THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED

• ⚠

  Material uncertainty over going concern

  The group generated a net deficit for the year of £34,404 which reduced the level of reserves accordingly. The matters explained in note 1 to the financial statements indicates the existence of a material uncertainty which may cast doubt over the group's ability to continue as a going concern.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The group generated a net deficit for the year of £34,404 which reduced the level of reserves accordingly. The matters explained in note 1 to the financial statements indicates the existence of a material uncertainty which may cast doubt over the group's ability to continue as a going concern.”

Group structure

1. THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED · parent
   1. Paternoster Limited 100% · England · Letting of managed workspace and operation of bar and café

Significant events

• “In October 2022 we installed safety scaffolding around the building following discovery of some loose faience brickwork (concrete tile cladding) which was potentially dangerous. The cost of installing the scaffold was £97,654. The annual cost of hiring the scaffolding is significant. In autumn of this year we needed to change our insurer and the cost of obtaining new cover with the current building condition proved challenging and added over £83,000 to our annual cost burden.”
• “This year we made our first claim for Museums and Galleries Tax Relief for the period September 2024 to March 2025.”
• “This year we entered the second of three years for 'Another Country', an ambitious audience development programme for which we received £160,000 per annum from the BFI's Audience Project Fund.”
• “Film Hub North was additionally awarded £100,000 from the BFI Places Fund to address local skills gaps and shortages in screen production. This pilot project began in August 2024 and continues until September 2025.”
• “A combination of grants from Sheffield City Council and the Foyle Foundation enabled the installation of 245 solar panels onto our roof which will reduce our overheads whilst reducing our carbon footprint.”
• “We also replaced one of our first generation DCP xenon cinema projectors with a new generation laser projector.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.1%

  £2,751,992 → £2,864,527

• Cash

  +27.2%

  £8,110 → £10,317

• Net assets

  -1.1%

  £3,117,936 → £3,083,532

• Employees

  +4.3%

  46 → 48

• Wages

  +7.1%

  £1,369,045 → £1,466,076

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers