REGISTERED NUMBER: 13086291 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Seacroft Films Investments Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

D G Newett

J C Green

REGISTERED OFFICE:

Thorp Arch Grange

Walton Road

Thorp Arch

Wetherby

West Yorkshire

LS23 7BA

REGISTERED NUMBER:

13086291 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

BANKERS:

Santander UK plc

2 Triton Square

Regents Place

London

NW1 3AN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seacroft Films Investments Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Seacroft Films Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seacroft Films Investments Limited and state those matters that we have agreed to state to the Board of Directors of Seacroft Films Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seacroft Films Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seacroft Films Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seacroft Films Investments Limited. You consider that Seacroft Films Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seacroft Films Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

30 September 2025

FIXED ASSETS

Investment property

5

25,275,000

18,911,018

CURRENT ASSETS

Debtors

6

3,277,914

3,135,291

Cash at bank

229,984

355,503

3,507,898

3,490,794

CREDITORS

Amounts falling due within one year

7

20,651,822

17,243,935

NET CURRENT LIABILITIES

(17,143,924

)

(13,753,141

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,131,076

5,157,877

PROVISIONS FOR LIABILITIES

2,914,505

1,640,531

NET ASSETS

5,216,571

3,517,346

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9,419,910

4,921,595

Retained earnings

(4,203,439

)

(1,404,349

)

5,216,571

3,517,346

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 30 September 2025 and were signed on its behalf by:

D G Newett - Director

1.	STATUTORY INFORMATION

Seacroft Films Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on the going concern basis. The company continues to rely on the support of its directors, lenders and related parties. They have all maintained such support since the year end and the directors expect this to continue.

Accordingly the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover represents rental income from tenants, excluding VAT. Rental income is recognised over the term of the lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

18,911,018

Additions

591,693

Revaluations

5,772,289

At 31 December 2024

25,275,000

NET BOOK VALUE

At 31 December 2024

25,275,000

At 31 December 2023

18,911,018

The investment properties were valued by Knight Frank on 30 January 2025 on the basis of open market value, the directors have confirmed that this valuation is consistent with the value at 31 December 2024.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

6,966,231

Valuation in 2024

5,848,613

Cost

12,460,156

25,275,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

41,148

-

Amounts owed by group undertakings

2,404,522

2,066,660

Other debtors

94,537

64,850

VAT

12,551

-

Prepayments and accrued income

725,156

1,003,781

3,277,914

3,135,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

16,419,746

11,997,262

Trade creditors

169,138

427,709

Amounts owed to group undertakings

2,098,193

3,710,247

VAT

-

26,152

Other creditors

808,498

53,803

Directors' loan accounts

794,498

952,797

Accruals and deferred income

361,749

75,965

20,651,822

17,243,935

The bank loans and overdrafts of £16,419,746 are secured against assets of the company and the assets of Seacroft Films Land Limited.

8.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings

2024

2023

£

£

Amount due from related party at the balance sheet date

2,404,522

2,066,660

Amounts owed to group undertakings

2024

2023

£

£

Amount due to related party at the balance sheet date

2,102,417

2,281,052

Loans from related parties

During the year interest amounting to £126,770 (2023: £123,904) was charged on the loans.

2024

2023

£

£

Amount due to related party at the balance sheet date

794,498

1,429,195

Loans from directors

During the year interest amounting to £49,600 (2023: £86,194) was charged on the loans.

2024

2023

£

£

Amount due to related party at the balance sheet date

794,498

952,797

9.	ULTIMATE CONTROLLING PARTY