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REGISTERED NUMBER: 08479228









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Newlyn Filmhouse Ltd

Newlyn Filmhouse Ltd (Registered number: 08479228)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newlyn Filmhouse Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Till
Miss S M Sinclair





REGISTERED OFFICE: 23 - 31 The Coombe
Newlyn
Penzance
Cornwall
TR18 5HS





REGISTERED NUMBER: 08479228






Newlyn Filmhouse Ltd (Registered number: 08479228)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 786,554 809,690

CURRENT ASSETS
Stocks 2,118 2,000
Debtors 5 7,451 4,752
Cash at bank and in hand 57,867 62,589
67,436 69,341
CREDITORS
Amounts falling due within one year 6 67,313 42,908
NET CURRENT ASSETS 123 26,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,677

836,123

CREDITORS
Amounts falling due after more than one year 7 (236,460 ) (362,174 )

PROVISIONS FOR LIABILITIES (125,727 ) (90,604 )
NET ASSETS 424,490 383,345

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 424,390 383,245
SHAREHOLDERS' FUNDS 424,490 383,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Newlyn Filmhouse Ltd (Registered number: 08479228)

Balance Sheet - continued
31 March 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





A J Till - Director


Newlyn Filmhouse Ltd (Registered number: 08479228)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Newlyn Filmhouse Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office 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.

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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Depreciation is charged when the asset becomes available for use in the manner intended.

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.

Newlyn Filmhouse Ltd (Registered number: 08479228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Grants
Revenue based grants are recognised in income over the periods in which the company recognises the related costs for which the grant is intended to compensate. Where grants are receivable as compensation for expenses already incurred or to provide immediate financial support with no future related costs grants will be recognised when they become receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 937,473 138,177 57,406 11,583 1,144,639
Additions - 1,445 - 834 2,279
Disposals - (297 ) (239 ) - (536 )
At 31 March 2024 937,473 139,325 57,167 12,417 1,146,382
DEPRECIATION
At 1 April 2023 149,845 122,922 51,166 11,016 334,949
Charge for year 18,750 4,088 1,527 886 25,251
Eliminated on disposal - (267 ) (105 ) - (372 )
At 31 March 2024 168,595 126,743 52,588 11,902 359,828
NET BOOK VALUE
At 31 March 2024 768,878 12,582 4,579 515 786,554
At 31 March 2023 787,628 15,255 6,240 567 809,690

The freehold property is owned by the directors and has been provided for use by the company. No rent has been charged in the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,403 865
Prepayments and accrued income 6,048 3,887
7,451 4,752

Newlyn Filmhouse Ltd (Registered number: 08479228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 27,351 10,010
Social security and other taxes 3,307 2,388
VAT 19,890 14,086
Deferred income 8,907 7,877
Pension Fund 547 418
Staff Welfare Fund 594 594
Accrued expenses 6,717 7,535
67,313 42,908

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts 236,460 362,174