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Company Registration No. 06441843 (England and Wales)
Cinemanx Productions One Limited Unaudited accounts for the year ended 30 November 2023
Cinemanx Productions One Limited Unaudited accounts Contents
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Cinemanx Productions One Limited Company Information for the year ended 30 November 2023
Directors
S J Ingrassia RL Booth KS Ellis
Company Number
06441843 (England and Wales)
Registered Office
CANNON PLACE 78 CANNON STREET LONDON EC4N 6AF ENGLAND
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Cinemanx Productions One Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
671 
2 
Creditors: amounts falling due within one year
(9,433)
- 
Net current (liabilities)/assets
(8,762)
2 
Net (liabilities)/assets
(8,762)
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(8,764)
- 
Shareholders' funds
(8,762)
2 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
S J Ingrassia Director Company Registration No. 06441843
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Cinemanx Productions One Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Cinemanx Productions One Limited is a private company, limited by shares, registered in England and Wales, registration number 06441843. The registered office is CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6AF, ENGLAND.
2
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared in compliance with FRS102 Section A.
Going concern
Repayment of the amounts due from the Cinemanx Group to the Isle of Man Treasury will not be called for repayment until a full review of the financial position of the Cinemanx Group has been completed and the Isle of Man Treasury has confirmed that they will not enforce repayment where the company has insufficient liquid assets to satisfy, thus allowing the company to continue as a going concern.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other operating expenses.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Statement of cashflows
Under FRS102, the company is exempt from the requirement to prepare a statement of cash flows on the grounds that it qualifies as a small entity.
(i) The company holds the rights to the development and production of the theatrical feature film "Me and Orson Welles". The rights to the intangible asset are subject to a charge in favour of the parent company, Cinemanx Limited. (ii) The company holds the contractual rights to the theatrical feature film "Welcome to England" on behalf of Cinemanx Productions Five Limited ("CNX P5"). It is the intention of the directors that these rights will be reassigned to CNX P5.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
669 
- 
Other debtors
2 
2 
671 
2 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,012 
- 
Accruals
5,421 
- 
9,433 
- 
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Cinemanx Productions One Limited Notes to the Accounts for the year ended 30 November 2023
6
Contingent liabilities
Charges have been made against the film "Me and Orson Welles" in favour of the following party to secure their interests in the copyright and title to the film: Cinemanx Limited
7
Transactions with related parties
As at the reporting date, two of the directors of the company were also directors of Boston Limited (“Boston”). During the year, in their capacity as administrators of the company an amount of GBP5,421 was accrued, an amount of GBPnil was prepaid and an amount of GBP4,012 was owed at the reporting date. All services have been provided on an arm’s length basis at the standard commercial terms of Boston.
8
Controlling party
As at the reporting date, the entire issued share capital of the company was held by Cinemanx Films One Limited and is considered part of the Cinemanx Group. The ultimate beneficial owner is Cinemanx Limited. In December 2020 Cinemanx Limited was acquired by the Isle of Man Treasury, a department of the Isle of Man Government.
9
Post balance sheet events
Since the reporting date, a loan facility of up to GBP100,000 was provided by a fellow subsidiary, Cinemanx Distribution Limited. The loan is unsecured, interest free and repayable after service of written demand to the extent that there are sufficient liquid assets to satisfy and only after the payment of all other liabilities.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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