Registration number:
S & B Cinemas Limited
for the Year Ended 31 March 2026
S & B Cinemas Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
S & B Cinemas Limited
(Registration number: 05062592)
Statement of Financial Position as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Provisions for liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
1,403,754 |
1,255,409 |
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Shareholders' funds |
1,403,854 |
1,255,509 |
For the financial 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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
S & B Cinemas Limited
(Registration number: 05062592)
Statement of Financial Position as at 31 March 2026 (continued)
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S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is motion picture projection.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold property |
1% straight line |
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Leasehold property improvements |
Over the term of the lease |
S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
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Plant & machinery |
25% reducing balance |
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Office equipment |
33% straight line |
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Motor vehicles |
25% reducing balance |
Impairment
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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Accounting policies (continued) |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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Tangible assets |
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Land and buildings |
Leasehold property improves. |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2025 |
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Additions |
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- |
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- |
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At 31 March 2026 |
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Depreciation |
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At 1 April 2025 |
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Charge for the year |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 31 March 2025 |
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Stocks |
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2026 |
2025 |
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Finished goods and goods for resale |
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Debtors |
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2026 |
2025 |
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Trade debtors |
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Other debtors |
- |
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Prepayments |
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Taxation and social security |
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- |
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S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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Creditors |
Creditors: amounts falling due within one year
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Note |
2026 |
2025 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include net obligations under hire purchase contracts which are secured of £73,130 (2025 - £45,834).
Loans and borrowings include £61,578 (2025 - £Nil) in respect of a loan from Lloyds Bank PLC. The loan is over a 10-year term that commenced on 29 April 2025, with a total interest rate of 6.48%. See Creditors due after more than one year for security details.
Loans and borrowings also include £37,274 (2025 - £47,067) in respect of a loan from Funding Circle Eclipse Lending Limited. This loan is a 6 year loan that commenced on 12 December 2025, with a fixed interest rate of 7.80% per annum. Last year's loan was a 6 year loan that commenced on 25 October 2021, with a fixed interest rate of 9.40% per annum but this was refinanced on 12 December 2025, and amalgamated with the new loan.
Creditors: amounts falling due after more than one year
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Note |
2026 |
2025 |
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Due after one year |
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Loans and borrowings |
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S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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Creditors (continued) |
Creditors include net obligations under hire purchase contracts which are secured of £209,934 (2025 - £7,048).
Loans and borrowings include £607,367 (2025 - £Nil) in respect of a loan from Lloyds Bank PLC. The loan is over a 10-year term that commenced on 29 April 2025, with a total interest rate of 6.48%. This loan is secured by a fixed and floating charge, containing a negative pledge, over 14 The Avenue, Minehead, plus an all-monies debenture given by the company, in respect of Lloyds Bank PLC, dated 30 April 2025, There is also a £367,500 joint and several guarantee given by the directors, Mr H A and Mrs B I Scott, over 8 Stoppard Road and 13A Victoria Street, Burnham-on-Sea.
£93,986 (2025 - £93,986) is due in respect of a landlord's loan. The loan is a 15 year loan, repayable in full on 22 September 2031, subject to a 10 year lease break clause. The interest is fixed at 7.5% per annum. This loan is secured on all fixtures and fittings of the cinema whether fixed or moveable.
Also £222,602 (2025 - £84,150) is included in respect of a loan from Funding Circle Eclipse Lending Limited. This loan is a 6 year loan that commenced on 12 December 2025, with a fixed interest rate of 7.80% per annum. Last year's loan was a 6 year loan that commenced on 25 October 2021, with a fixed interest rate of 9.40% per annum but this was refinanced on 12 December 2025, and amalgamated with the new loan.
Creditors include loans repayable by instalments of £387,134 (2025 - £0.00) due after more than five years.
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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2026 |
2025 |
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Not later than one year |
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Later than one year and not later than five years |
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Later than five years |
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S & B Cinemas Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
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Related party transactions |
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Transactions with directors |
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2026 |
At 1 April 2025 |
Advances to director |
Repayments by director |
At 31 March 2026 |
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Directors' loan |
( |
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( |
( |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
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Directors' loan |
( |
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( |
( |