Parkway Cinema Barnsley Limited 6254587 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of cinema proprietors Digita Accounts Production Advanced 6.30.9574.0 true 6254587 2023-04-01 2024-03-31 6254587 2024-03-31 6254587 bus:OrdinaryShareClass1 2024-03-31 6254587 core:RetainedEarningsAccumulatedLosses 2024-03-31 6254587 core:ShareCapital 2024-03-31 6254587 core:CurrentFinancialInstruments 2024-03-31 6254587 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 6254587 core:FurnitureFittingsToolsEquipment 2024-03-31 6254587 core:LandBuildings 2024-03-31 6254587 core:MotorVehicles 2024-03-31 6254587 core:OtherPropertyPlantEquipment 2024-03-31 6254587 bus:SmallEntities 2023-04-01 2024-03-31 6254587 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 6254587 bus:FullAccounts 2023-04-01 2024-03-31 6254587 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6254587 bus:RegisteredOffice 2023-04-01 2024-03-31 6254587 bus:Director2 2023-04-01 2024-03-31 6254587 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 6254587 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6254587 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 6254587 core:LandBuildings 2023-04-01 2024-03-31 6254587 core:LeaseholdImprovements 2023-04-01 2024-03-31 6254587 core:MotorVehicles 2023-04-01 2024-03-31 6254587 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 6254587 countries:England 2023-04-01 2024-03-31 6254587 2023-03-31 6254587 core:FurnitureFittingsToolsEquipment 2023-03-31 6254587 core:LandBuildings 2023-03-31 6254587 core:MotorVehicles 2023-03-31 6254587 core:OtherPropertyPlantEquipment 2023-03-31 6254587 2022-04-01 2023-03-31 6254587 2023-03-31 6254587 bus:OrdinaryShareClass1 2023-03-31 6254587 core:RetainedEarningsAccumulatedLosses 2023-03-31 6254587 core:ShareCapital 2023-03-31 6254587 core:CurrentFinancialInstruments 2023-03-31 6254587 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 6254587 core:FurnitureFittingsToolsEquipment 2023-03-31 6254587 core:LandBuildings 2023-03-31 6254587 core:MotorVehicles 2023-03-31 6254587 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 6254587

Parkway Cinema Barnsley Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Parkway Cinema Barnsley Limited

(Registration number: 6254587)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

193,786

202,365

Current assets

 

Stocks

8,372

8,244

Debtors

5

4,532

101,576

Cash at bank and in hand

 

32,037

59,853

 

44,941

169,673

Creditors: Amounts falling due within one year

6

(177,274)

(289,313)

Net current liabilities

 

(132,333)

(119,640)

Total assets less current liabilities

 

61,453

82,725

Provisions for liabilities

(2,419)

(7,523)

Net assets

 

59,034

75,202

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

58,934

75,102

Shareholders' funds

 

59,034

75,202

 

Parkway Cinema Barnsley Limited

(Registration number: 6254587)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2024 and signed on its behalf by:
 


Mr R A Younger
Director

   
 

Parkway Cinema Barnsley Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

Registration number: 6254587

The address of its registered office is:
Kings Road
Cleethorpes
North East Lincolnshire
DN35 0AQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Parkway Cinema Barnsley Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Land and buildings

2% per annum on cost

Furniture, fittings and equipment

15% per annum on written down value

Motor vehicles

25% per annum on written down value

Expenditure on leasehold property

4% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less a provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Parkway Cinema Barnsley Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 18 (2023 - 18).

 

Parkway Cinema Barnsley Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Expenditure on leasehold property
 £

Total
£

Cost or valuation

At 1 April 2023

154,030

122,771

5,000

19,509

301,310

Additions

-

2,188

-

-

2,188

At 31 March 2024

154,030

124,959

5,000

19,509

303,498

Depreciation

At 1 April 2023

1,370

84,105

1,250

12,220

98,945

Charge for the year

3,081

5,968

938

780

10,767

At 31 March 2024

4,451

90,073

2,188

13,000

109,712

Carrying amount

At 31 March 2024

149,579

34,886

2,812

6,509

193,786

At 31 March 2023

152,660

38,666

3,750

7,289

202,365

5

Debtors

2024
£

2023
£

Trade debtors

-

74,830

Other debtors

4,532

7,317

Social security and other taxes

-

19,429

4,532

101,576

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

7,378

107,425

Amounts due to related parties

150,000

150,000

Social security and other taxes

1,315

476

Other creditors

18,581

31,412

177,274

289,313

 

Parkway Cinema Barnsley Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100