REGISTERED NUMBER: 10535556 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE LIVING ROOM CINEMA LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Beswick

N Carmen-Davis

A R Gavin

REGISTERED OFFICE:

The Square

Liphook

GU30 7AH

REGISTERED NUMBER:

10535556 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Intangible assets

4

2,100

4,200

Tangible assets

5

1,054,619

1,050,535

1,056,719

1,054,735

CURRENT ASSETS

Debtors

6

1,431

29,111

Investments

7

1

1

Cash at bank

6

6

1,438

29,118

CREDITORS

Amounts falling due within one year

8

669,493

617,726

NET CURRENT LIABILITIES

(668,055

)

(588,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

388,664

466,127

CREDITORS

Amounts falling due after more than one year

9

206,496

185,079

NET ASSETS

182,168

281,048

CAPITAL AND RESERVES

Called up and paid share capital

2,660

2,660

Share premium

926,176

926,176

Capital redemption reserve

590

590

Retained earnings

(747,258

)

(648,378

)

182,168

281,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

C E Beswick - Director

1.	STATUTORY INFORMATION

The Living Room Cinema Ltd. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about The Living Room Cinema Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

No depreciation

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Going concern

The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of it's the bankers and its directors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

10,500

AMORTISATION

At 1 April 2024

6,300

Charge for year

2,100

At 31 March 2025

8,400

NET BOOK VALUE

At 31 March 2025

2,100

At 31 March 2024

4,200

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

991,039

89,915

1,080,954

Additions

22,067

-

22,067

At 31 March 2025

1,013,106

89,915

1,103,021

DEPRECIATION

At 1 April 2024

-

30,419

30,419

Charge for year

-

17,983

17,983

At 31 March 2025

-

48,402

48,402

NET BOOK VALUE

At 31 March 2025

1,013,106

41,513

1,054,619

At 31 March 2024

991,039

59,496

1,050,535

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,315

1,315

Other debtors

116

27,796

1,431

29,111

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

1

1

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,337

24,605

Trade creditors

27,815

28,120

Amounts owed to group undertakings

502,359

465,618

Taxation and social security

28,093

31,922

Other creditors

86,889

67,461

669,493

617,726

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

206,496

185,079

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

279,048

250,107

Incidental Colman Limited and M Beswick have a charge over the freehold property of the company.