REGISTERED NUMBER: 03043308 (England and Wales)

CREATIVE MEDIA CENTRES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Calvert

C J Duffill

D J Mcallister

D Amies

S J Lee-Richards

S J Wilkinson

SECRETARY:

V R O'Reilly

REGISTERED OFFICE:

The Media Centre

7 Northumberland Street

Huddersfield

West Yorkshire

HD1 1RL

REGISTERED NUMBER:

03043308 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

2,173,052

2,161,537

CURRENT ASSETS

Debtors

5

27,292

28,564

Cash at bank and in hand

148,629

170,305

175,921

198,869

CREDITORS

Amounts falling due within one year

6

(217,852

)

(232,574

)

NET CURRENT LIABILITIES

(41,931

)

(33,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,131,121

2,127,832

CREDITORS

Amounts falling due after more than one year

7

(304,314

)

(344,513

)

PROVISIONS FOR LIABILITIES

9

(9,652

)

(731

)

NET ASSETS

1,817,155

1,782,588

RESERVES

Deferred income - government grants

1,360,802

1,383,070

Income and expenditure account

456,353

399,518

1,817,155

1,782,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

D Amies - Director

1.	STATUTORY INFORMATION

Creative Media Centres Ltd is a private company, limited by guarantee , 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.

Turnover

The turnover shown in the accounts represents rent and other income receivable during the year, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Fixtures and fittings

-

20% straight line

Computer equipment

-

33% straight line

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, other loans and accruals, are initially recognised at transaction price.

Debt instruments are subsequently measured at amortised cost.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

2,458,656

476,146

2,934,802

Additions

-

55,602

55,602

At 31 March 2026

2,458,656

531,748

2,990,404

DEPRECIATION

At 1 April 2025

313,814

459,451

773,265

Charge for year

31,123

12,964

44,087

At 31 March 2026

344,937

472,415

817,352

NET BOOK VALUE

At 31 March 2026

2,113,719

59,333

2,173,052

At 31 March 2025

2,144,842

16,695

2,161,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

11,970

9,915

Other debtors

15,322

18,649

27,292

28,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

30,200

30,200

Trade creditors

13,419

8,240

Taxation and social security

31,585

29,764

Other creditors

142,648

164,370

217,852

232,574

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

168,514

198,714

Other creditors

135,800

145,799

304,314

344,513

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

47,714

77,914

Kirklees loan

95,800

105,799

143,514

183,713

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

198,714

228,914

Kirklees loan

145,800

155,800

IWOCA loan

-

31,595

344,514

416,309

Bank loans and other loans are secured against the assets of the company.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

9,652

731

Deferred

tax

£

Balance at 1 April 2025

731

Provided during year

8,921

Balance at 31 March 2026

9,652

10.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. Each member is liable to contribute to a sum not exceeding £1 in the event of winding up.