ACCOUNTS - Final Accounts

Commitments under operating leases

At 30 April 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 09021577

ILKLEY CINEMA LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

ILKLEY CINEMA LTD

REGISTERED NUMBER: 09021577

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		795,422		803,007
			795,422		803,007
Current assets
Stocks		9,786		12,480
Debtors: amounts falling due after more than one year	5	125,209		142,945
Debtors: amounts falling due within one year	5	32,004		31,413
Cash at bank and in hand	6	178,973		145,663
		345,972		332,501
Creditors: amounts falling due within one year	7	(376,759)		(387,531)
Net current liabilities			(30,787)		(55,030)
Total assets less current liabilities			764,635		747,977
Creditors: amounts falling due after more than one year	8		(54,003)		(59,968)
Provisions for liabilities
Deferred tax		(126,459)		(122,052)
			(126,459)		(122,052)
Net assets			584,173		565,957

Capital and reserves
Called up share capital	10,000	10,000
Share premium account	361,350	361,350
Profit and loss account	212,823	194,607
	584,173	565,957

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ILKLEY CINEMA LTD

REGISTERED NUMBER: 09021577

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

John Stuart Tate

Director

Date: 25 September 2025

The notes on pages 3 to 10 form part of these financial statements.

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Ilkley Cinema Ltd is a members limited liability company, incorporated in England and Wales. Its registered office is High Austby House, Nesfield, Ilkley, West Yorkshire, LS29 0BJ and its registered number is 09021577. The company's principal activity is operating a cinema.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property alterations	-	5%
Plant and machinery	-	25%
Motor vehicles	-	25%
Fixtures and fittings	-	5%
Office equipment	-	20%
Projectors and servers	-	8%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.11

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price. The impairment loss is recognised immediately in profit or loss.

2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 17 (2024 - 15).

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		ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

	4.	Tangible fixed assets

	Leasehold property alterations	Fixtures and fittings	Projectors and servers	Plant and machinery	Office equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 May 2024	861,247	188,705	100,549	70,489	6,862	1,227,852
Additions	55,511	4,384	-	1,503	583	61,981
At 30 April 2025	916,758	193,089	100,549	71,992	7,445	1,289,833
Depreciation
At 1 May 2024	288,970	70,778	6,772	55,651	2,674	424,845
Charge for the year on owned assets	45,296	9,509	8,224	5,155	1,382	69,566
At 30 April 2025	334,266	80,287	14,996	60,806	4,056	494,411
Net book value
At 30 April 2025	582,492	112,802	85,553	11,186	3,389	795,422
At 30 April 2024	572,277	117,927	93,777	14,838	4,188	803,007

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

5.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	125,209	142,945
	125,209	142,945

					2025	2024
					£	£

Due within one year
Trade debtors	-	2,475
Other debtors	15,144	15,049
Prepayments and accrued income	16,860	13,889
	32,004	31,413

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	178,973	145,663
	178,973	145,663

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	19,114	15,814
Trade creditors	33,901	20,360
Corporation tax	32,471	21,091
Other taxation and social security	44,159	47,556
Other creditors	225,271	258,659
Accruals and deferred income	21,843	24,051
	376,759	387,531

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	54,003	59,968
	54,003	59,968

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	47,049	52,858
	47,049	52,858

Details of security provided:

The bank loan is secured by fixed and floating charges on the assets of the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
	2025	2024
	£	£

	Repayable by instalments	9,126	18,583
		9,126	18,583

The loan due to expire after 5 years is repayable by monthly instalments and falls due to be repaid in November 2030. Interest is being charged at 6% above base rate.

9.	Pension commitments

The Company operates defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £12,254 (2024 - £5,694). Contributions of £279 (2024 - Nil) were payable at the Balance Sheet date and are included in creditors.

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ILKLEY CINEMA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Not later than 1 year	23,500	15,750
Later than 1 year and not later than 5 years	88,125	-
	111,625	15,750

11.

Related party transactions

During the year loans there were loans to Wetherby Film Theatre Limited, a company which is jointly owned by the directors, who are major shareholders, of Ilkley Cinema Limited. The loans at the beginning of the year amounted to £157,994 and at the end of the year to £140,354. Interest is being charged on the loans at rates of between 7.5% to 9%, subject to annual review. The loan periods were reduced during the year and the loans are now repayable by monthly instalments ending on 1 November 2032.

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