ACCOUNTS - Final Accounts preparation

Capital commitments

At 31 March 2026 the Company had capital commitments as follows:

Registered number: 11001779

THE BOX OFFICE NEW INN BROADWAY LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

THE BOX OFFICE NEW INN BROADWAY LIMITED

Company Information

Directors	J D Cracknell
	P A Klaber
	L Hene
	Viscount Mackintosh of Halifax
	J B K Roditi
	A R Gabriele
	S V R Langridge


Company registered number	11001779


Registered office	2nd Floor
	2 Back Lane
	London
	NW3 1HL


Independent auditor	Sayers Butterworth LLP
	Chartered accountants and statutory auditor
	3rd Floor
	12 Gough Square
	London
	EC4A 3DW


Bankers	Royal Bank of Scotland
	Western Avenue
	Waterside Court
	Chatham Maritime
	Kent
	ME4 4RT

THE BOX OFFICE NEW INN BROADWAY LIMITED

Registered number: 11001779

Balance sheet

As at 31 March 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	5		117,157		166,598
Investment property	6		7,796,003		7,775,000
			7,913,160		7,941,598
Current assets
Debtors: amounts falling due within one year	7	192,722		317,404
Cash at bank and in hand		135,531		109,312
		328,253		426,716
Creditors: amounts falling due within one year	8	(2,134,125)		(2,159,719)
Net current liabilities			(1,805,872)		(1,733,003)
Total assets less current liabilities			6,107,288		6,208,595
Creditors: amounts falling due after more than one year	9		(136,392)		(38,468)

Net assets			5,970,896		6,170,127

Capital and reserves
Called up share capital	10	15,262,347	15,262,347
Profit and loss account		(9,291,451)	(9,092,220)
		5,970,896	6,170,127

Page 1

THE BOX OFFICE NEW INN BROADWAY LIMITED

Registered number: 11001779

Balance sheet (continued)

As at 31 March 2026

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2026.

Viscount Mackintosh of Halifax

Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

1.	General information

The Box Office New Inn Broadway Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The registered office address is 2nd Floor, 2 Back Lane, London, NW3 1HL.

The principal activity of the company during the year was the letting and managing of exhibition space and commercial units at 4-6 New Inn Broadway, London.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

After making the necessary enquiries, the directors have a reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future. On this basis, the company continues to adopt the going concern basis in preparing the financial statements.

2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover respresents rental income and service charges receivable.

Lease incentives given are recognised as a reduction of rental income on a straight line basis over the life of the lease.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings	-	4 years straight line
Office equipment	-	4 years straight line
Computer equipment	-	4 years straight line
Other fixed assets	-	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually and derived from the current market values. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. The estimates and associated assumptions are based on historical experience and other factors that are relevant.

The following judgements have had the most significant effect on the amounts recognised in the financial statements:

Investment property
The Investment property is valued annually on an open market for existing use basis. The Directors are required to employ judgement in estimating the value of the investment property and assessing any impairment provisions which may be required and seek the guidance of external valuers where necessary.

4.	Employees
	The average monthly number of employees, including the directors, during the year was 8 (2025: 8).

Page 6

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

5.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Computer equipment	Other fixed assets	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	240,067	1,503	12,610	939	255,119
Additions	5,047	616	-	-	5,663
At 31 March 2026	245,114	2,119	12,610	939	260,782
Depreciation
At 1 April 2025	73,469	1,503	12,610	939	88,521
Charge for the year on owned assets	55,040	64	-	-	55,104
At 31 March 2026	128,509	1,567	12,610	939	143,625
Net book value
At 31 March 2026	116,605	552	-	-	117,157
At 31 March 2025	166,598	-	-	-	166,598

Page 7

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

6.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2025	7,775,000
	Additions at cost	21,003
	At 31 March 2026	7,796,003

The investment property was valued by a third party surveyor as at 31 March 2026.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2026	2025
	£	£

	Historic cost	15,057,694	15,036,691
		15,057,694	15,036,691

Page 8

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

Debtors

					2026	2025
					£	£


Trade debtors	65,998	-
Other debtors	64,126	110,404
Prepayments and accrued income	62,598	207,000
	192,722	317,404

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	89,808	280,814
Amounts owed to group undertakings	1,960,000	1,827,000
Other taxation and social security	5,473	593
Other creditors	1,410	833
Accruals and deferred income	77,434	50,479
	2,134,125	2,159,719

9.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Other creditors	136,392	38,468
	136,392	38,468

10.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

15,262,347 (2025 - 15,262,347) Ordinary shares of £1.00 each	15,262,347	15,262,347

Page 9

THE BOX OFFICE NEW INN BROADWAY LIMITED

Notes to the financial statements

For the Year Ended 31 March 2026

	Contracted for but not provided in these financial statements	-	21,003
		-	21,003

12.

Related party transactions

During the year the company paid service charges amounting to £122,297 (2025: £173,892) and incurred expenses to recharge amounting to £22,984 (2025: £47,147) to The Box Office New Inn Broadway Service Charge Trust, a trust under common control. The balance outstanding at the year end to the company was £21,551 (2025: £30,348).

The company has adopted the exemption permitted by paragraph 33.1A of FRS102 and has not disclosed transactions with other group members.

13.	Controlling party

The parent company of the smallest group of which The Box Office New Inn Broadway Limited is a member is Belvedere Trust, whose registered office address is 2nd Floor, 2 Back Lane, London, NW3 1HL.

14.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 15 October 2026 by Hannah Clegg (Senior statutory auditor) on behalf of Sayers Butterworth LLP.

Page 10