Arch Light Cinemas Limited
Unaudited Financial Statements
For the period ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 10155039 (England and Wales)
Arch Light Cinemas Limited
Company Information
Directors
S C Burdge
P Smith
(Appointed 14 March 2025)
Company number
10155039
Registered office
28 Bedford Square
London
United Kingdom
WC1B 3JS
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Arch Light Cinemas Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 11
Arch Light Cinemas Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
6,358
-
0
Tangible assets
4
4,593,858
5,207,332
4,600,216
5,207,332
Current assets
Stock
18,695
18,995
Debtors
5
292,139
163,643
Cash at bank and in hand
101,610
-
0
412,444
182,638
Creditors: amounts falling due within one year
6
(4,314,546)
(5,865,619)
Net current liabilities
(3,902,102)
(5,682,981)
Total assets less current liabilities
698,114
(475,649)
Creditors: amounts falling due after more than one year
7
(2,272,750)
(2,314,437)
Provisions for liabilities
(351,448)
(451,159)
Net liabilities
(1,926,084)
(3,241,245)
Capital and reserves
Called up share capital
9
1,500,001
1
Share premium account
825,000
825,000
Profit and loss reserves
(4,251,085)
(4,066,246)
Total equity
(1,926,084)
(3,241,245)
Arch Light Cinemas Limited
Balance Sheet (Continued)
As at 31 March 2025
Page 2

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

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
S C Burdge
Director
Company Registration No. 10155039
Arch Light Cinemas Limited
Statement of Changes in Equity
For the period ended 31 March 2025
Page 3
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2023
1
325,000
(2,834,310)
(2,509,309)
Year ended 30 April 2024:
Loss and total comprehensive income for the year
-
-
(1,231,936)
(1,231,936)
Issue of share capital
9
-
0
500,000
-
500,000
Balance at 30 April 2024
1
825,000
(4,066,246)
(3,241,245)
Period ended 31 March 2025:
Loss and total comprehensive income for the period
-
-
(184,839)
(184,839)
Issue of share capital
9
1,500,000
-
0
-
1,500,000
Balance at 31 March 2025
1,500,001
825,000
(4,251,085)
(1,926,084)
Arch Light Cinemas Limited
Notes to the Financial Statements
For the period ended 31 March 2025
Page 4
1
Accounting policies
Company information

Arch Light Cinemas Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Bedford Square, London, United Kingdom, WC1B 3JS.

1.1
Reporting period

The previous accounting period was made up from 1 May 2023 to 30 April 2024. The company shortened it's financial period-end to 31 March 2025 in order to bring it in line with other companies under mutual ownership. Therefore the period is 11 months and the comparatives are not entirely comparable.

1.2
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 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.

1.3
Going concern

The company true made a loss for the year of £184,839 and had net liabilities at 31 March 2025 of £1,926,084.

The director has provided cash flow forecasts which support the company's abilities to repay its creditors as they fall due. When preparing the forecasts, the director has utilised assumptions and estimates based on the information available at the date of the signature of the director's report. The director has confirmed that he will continue to provide financial support to the company for the foreseeable future if required to meet any liabilities as and when they fall due.

Therefore, after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
Page 5

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.5
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development costs
Straight line over 10 years
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over the life of the lease
Fixtures and fittings
Straight line over 5-10 years

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.

1.8
Stock

Stock 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 stock to their present location and condition.

Stock 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 stock 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.

Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
Page 6
1.9
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.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable 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.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

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

Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
Page 7
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.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 8
2
Employees

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

2025
2024
Number
Number
Total
24
29
3
Intangible fixed assets
Website development costs
£
Cost
At 1 May 2024
-
0
Additions
7,000
At 31 March 2025
7,000
Amortisation and impairment
At 1 May 2024
-
0
Amortisation charged for the period
642
At 31 March 2025
642
Carrying amount
At 31 March 2025
6,358
At 30 April 2024
-
0
Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 9
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
5,722,151
1,973,545
7,695,696
Additions
109,111
7,665
116,776
At 31 March 2025
5,831,262
1,981,210
7,812,472
Depreciation and impairment
At 1 May 2024
1,386,634
1,101,730
2,488,364
Depreciation charged in the period
534,532
195,718
730,250
At 31 March 2025
1,921,166
1,297,448
3,218,614
Carrying amount
At 31 March 2025
3,910,096
683,762
4,593,858
At 30 April 2024
4,335,517
871,815
5,207,332
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
62,932
16,499
Other debtors
135,228
70,213
Prepayments and accrued income
93,979
76,931
292,139
163,643
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
13,939
Trade creditors
1,371,619
1,449,271
Taxation and social security
198,880
21,119
Other creditors
2,265,444
3,805,677
Accruals and deferred income
478,603
575,613
4,314,546
5,865,619
Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 10
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,272,750
2,314,437
8
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
-
0
13,939
Other loans
842,750
829,000
842,750
842,939
Payable within one year
20,000
33,939
Payable after one year
822,750
809,000
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.0001p each
10,000
10,000
1
1
A shares of 0.0001p each
5,182
5,182
-
0
-
0
B shares of 0.0001p each
672
672
-
0
-
0
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
1,500,000
0
1,500,000
-
0
Preference shares classified as equity
1,500,000
-
Total equity share capital
1,500,001
1

The Ordinary, A, and B shares are treated as separate classes of Shares for the purposes of all distributions. The B shares do not carry any voting rights. The shares rank pari passu in all other aspects.

During the year, the company allotted 1,500,000 Preference shares, with aggregate nominal value of £1, for consideration of £1,500,000.

Arch Light Cinemas Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2025
Page 11
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
7,979,598
8,449,627
11
Events after the reporting date

On 4 April 2025, 1,243 Ordinary B shares of £0.0001 were issued for total consideration of £437,500.

12
Related party transactions

The company had transactions in the period with third parties which are considered related parties due to having a shared director with significant control of both entities.

Sales of £38,737 (202 4: £5,858) were made to related parties in the period. At period-end, balances of £13,722 (202 4: £956) were due to Arch Light Cinemas from related parties.

Purchases of £399,699 (202 4: £233,481) were made from related parties in the period. At period-end, balances of £108,869 (202 4: £146,534) were due by Arch Light Cinemas to related parties.

At period-end, loan balances of £1,820,590 (2024: £3,291,840) are due by Arch Light Cinemas to related parties. This is split by non-current creditors of £822,750 (2024: £794,000) and by current creditors of £997,840 (2024: £2,497,840). During the period, £28,750 (2024: £nil) of interest was charged on these loans.

13
Parent company

The director considers that the company has no single controlling party.

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