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REGISTERED NUMBER: 06251412 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WETHERBY FILM THEATRE LTD

WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,186 1,551
Tangible assets 5 620,938 658,200
622,124 659,751

CURRENT ASSETS
Stocks 4,320 4,600
Debtors 6 33,542 21,969
Cash at bank and in hand 2,187 3,659
40,049 30,228
CREDITORS
Amounts falling due within one year 7 131,457 133,727
NET CURRENT LIABILITIES (91,408 ) (103,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,716

556,252

CREDITORS
Amounts falling due after more than one
year

8

613,174

645,177
NET LIABILITIES (82,458 ) (88,925 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (82,558 ) (89,025 )
(82,458 ) (88,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

BALANCE SHEET - continued
30 JUNE 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





J Hewitt - Director


WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Wetherby Film Theatre Ltd 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: 06251412

Registered office: 39 Burras Lane
Otley
West Yorkshire
LS21 3HR

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

During the year ended 2023 the theatre was closed for refurbishment for a period of over four months. This resulted in a loss incurred before taxation due to the level of fixed overheads. The theatre re-opened in November 2022 and trade has returned to profitability in the year.

The directors are confident that going forward there will be sufficient working capital for the continuance of normal trading and therefore the accounts have been prepared on a going concern basis.

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

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - over life of lease or expected life
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Bank loans are measured at amortised cost using the effective interest rate.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,825
AMORTISATION
At 1 July 2023 274
Charge for year 365
At 30 June 2024 639
NET BOOK VALUE
At 30 June 2024 1,186
At 30 June 2023 1,551

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 387,135 353,533 18,292 2,472 761,432
Additions - 1,410 1,260 345 3,015
At 30 June 2024 387,135 354,943 19,552 2,817 764,447
DEPRECIATION
At 1 July 2023 11,362 83,621 7,765 484 103,232
Charge for year 11,233 27,067 1,075 902 40,277
At 30 June 2024 22,595 110,688 8,840 1,386 143,509
NET BOOK VALUE
At 30 June 2024 364,540 244,255 10,712 1,431 620,938
At 30 June 2023 375,773 269,912 10,527 1,988 658,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 27,011 16,438
Prepayments and accrued income 6,531 5,531
33,542 21,969

WETHERBY FILM THEATRE LTD (REGISTERED NUMBER: 06251412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,927 10,186
Other loans 47,654 52,772
Trade creditors 30,055 43,878
Social security and other taxes 7,331 5,962
VAT 9,381 7,786
Other creditors 1,012 679
Accruals and deferred income 24,097 12,464
131,457 133,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-5 years 14,812 22,602
Other loans - 1-5 years 203,988 243,588
Other loans more 5yrs instal 194,374 178,987
Other loans more 5yrs non-inst 200,000 200,000
613,174 645,177

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 200,000 200,000

Repayable by instalments
Other loans more 5yrs instal 194,374 178,987

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 8,000 8,000
Between one and five years 32,000 32,000
In more than five years 72,000 80,000
112,000 120,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr J Tate has personally guaranteed a loan of £200,000 made to the company. The balance outstanding at the year end is £200,000 (2023: £200,000).