Ilkley Cinema Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Ilkley Cinema Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09021577 . The registered office is High Austby House, Nesfield, Ilkley, West Yorkshire, LS29 0BJ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Leasehold	5% straight line
Plant & Machinery	25% straight line and 8% straight line
Fixtures & Fittings	5% straight line
Computer Equipment	20% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

2.5. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Ilkley Cinema Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2025: 17)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2025	916,758	172,541	193,089	7,445	1,289,833
Additions	-	8,243	5,149	1,459	14,851
Disposals	-	-	(481 )	-	(481 )

As at 30 April 2026	916,758	180,784	197,757	8,904	1,304,203

Depreciation
As at 1 May 2025	334,266	75,803	80,287	4,056	494,412
Provided during the period	45,838	13,306	9,742	1,500	70,386
Disposals	-	-	(277 )	-	(277 )

As at 30 April 2026	380,104	89,109	89,752	5,556	564,521

Net Book Value
As at 30 April 2026	536,654	91,675	108,005	3,348	739,682

As at 1 May 2025	582,492	96,738	112,802	3,389	795,421

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Ilkley Cinema Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Stocks

	2026	2025
	£	£
Stock	11,870	9,786

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	45,675	32,004
Due after more than one year
Other debtors	111,844	125,209

	157,519	157,213

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	41,206	33,900
Bank loans and overdrafts	13,299	19,114
Other loans	71,578	80,000
Other creditors	175,740	167,114
Taxation and social security	134,198	76,630

	436,021	376,758

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	40,265	54,003
Other loans	298,217	-

	338,482	54,003

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026	2025
	£	£
Bank loans	-	9,126
Other Creditors	39,606	-

9. Secured Creditors

Of the creditors the following amounts are secured by fixed and floating charges on the assets of the company.

	2026		2025
	£		£
Bank loans and overdrafts	40,414		47,049

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Ilkley Cinema Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10,000	10,000

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	23,500	23,500
Later than one year and not later than five years	64,625	88,125

	88,125	111,625

12. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,790 (2025 - £279) were due to the fund. They are included in Other Creditors.

13. Directors Advances, Credits and Guarantees

Included in creditors are marketplace loans totalling £344,795 net of unamortised arrangement fees at the Balance Sheet date. The loans are secured by personal guarantees. One loan is due to be repaid by 31 March 2032 and carries an effective rate of interest of 10.94% and the other is due to expire by 30 April 2031 and carries an effective rate of interst of 17.66%

14. Related Party Transactions

During the year there were loans to Wetherby Film Theatre Limited, a company which is jointly owned by the directors, who are also major shareholders of Ilkley Cinema Ltd. The loans at the beginning of the year amounted to £140,354 and at the end of the year to £126,065. Interest is being charged on the loans at rates of between 7.5% to 9% subject to annual review. The loans are being paid by monthly instalments and are due to be fully repaid by November 2033.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		739,682		795,421

			739,682		795,421
CURRENT ASSETS
Stocks	5	11,870		9,786
Debtors	6	157,519		157,213
Cash at bank and in hand		676,768		178,973

		846,157		345,972
Creditors: Amounts Falling Due Within One Year	7	(436,021 )		(376,758 )

NET CURRENT ASSETS (LIABILITIES)			410,136		(30,786 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,149,818		764,635

Creditors: Amounts Falling Due After More Than One Year	8		(338,482 )		(54,003 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(118,792 )		(126,459 )

NET ASSETS			692,544		584,173

CAPITAL AND RESERVES
Called up share capital	10		10,000		10,000
Share premium account			361,350		361,350
Profit and Loss Account			321,194		212,823

SHAREHOLDERS' FUNDS			692,544		584,173