REGISTERED NUMBER: SC455568 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Alhambra Theatre Landholdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Fletcher

Mrs C A Jones

REGISTERED OFFICE:

Drumsheugh Toll

2 Belford Road

Edinburgh

EH4 3BL

REGISTERED NUMBER:

SC455568 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Investment property

4

2,889,191

2,892,781

CURRENT ASSETS

Debtors

5

87,532

53,308

Cash at bank

9,733

5,015

97,265

58,323

CREDITORS

Amounts falling due within one year

6

421,157

420,276

NET CURRENT LIABILITIES

(323,892

)

(361,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,565,299

2,530,828

CREDITORS

Amounts falling due after more than one year

7

(2,200

)

(6,600

)

PROVISIONS FOR LIABILITIES

(556,113

)

(557,011

)

NET ASSETS

2,006,986

1,967,217

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

1,695,297

1,697,989

Retained earnings

8

311,589

269,128

SHAREHOLDERS' FUNDS

2,006,986

1,967,217

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr S Fletcher - Director

1.	STATUTORY INFORMATION

Alhambra Theatre Landholdings Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. The properties are assessed for any impairment of their carrying value and where required the valuation is adjusted for impairment. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Where a fair value adjustment has been made, the amount has been transferred from retained earnings to a fair value reserve in order to distinguish between distributable and non-distributable reserves.

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 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,892,781

Revaluations

(3,590

)

At 31 December 2024

2,889,191

DEPRECIATION

At 1 January 2024

6,017

Reclassification/transfer

(6,017

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

2,889,191

At 31 December 2023

2,886,764

Investment property was valued by the directors at 31 December 2024 and is not considered to be materially different from market value.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

2,889,191

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

as restated

£

£

Cost

248,590

248,590

Aggregate depreciation

(6,017

)

(6,017

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade debtors

11,834

11,895

Other debtors

7,620

303

Prepayments and accrued income

68,078

41,110

87,532

53,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts

4,400

4,400

Trade creditors

4,210

1,103

Tax

31,053

29,882

VAT

6,692

7,033

Other creditors

315,705

315,705

Directors' current accounts

58,698

57,281

Accrued expenses

399

4,872

421,157

420,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans - 1-5 years

2,200

6,600

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

263,111

1,697,989

1,961,100

Prior year adjustment

6,017

6,017

269,128

1,967,117

Profit for the year

104,768

104,768

Dividends

(65,000

)

(65,000

)

Transfer to/from fair value

reserve

2,693

(2,692

)

1

At 31 December 2024

311,589

1,695,297

2,006,886

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2023 - £48,460) were paid to the directors .

Included within creditors due less than 1 year is a balance owed to the directors of £58,699 (2023 - £57,281). This loan is interest free and is repayable upon demand.

Included within other creditors due less than 1 year is a balance of £300,605 (2023: £300,605). This amount is owed to a company of which S Fletcher is also a director. This loan is interest free and is repayable upon demand. The loan is unsecured. No repayments were made during the year.