Step 1: Assign coordinates to the particles.
Let the square have side
\[
a=\sqrt2\,\text{m}.
\]
Take particle \(S\) as the origin.
Then,
\[
S(0,0),\qquad
P(a,0),\qquad
Q(a,a),\qquad
R(0,a).
\]
The masses are
\[
m,\;m,\;m,\;2m
\]
at \(P,Q,R,S\) respectively.
Step 2: Find the coordinates of the centre of mass.
The total mass is
\[
M=5m.
\]
Hence,
\[
x_{CM}
=
\frac{m(a)+m(a)+m(0)+2m(0)}{5m}
=
\frac{2a}{5},
\]
and
\[
y_{CM}
=
\frac{m(0)+m(a)+m(a)+2m(0)}{5m}
=
\frac{2a}{5}.
\]
Thus,
\[
\boxed{
\left(\frac{2a}{5},\frac{2a}{5}\right)
}
\]
is the centre of mass.
Step 3: Find the distance from \(S\).
The required distance is
\[
d
=
\sqrt{\left(\frac{2a}{5}\right)^2+\left(\frac{2a}{5}\right)^2}
=
\frac{2a}{5}\sqrt2.
\]
Since
\[
a=\sqrt2,
\]
\[
d
=
\frac{2\sqrt2}{5}\times\sqrt2
=
\frac45
=
0.8\,\text{m}.
\]
Hence,
\[
\boxed{d=0.8\,\text{m}.}
\]
Therefore, the correct option is \(\boxed{(B)}\).