The Odyssey Cinema St Albans Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07103180

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,782,540		3,841,849

			3,782,540		3,841,849
CURRENT ASSETS
Stocks		12,152		10,300
Debtors	5	50,352		63,991
Cash at bank and in hand		905,995		803,795

		968,499		878,086
Creditors: Amounts Falling Due Within One Year	6	(580,453 )		(543,795 )

NET CURRENT ASSETS (LIABILITIES)			388,046		334,291

TOTAL ASSETS LESS CURRENT LIABILITIES			4,170,586		4,176,140

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(50,477 )		(57,642 )

NET ASSETS			4,120,109		4,118,498

CAPITAL AND RESERVES
Called up share capital	8		378,944		378,944
Share premium account			1,549,246		1,549,246
Capital redemption reserve			258,999		258,999
Income Statement			1,932,920		1,931,309

SHAREHOLDERS' FUNDS			4,120,109		4,118,498

Page 1

Page 2

The Odyssey Cinema St Albans Limited

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 30 April 2026 and were signed on its behalf by:

Mr David Grey Williams

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Odyssey Cinema St Albans Limited is a private company, limited by shares. It is incorporated in England & Wales, under a registered number of 07103180 . The registered office is 166 London Road, St Albans, Hertfordshire, AL1 1PQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. Accordingly, the financial statements are prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes, and includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, which is ordinarily at the date of receipt.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the service. In the case of film screenings, turnover is recognised on the date of screening. Turnover from memberships is recognised by reference to the underlying membership term.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Land: no depreciation. Buildings: 1% straight line
Fixtures, Fittings & Equipment	20% straight line

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.7. Financial Instruments

Basic financial instruments are recognised at amortised cost using the effective interest method.

Page 3

Page 4

The Odyssey Cinema St Albans Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in the income statement, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.10. Employee Benefits

The cost of providing employee benefits to which employees have become entitled as a result of service is recognised at the undiscounted amount of short-term benefits expected to be paid for that service. This includes holiday pay earned by employees at the reporting date but not taken.

2.11. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

The average number of employees, including directors, during the year was 47 (2024: 45)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures, Fittings & Equipment	Total
	£	£	£
Cost
As at 1 January 2025	3,908,042	405,666	4,313,708
Additions	-	32,053	32,053

As at 31 December 2025	3,908,042	437,719	4,345,761

...CONTINUED

Page 4

Page 5

The Odyssey Cinema St Albans Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	303,642	168,217	471,859
Provided during the period	28,771	62,591	91,362

As at 31 December 2025	332,413	230,808	563,221

Net Book Value
As at 31 December 2025	3,575,629	206,911	3,782,540

As at 1 January 2025	3,604,400	237,449	3,841,849

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	360	20,567
Other debtors	49,992	43,424

	50,352	63,991

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	63,636	52,070
Other creditors	282,984	309,453
Taxation and social security	233,833	182,272

	580,453	543,795

7. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	50,477	57,642

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
304,012 Ordinary shares of £ 0.01 each	3,040	3,040
379,701 Deferred shares of £ 0.99 each	375,904	375,904

	378,944	378,944

9. Other Commitments

At the end of the period the company's commitments, guarantees and contingencies totalled £15,235.

10. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date no unpaid contributions were due to the fund (2024: nil).

Page 5