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REGISTERED NUMBER: 07025126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023

FOR

RSJ CINEMAS LIMITED

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 107,326 119,570
107,326 119,570

CURRENT ASSETS
Inventories 5,026 6,932
Debtors 7 19,997 7,722
Cash at bank and in hand 357,754 324,797
382,777 339,451
CREDITORS
Amounts falling due within one year 8 (251,127 ) (126,918 )
NET CURRENT ASSETS 131,650 212,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,976

332,103

CREDITORS
Amounts falling due after more than one
year

9

(21,687

)

(28,752

)

PROVISIONS FOR LIABILITIES (18,985 ) (21,048 )
NET ASSETS 198,304 282,303

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 198,294 282,293
198,304 282,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 director and authorised for issue on 15 August 2024 and were signed by:





R S Johnson - Director


RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


1. STATUTORY INFORMATION

RSJ Cinemas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07025126

Registered office: 53 St Mildreds Road
Westgate-on-Sea
Kent
CT8 8RJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


3. ACCOUNTING POLICIES - continued

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

GOODWILL
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the valuation or cost less estimated residual value of each asset over its estimated useful life.
Short leasehold property- 15% on reducing balance
Improvements to leasehold property- 15% on reducing balance
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Computer equipment- 15% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

STOCKS
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

CORPORATION TAX
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


3. ACCOUNTING POLICIES - continued

IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets of groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 August 2023 20,899
AMORTISATION
At 1 October 2022
and 31 August 2023 20,899
NET BOOK VALUE
At 31 August 2023 -
At 30 September 2022 -

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


6. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 October 2022 2,822 56,215 243,546
Additions - - 4,600
At 31 August 2023 2,822 56,215 248,146
DEPRECIATION
At 1 October 2022 2,481 41,564 161,039
Charge for period 47 2,015 11,748
At 31 August 2023 2,528 43,579 172,787
NET BOOK VALUE
At 31 August 2023 294 12,636 75,359
At 30 September 2022 341 14,651 82,507

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 75,360 4,402 382,345
Additions - - 4,600
At 31 August 2023 75,360 4,402 386,945
DEPRECIATION
At 1 October 2022 55,457 2,234 262,775
Charge for period 2,736 298 16,844
At 31 August 2023 58,193 2,532 279,619
NET BOOK VALUE
At 31 August 2023 17,167 1,870 107,326
At 30 September 2022 19,903 2,168 119,570

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.9.22
£    £   
Trade debtors 1,067 280
Film Company Bonds 5,358 5,358
Other debtors 11,509 339
Tax 1,604 1,604
Prepayments 459 141
19,997 7,722

RSJ CINEMAS LIMITED (REGISTERED NUMBER: 07025126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.9.22
£    £   
Bank loans and overdrafts 10,655 10,413
Trade creditors 35,951 32,649
Tax 13,005 14,168
CT61 Tax 1,252 1,293
Social security and other taxes 2,440 1,251
VAT 13,499 9,192
Directors' current accounts 156,083 49,485
Accrued expenses 18,242 8,467
251,127 126,918

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 30.9.22
£    £   
Bank loans - 1-2 years 11,274 10,677
Bank loans - 2-5 years 10,413 18,075
21,687 28,752

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £156,083 to the directors (2022 £49,486). All other transactions undertaken with the directors are deemed to be conducted under normal market conditions and / or are not material.

11. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.