G M Goodson

REGISTERED OFFICE:

40 St. John's Road

Driffield

East Yorkshire

YO25 6RS

REGISTERED NUMBER:

00163225 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence

Chartered Accountants

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

4

1,720,041

1,711,137

CURRENT ASSETS

Stocks

43,413

78,176

Debtors

5

343,233

352,420

Cash at bank and in hand

365,034

355,453

751,680

786,049

CREDITORS

Amounts falling due within one year

6

126,135

153,533

NET CURRENT ASSETS

625,545

632,516

TOTAL ASSETS LESS CURRENT LIABILITIES

2,345,586

2,343,653

PROVISIONS FOR LIABILITIES

31,540

22,498

NET ASSETS

2,314,046

2,321,155

CAPITAL AND RESERVES

Called up share capital

14,900

14,900

Revaluation reserve

7

1,221,938

1,221,938

Retained earnings

1,077,208

1,084,317

SHAREHOLDERS' FUNDS

2,314,046

2,321,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

G M Goodson - Director

1.	STATUTORY INFORMATION

Sleaford Picture Palace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,500,000

944,550

2,444,550

Additions

-

141,535

141,535

Disposals

-

(117,950

)

(117,950

)

At 31 December 2024

1,500,000

968,135

2,468,135

DEPRECIATION

At 1 January 2024

370,569

362,844

733,413

Charge for year

30,000

52,562

82,562

Eliminated on disposal

-

(67,881

)

(67,881

)

At 31 December 2024

400,569

347,525

748,094

NET BOOK VALUE

At 31 December 2024

1,099,431

620,610

1,720,041

At 31 December 2023

1,129,431

581,706

1,711,137

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

2,160

Amounts owed by group undertakings

306,392

334,061

Other debtors

36,841

16,199

343,233

352,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

35,518

47,791

Taxation and social security

38,466

44,681

Other creditors

52,151

61,061

126,135

153,533

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

1,221,938

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Filey Enterprises Limited.