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Company No: 15166690 (England and Wales)

# ODEON (UK) PROPERTY HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

ODEON (UK) PROPERTY HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

ODEON (UK) PROPERTY HOLDINGS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
ODEON (UK) PROPERTY HOLDINGS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 27,269,227 |  | 0
Investments | 4 | 0 |  | 26,820,558
|  | 27,269,227 |  | 26,820,558
Current assets |  |  |  |
Debtors | 5 | 89,086 |  | 60,578
Cash at bank and in hand |  | 98,231 |  | 60,300
|  | 187,317 |  | 120,878
Creditors: amounts falling due within one year | 6 | ( 61,694) |  | ( 79,989)
Net current assets |  | 125,623 |  | 40,889
Total assets less current liabilities |  | 27,394,850 |  | 26,861,447
Creditors: amounts falling due after more than one year | 7 | ( 15,848,413) |  | ( 15,835,356)
Net assets |  | 11,546,437 |  | 11,026,091
Capital and reserves |  |  |  |
Called-up share capital | 8 | 16,169,803 |  | 11,072,981
Profit and loss account |  | ( 4,623,366 ) |  | ( 46,890 )
Total shareholder's funds |  | 11,546,437 |  | 11,026,091

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Odeon (UK) Property Holdings Limited (registered number: 15166690) were approved and authorised for issue by the Director. They were signed on its behalf by:

D S Bardiger Director |

04 November 2025

ODEON (UK) PROPERTY HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
ODEON (UK) PROPERTY HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Odeon (UK) Property Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

##### Reporting period length

The financial statements have been presented for the 12 month period while the comparative financial statement was a 10 month period from the incorporation date of 26 September 2023 up to 30 June 2024. This means the amounts in the financial statements are not entirely comparable.

##### Turnover

Revenue represents rent receivable, excludes value added tax and arises solely in the United Kingdom.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date.

##### Fixed asset investments

Investments are are initially measured at cost which is normally the transaction price excluding transaction costs and subsequently measured at cost less any accumulated impairment losses. The investment is assessed for impairment at each reporting date and any impairment loss or reversal of impairment loss is recognised immediately in the income statement.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 0
Additions | 27,269,227
As at 30 June 2025 | 27,269,227

The investment property was valued by the director on 30 June 2025 on an open market basis by reference to the market evidence of transaction prices of similar properties.

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 July 2024 | 26,820,558
Additions | 5,030,750
Revalutaion | (4,582,081)
Disposals | (27,269,227)
At 30 June 2025 | 0
Carrying value at 30 June 2025 | 0
Carrying value at 30 June 2024 | 26,820,558

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by parent undertakings | 38,304 |  | 0
Other debtors | 50,782 |  | 60,578
| 89,086 |  | 60,578

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 2,364 |  | 0
Amounts owed to parent undertakings | 0 |  | 24,340
Other creditors | 59,330 |  | 55,649
| 61,694 |  | 79,989

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 15,848,413 |  | 15,835,356

The non-current loan totalling £15,848,413 (2024 - £15,835,356) is secured by a fixed and floating charge over all of the assets of the company.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
16,169,803 Ordinary shares shares of £ 1.00 each (2024: 11,072,981 shares of £ 1.00 each) | 16,169,803 |  | 11,072,981

On 11 April 2025, the company issued 5,096,822 £1 Ordinary shares at par.

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 2,850 |  | 0

#### 10. Related party transactions

The company has taken advantage of the exemption available in accordance with Section 33.1A of Financial Reporting Standard 102 whereby it has not disclosed transactions entered into between two or more members of a group as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.