Company registration number 15173957 (England and Wales)
WIGBRIDGE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
WIGBRIDGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
WIGBRIDGE LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
2,669,741
Current assets
Stocks
45,455
Debtors
4
119,094
Cash at bank and in hand
41,556
206,105
Creditors: amounts falling due within one year
5
(4,268,786)
Net current liabilities
(4,062,681)
Net liabilities
(1,392,940)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(1,393,040)
Total equity
(1,392,940)

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 October 2025
Mr P J Anderson
Director
Company registration number 15173957 (England and Wales)
WIGBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Wigbridge Limited is a private company limited by share capital, incorporated in England and Wales, registration number 15173957. The address of the registered office is Omniplex Cinemas, Park Way, Rednal, Birmingham, England, B45 9PL. The company has two principal places of business, as follows:

- Omniplex Cinema Wigan, Unit 2, Robin Leisure Park, Wigan, England, WN5 0UJ.

- Omniplex Cinema Sunderland, 4 Lambton Street, Sunderland, England, SR1 1TP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Going concern true

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate despite the company reporting a loss for the period and having net liabilities at the balance sheet date.

The company commenced trading during the year and is currently in the early stages of its commercial development. The directors have prepared detailed forecasts and cash flow projections which demonstrate that the company is expected to return to profitability and generate positive cash flows in future periods.

In addition, the company benefits from the ongoing financial backing of its ultimate parent company, which has confirmed that it will continue to provide financial support for at least 12 months from the date of approval of these financial statements.

On this basis, the directors believe that the company will have sufficient resources to meet its obligations as they fall due and have therefore adopted the going concern basis in preparing these financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Box office revenue, recognised on the day of the showing of the film that the ticket relates to. Retail revenue, including the sale of food and drink in the cinemas, recognised at the point of sale.

- Fees are charges for advanced bookings of tickets with revenue recognised at the point that the ticket is purchased.

WIGBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets

Land and buildings held and used in the company's own activities are stated in the financial statements at their cost value or by their current valuation.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Leasehold land and buildings
Over the term of the lease
Plant and equipment
12.5% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

1.5
Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

1.8

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

1.9

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

WIGBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
54
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 29 September 2023
-
0
-
0
-
0
Additions
54,501
2,781,925
2,836,426
At 31 October 2024
54,501
2,781,925
2,836,426
Depreciation and impairment
At 29 September 2023
-
0
-
0
-
0
Depreciation charged in the year
2,070
164,615
166,685
At 31 October 2024
2,070
164,615
166,685
Carrying amount
At 31 October 2024
52,431
2,617,310
2,669,741
4
Debtors
2024
Amounts falling due within one year:
£
Unpaid share capital
100
Other debtors
70,251
Prepayments and accrued income
48,743
119,094
5
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
4,182,000
Other creditors
22,664
Accruals and deferred income
64,122
4,268,786
WIGBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 October 2024 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Michael Garrett BA FCA ATII
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
15 October 2025
7
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The immediate parent company is Basingbridge Limited, registered in Northern Ireland. The address of registered office for Basingbridge Limited is Unit 31, Crescent Business Park, Lisburn, Northern Ireland, BT28 2GN.

8
Other financial commitments

At the year end the total operating lease commitments that are not shown on the balance sheet amounted to £9,615,200.

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