IRIS Accounts Production v23.4.0.336 SC094177 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0941772022-04-30SC0941772023-04-30SC0941772022-05-012023-04-30SC0941772021-04-30SC0941772021-05-012022-04-30SC0941772022-04-30SC094177ns16:Scotland2022-05-012023-04-30SC094177ns15:PoundSterling2022-05-012023-04-30SC094177ns11:Director12022-05-012023-04-30SC094177ns11:PrivateLimitedCompanyLtd2022-05-012023-04-30SC094177ns11:SmallEntities2022-05-012023-04-30SC094177ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-30SC094177ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30SC094177ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-30SC094177ns11:FullAccounts2022-05-012023-04-30SC094177ns11:Director22022-05-012023-04-30SC094177ns11:RegisteredOffice2022-05-012023-04-30SC094177ns6:CurrentFinancialInstruments2023-04-30SC094177ns6:CurrentFinancialInstruments2022-04-30SC094177ns6:ShareCapital2023-04-30SC094177ns6:ShareCapital2022-04-30SC094177ns6:CapitalRedemptionReserve2023-04-30SC094177ns6:CapitalRedemptionReserve2022-04-30SC094177ns6:FurtherSpecificReserve1ComponentTotalEquity2023-04-30SC094177ns6:FurtherSpecificReserve1ComponentTotalEquity2022-04-30SC094177ns6:RetainedEarningsAccumulatedLosses2023-04-30SC094177ns6:RetainedEarningsAccumulatedLosses2022-04-30SC094177ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-05-012023-04-30SC094177ns6:LongLeaseholdAssetsns6:LandBuildings2022-05-012023-04-30SC094177ns6:LeaseholdImprovements2022-05-012023-04-30SC094177ns6:PlantMachinery2022-05-012023-04-30SC094177ns6:FurnitureFittings2022-05-012023-04-30SC094177ns6:MotorVehicles2022-05-012023-04-30SC094177ns6:ComputerEquipment2022-05-012023-04-30SC094177ns6:LandBuildings2022-04-30SC094177ns6:LongLeaseholdAssetsns6:LandBuildings2022-04-30SC094177ns6:LeaseholdImprovements2022-04-30SC094177ns6:PlantMachinery2022-04-30SC094177ns6:LandBuildings2022-05-012023-04-30SC094177ns6:LandBuildings2023-04-30SC094177ns6:LongLeaseholdAssetsns6:LandBuildings2023-04-30SC094177ns6:LeaseholdImprovements2023-04-30SC094177ns6:PlantMachinery2023-04-30SC094177ns6:LandBuildings2022-04-30SC094177ns6:LongLeaseholdAssetsns6:LandBuildings2022-04-30SC094177ns6:LeaseholdImprovements2022-04-30SC094177ns6:PlantMachinery2022-04-30SC094177ns6:FurnitureFittings2022-04-30SC094177ns6:MotorVehicles2022-04-30SC094177ns6:ComputerEquipment2022-04-30SC094177ns6:FurnitureFittings2023-04-30SC094177ns6:MotorVehicles2023-04-30SC094177ns6:ComputerEquipment2023-04-30SC094177ns6:FurnitureFittings2022-04-30SC094177ns6:MotorVehicles2022-04-30SC094177ns6:ComputerEquipment2022-04-30SC094177ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-30SC094177ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-30
REGISTERED NUMBER: SC094177 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE HIGHLAND CINEMA LIMITED

THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HIGHLAND CINEMA LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: Mrs M S MacDonald
A F MacDonald





REGISTERED OFFICE: Roshven House
Lochailort
Near Fort William
Inverness-Shire
PH38 4NB





REGISTERED NUMBER: SC094177 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,586,832 4,734,279

CURRENT ASSETS
Stocks 24,033 18,784
Debtors 5 36,724 23,699
Cash at bank and in hand 27,340 241,465
88,097 283,948
CREDITORS
Amounts falling due within one year 6 4,545,517 4,840,623
NET CURRENT LIABILITIES (4,457,420 ) (4,556,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,412

177,604

CAPITAL AND RESERVES
Called up share capital 13,500 13,500
Capital redemption reserve 1,200 1,200
Other capital reserves 500,000 300,000
Retained earnings (385,288 ) (137,096 )
129,412 177,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)

BALANCE SHEET - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





A F MacDonald - Director


THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023

1. STATUTORY INFORMATION

The Highland Cinema Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

With regard to Going Concern, the directors have pledged to support the company and pay any liabilities as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Website costs - 33% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Website to Plant and
property costs property machinery
£    £    £    £   
COST
At 1 May 2022 4,663,751 5,140 384 202,218
Additions 8,830 - - 1,764
At 30 April 2023 4,672,581 5,140 384 203,982
DEPRECIATION
At 1 May 2022 185,800 3,409 116 80,339
Charge for year 93,352 1,713 38 40,796
At 30 April 2023 279,152 5,122 154 121,135
NET BOOK VALUE
At 30 April 2023 4,393,429 18 230 82,847
At 30 April 2022 4,477,951 1,731 268 121,879

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 146,062 25,640 19,615 5,062,810
Additions 2,339 - 3,037 15,970
At 30 April 2023 148,401 25,640 22,652 5,078,780
DEPRECIATION
At 1 May 2022 29,109 15,384 14,374 328,531
Charge for year 14,840 5,128 7,550 163,417
At 30 April 2023 43,949 20,512 21,924 491,948
NET BOOK VALUE
At 30 April 2023 104,452 5,128 728 4,586,832
At 30 April 2022 116,953 10,256 5,241 4,734,279

THE HIGHLAND CINEMA LIMITED (REGISTERED NUMBER: SC094177)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,224 2,963
Other debtors 22,500 20,736
36,724 23,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,976 12,347
Taxation and social security 34,054 16,589
Other creditors 4,483,487 4,811,687
4,545,517 4,840,623