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REGISTERED NUMBER: 09877457 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

Cineark Ltd

Cineark Ltd (Registered number: 09877457)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Cineark Ltd

Company Information
For The Year Ended 30 November 2023







Director: J Metcalfe





Registered office: Unit 6 Woodburn Industrial Park
Soho Crescent
High Wycombe
HP10 0PE





Registered number: 09877457 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
Suite 11, Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP

Cineark Ltd (Registered number: 09877457)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,926,761 2,908,037

Current assets
Debtors 5 592,763 513,254
Cash at bank 425,060 174,658
1,017,823 687,912
Creditors
Amounts falling due within one year 6 1,012,665 1,084,980
Net current assets/(liabilities) 5,158 (397,068 )
Total assets less current liabilities 2,931,919 2,510,969

Creditors
Amounts falling due after more than one
year

7

(262,202

)

(185,639

)

Provisions for liabilities 9 (505,171 ) (505,574 )
Net assets 2,164,546 1,819,756

Capital and reserves
Called up share capital 10 20,000 20,000
Retained earnings 2,144,546 1,799,756
Shareholders' funds 2,164,546 1,819,756

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 27 August 2024 and were signed by:





J Metcalfe - Director


Cineark Ltd (Registered number: 09877457)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. Statutory information

Cineark Ltd is a private company, limited by shares , registered in England and Wales. 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.

Going concern
The director has reviewed the financial situation of the company and feel it is appropriate to prepare the financial statements on the going concern basis. The director believes there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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.
Plant and machinery etc - 20% and 30% reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 37 (2022 - 27 ) .

Cineark Ltd (Registered number: 09877457)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2022 5,534,838
Additions 1,036,791
Disposals (36,603 )
At 30 November 2023 6,535,026
Depreciation
At 1 December 2022 2,626,801
Charge for year 999,710
Eliminated on disposal (18,246 )
At 30 November 2023 3,608,265
Net book value
At 30 November 2023 2,926,761
At 30 November 2022 2,908,037

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 343,268 243,316
Other debtors 249,495 269,938
592,763 513,254

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 71,429
Trade creditors 202,961 404,028
Taxation and social security 160,174 77,439
Other creditors 649,530 532,084
1,012,665 1,084,980

Finance lease obligations of £197,033 (2022: £144,6855), which are included in other creditors, are secured on the underlying assets.

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 262,202 185,639

Finance lease obligations of £262,202 (2022: £155,877), which are included in other creditors, are secured on the underlying assets.

Cineark Ltd (Registered number: 09877457)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 140,344 146,917
Between one and five years 561,376 561,376
In more than five years 439,433 579,777
1,141,153 1,288,070

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 505,570 505,878
Other timing differences (399 ) (304 )
505,171 505,574

Deferred
tax
£   
Balance at 1 December 2022 505,574
Credit to Income statement during year (403 )
Balance at 30 November 2023 505,171

10. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
12,000 Ordinary A shares £1 12,000 12,000
8,000 Ordinary B shares £1 8,000 8,000
20,000 20,000

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J Metcalfe
Balance outstanding at start of year 5,000 -
Amounts advanced - 5,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,000