Company registration number SC787005 (England and Wales)
CLYDEBANKBRIDGE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
CLYDEBANKBRIDGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CLYDEBANKBRIDGE LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
1,505,094
Current assets
Stocks
11,594
Debtors
4
12,502
Cash at bank and in hand
30,595
54,691
Creditors: amounts falling due within one year
5
(1,504,706)
Net current liabilities
(1,450,015)
Total assets less current liabilities
55,079
Provisions for liabilities
(18,350)
Net assets
36,729
Capital and reserves
Called up share capital
100
Profit and loss reserves
36,629
Total equity
36,729

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

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

The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
Mr P C Anderson
Mr P J Anderson
Director
Director
Company registration number SC787005 (England and Wales)
CLYDEBANKBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Clydebankbridge Limited is a private company limited by share capital, incorporated in Scotland, registration number SC787005. The address of the registered office and principal place of business is Omniplex Cinemas, Clydebank Cinema Complex, 23 Britannia Way, Clydebank, Scotland, G81 2AZ.

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
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.

1.3
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 lease term
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.

CLYDEBANKBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CLYDEBANKBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
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.

2
Employees

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

2024
Number
Total
28
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 25 October 2023
-
0
-
0
-
0
Additions
442,161
1,184,797
1,626,958
At 31 October 2024
442,161
1,184,797
1,626,958
Depreciation and impairment
At 25 October 2023
-
0
-
0
-
0
Depreciation charged in the year
18,423
103,441
121,864
At 31 October 2024
18,423
103,441
121,864
Carrying amount
At 31 October 2024
423,738
1,081,356
1,505,094
CLYDEBANKBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
12,502
5
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
1,399,882
Taxation and social security
54,157
Other creditors
50,667
1,504,706
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 profit 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 North West Limited
Date of audit report:
24 October 2025
7
Related party transactions

The immediate parent company is Omniplex Holdings (NI) Limited, registered in Northern Ireland. The address of the registered office for Omniplex Holdings (NI) Limited, is Omniplex Services, Unit 31, Crescent Business Park, Lisburn, Antrim, Northern Ireland, BT28 2GN.

During the year, the company received funding from Omniplex Holdings (NI) Limited. The amounts advanced are unsecured, interest-free and repayable on demand. At the balance sheet date the company owed £1,399,882 to Omniplex Holdings (NI) Limited.

2024-10-31 2023-10-25 false false false 24 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr P C Anderson Mr P J Anderson SC787005 2023-10-25 2024-10-31 SC787005 2024-10-31 SC787005 core:LandBuildings 2024-10-31 SC787005 core:OtherPropertyPlantEquipment 2024-10-31 SC787005 core:ShareCapital 2024-10-31 SC787005 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC787005 bus:Director1 2023-10-25 2024-10-31 SC787005 bus:Director2 2023-10-25 2024-10-31 SC787005 core:LandBuildings core:LongLeaseholdAssets 2023-10-25 2024-10-31 SC787005 core:PlantMachinery 2023-10-25 2024-10-31 SC787005 core:LandBuildings 2023-10-24 SC787005 core:OtherPropertyPlantEquipment 2023-10-24 SC787005 2023-10-24 SC787005 core:LandBuildings 2023-10-25 2024-10-31 SC787005 core:OtherPropertyPlantEquipment 2023-10-25 2024-10-31 SC787005 core:CurrentFinancialInstruments 2024-10-31 SC787005 bus:PrivateLimitedCompanyLtd 2023-10-25 2024-10-31 SC787005 bus:SmallCompaniesRegimeForAccounts 2023-10-25 2024-10-31 SC787005 bus:FRS102 2023-10-25 2024-10-31 SC787005 bus:Audited 2023-10-25 2024-10-31 SC787005 bus:FullAccounts 2023-10-25 2024-10-31 xbrli:pure xbrli:shares iso4217:GBP