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REGISTERED NUMBER: 03255412 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CURZON COMMUNITY CINEMA LTD.

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURZON COMMUNITY CINEMA LTD.

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Ms T K Judah
Ms C M E Macmahon
Mr D J Sheridan
Mr D H Turner
Mr D P Cheesman
Ms K J Lee
Professor C V P Crofts
Mr N H Dyke





SECRETARY: Mr A Caddy





REGISTERED OFFICE: 46 Old Church Road
Clevedon
BS21 6NN





REGISTERED NUMBER: 03255412 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,775 5,104
Tangible assets 5 12,594 11,027
16,369 16,131

CURRENT ASSETS
Stocks 6,845 5,693
Debtors 6 8,980 12,082
Cash at bank and in hand 63,217 22,420
79,042 40,195
CREDITORS
Amounts falling due within one year 7 93,114 61,992
NET CURRENT LIABILITIES (14,072 ) (21,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,297

(5,666

)

PROVISIONS FOR LIABILITIES 2,970 2,878
NET LIABILITIES (673 ) (8,544 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (677 ) (8,548 )
(673 ) (8,544 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




Mr D P Cheesman - Director



Mr D J Sheridan - Director


CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Curzon Community Cinema 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.

Critical accounting 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.

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

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website - 25% reducing balance

If there is an indication that there has been a significant change in the amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
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.

Depreciation

Depreciation is calculated so as to write off the cos or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance

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 Statement of Income and Retained Earnings, 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.

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2023
and 31 December 2023 13,958
AMORTISATION
At 1 January 2023 8,854
Amortisation for year 1,329
At 31 December 2023 10,183
NET BOOK VALUE
At 31 December 2023 3,775
At 31 December 2022 5,104

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 61,318
Additions 5,961
At 31 December 2023 67,279
DEPRECIATION
At 1 January 2023 50,291
Charge for year 4,394
At 31 December 2023 54,685
NET BOOK VALUE
At 31 December 2023 12,594
At 31 December 2022 11,027

CURZON COMMUNITY CINEMA LTD. (REGISTERED NUMBER: 03255412)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,138 4,523
Other debtors 5,060 6,711
Prepayments and accrued income 782 848
8,980 12,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 156 156
Trade creditors 32,783 26,176
Amounts owed to group undertakings 7,350 11,183
Social security and other taxes 4,073 2,576
VAT 22,820 12,361
Other creditors 1 1
Accruals and deferred income 25,931 9,539
93,114 61,992

8. RELATED PARTY DISCLOSURES

The ultimate controlling party is Curzon Clevedon Community Centre for the Arts, a charitable company limited by guarantee that is registered in England and Wales (company number: 03238712). Curzon Clevedon Community Centre for the Arts is the parent company for Curzon Community Cinema Ltd and draws up consolidated financial statements for the group. The registered office of Curzon Clevedon Community Centre Ltd is 46 Old Church Road, Clevedon, BS21 6NN.

There were the following transactions with related parties:

During the year, rent of £nil (2022 - £24,000) was paid to Curzon Clevedon Community Centre for the Arts, its parent company, for the rent of the cinema.

The company donated £nil (2022 - £29,811) to Curzon Clevedon Community Centre for the Arts. This has been accounted for as a dividend following UK GAAP (FRS 102). The company will donate a further £nil within 9 months of the year end to obtain tax relief for its trading profits (2022 - £nil).

At the year end £7,350 (2022 - £11,183) was owed to Curzon Clevedon Community Centre for the Arts. The loan was interest free.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company of the Curzon Community Cinema Limited is Curzon Clevedon Community Centre for the Arts, a charitable company (company number: 03238712) incorporated in England and Wales.