Forum Cinema Hexham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06088842

Forum Cinema Hexham Limited

Filleted Unaudited Financial Statements

31 March 2026

Forum Cinema Hexham Limited

Statement of Income and Retained Earnings

Year ended 31 March 2026

	2026	2025
Note	£	£
Retained earnings at the start of the year	191,266	175,007
	---------	---------
Retained earnings at the end of the year	226,450	191,266
	---------	---------

Forum Cinema Hexham Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	7,950	11,957
Tangible assets	6	114,736	74,441
		---------	--------
		122,686	86,398

Current assets

Stocks		7,406	6,661
Debtors	7	13,893	12,207
Cash at bank and in hand		163,222	170,385
		---------	---------
		184,521	189,253

Creditors: amounts falling due within one year	8	80,756	84,384
		---------	---------
Net current assets		103,765	104,869
		---------	---------
Total assets less current liabilities		226,451	191,267
		---------	---------
Net assets		226,451	191,267
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	226,450	191,266
	---------	---------
Shareholders funds	226,451	191,267
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Forum Cinema Hexham Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 2 July 2026 , and are signed on behalf of the board by:

B E Spearman

Director

Company registration number: 06088842

Forum Cinema Hexham Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Forum Cinema, Market Place, Hexham, Northumberland, NE46 1XF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over the 21 year term of the lease

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	7 years straight line
Fixtures and fittings	-	25% reducing balance
Office and Cinema equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2025: 20 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	84,140
	--------
Amortisation
At 1 April 2025	72,183
Charge for the year	4,007
	--------
At 31 March 2026	76,190
	--------
Carrying amount
At 31 March 2026	7,950
	--------
At 31 March 2025	11,957
	--------

6. Tangible assets

	Long leasehold property	Fixtures and fittings	Office and Cinema equipment	Total
	£	£	£	£
Cost
At 1 April 2025	149,655	62,544	154,472	366,671
Additions	53,369	8,122	5,570	67,061
	---------	--------	---------	---------
At 31 March 2026	203,024	70,666	160,042	433,732
	---------	--------	---------	---------
Depreciation
At 1 April 2025	130,476	54,071	107,683	292,230
Charge for the year	11,474	3,233	12,059	26,766
	---------	--------	---------	---------
At 31 March 2026	141,950	57,304	119,742	318,996
	---------	--------	---------	---------
Carrying amount
At 31 March 2026	61,074	13,362	40,300	114,736
	---------	--------	---------	---------
At 31 March 2025	19,179	8,473	46,789	74,441
	---------	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	5,043	3,357
Other debtors	8,850	8,850
	--------	--------
	13,893	12,207
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	7,676	7,712
Social security and other taxes	6,876	14,455
Other creditors	66,204	62,217
	--------	--------
	80,756	84,384
	--------	--------

9. Related party transactions

The company is a wholey owned subsidiary of Hexham Community Partnership.