THE LIGHT CINEMAS LIMITED

• ⚠

  Material uncertainty over going concern

  Within the financial year the Company sold several sites to a fellow subsidiary which resulted in a profit of £6,087,950. Excluding the profit on disposal net profit for the year was £376,821. The business has benefited from temporary landlord arrangements. Should permanent agreements not be secured in 2026, this could give rise to uncertainty over the continued operation of a number of sites. The Company's ability to continue as a going concern may depend upon the on-going support of fellow subsidiaries within the Searchlight Ventures Group. It is the intention but not guaranteed for fellow subsidiaries to provide financial support for a period of at least twelve months from the date of approval of the financial statements. These events and conditions indicate that a material uncertainty exits that may cast significant doubt on the Company's ability to continue as a going concern.

1. THE LIGHT CINEMAS LIMITED 2007-09-21 → present
2. SF 2082 LIMITED 2007-09-04 → 2007-09-21

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

Standalone (parent only)

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Within the financial year the Company sold several sites to a fellow subsidiary which resulted in a profit of £6,087,950. Excluding the profit on disposal net profit for the year was £376,821. The business has benefited from temporary landlord arrangements. Should permanent agreements not be secured in 2026, this could give rise to uncertainty over the continued operation of a number of sites. The Company's ability to continue as a going concern may depend upon the on-going support of fellow subsidiaries within the Searchlight Ventures Group. It is the intention but not guaranteed for fellow subsidiaries to provide financial support for a period of at least twelve months from the date of approval of the financial statements. These events and conditions indicate that a material uncertainty exits that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “Searchlight Ventures Group Limited operates 18 entertainment venues across the UK, following the acquisition of All Star in May 2025. It was created as part of the Management Buy-out in October 2024 backed by Risk Capital Partners which resulted in all existing debt being repaid. The deal was also supported by Barclays Bank Plc, who provided a new growth capital facility to support the growth strategy.”
• “The company benefitted from a large gain on disposal of assets when the multi entertainment sites were sold to a fellow subsidiary.”
• “The company's financial statements are presented for a period shorter than one year, comprising 11 months to 3 July 2025. The financial period end was changed to align with the new ultimate holding entity, Searchlight Ventures Group Limited.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -58.3%

  £27,690,522 → £11,533,699

• Cash

  -67.2%

  £5,102,172 → £1,675,736

• Net assets

  +81.6%

  £8,306,412 → £15,083,582

• Employees

  -60.3%

  373 → 148

• Operating profit

  +80.9%

  £3,365,373 → £6,087,950

• Profit before tax

  +81%

  £3,363,323 → £6,087,950

• Wages

  -57.5%

  £5,645,357 → £2,401,620

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