Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 04369010 Mr James Hannaway Mrs Alice Harrap iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04369010 2023-02-28 04369010 2024-02-29 04369010 2023-03-01 2024-02-29 04369010 frs-core:CurrentFinancialInstruments 2024-02-29 04369010 frs-core:ComputerEquipment 2024-02-29 04369010 frs-core:ComputerEquipment 2023-03-01 2024-02-29 04369010 frs-core:ComputerEquipment 2023-02-28 04369010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 04369010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04369010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 04369010 frs-core:MotorVehicles 2024-02-29 04369010 frs-core:MotorVehicles 2023-03-01 2024-02-29 04369010 frs-core:MotorVehicles 2023-02-28 04369010 frs-core:PlantMachinery 2024-02-29 04369010 frs-core:PlantMachinery 2023-03-01 2024-02-29 04369010 frs-core:PlantMachinery 2023-02-28 04369010 frs-core:ShareCapital 2024-02-29 04369010 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04369010 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04369010 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04369010 frs-bus:SmallEntities 2023-03-01 2024-02-29 04369010 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04369010 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04369010 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 04369010 frs-bus:OrdinaryShareClass1 2024-02-29 04369010 frs-bus:Director1 2023-03-01 2024-02-29 04369010 frs-bus:Director1 2023-02-28 04369010 frs-bus:Director1 2024-02-29 04369010 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 04369010 frs-countries:EnglandWales 2023-03-01 2024-02-29 04369010 2022-02-28 04369010 2023-02-28 04369010 2022-03-01 2023-02-28 04369010 frs-core:CurrentFinancialInstruments 2023-02-28 04369010 frs-core:ShareCapital 2023-02-28 04369010 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 04369010 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 04369010
The Rex Cinema Berkhamsted Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04369010
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,209 48,583
54,209 48,583
CURRENT ASSETS
Stocks 5 5,750 6,500
Debtors 6 134,968 85,099
Investments 7 27,500 27,500
Cash at bank and in hand 349,720 461,862
517,938 580,961
Creditors: Amounts Falling Due Within One Year 8 (300,901 ) (368,324 )
NET CURRENT ASSETS (LIABILITIES) 217,037 212,637
TOTAL ASSETS LESS CURRENT LIABILITIES 271,246 261,220
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (8,080 ) (3,330 )
NET ASSETS 263,166 257,890
CAPITAL AND RESERVES
Called up share capital 11 1 1
Income Statement 263,165 257,889
SHAREHOLDERS' FUNDS 263,166 257,890
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr James Hannaway
Director
7 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Rex Cinema Berkhamsted Limited is a private company, limited by shares. It is incorporated in England & Wales, under a registered number of 04369010 . The registered office is The Rex Cinema Berkhamsted Ltd, High Street Three Close Lane, Berkhamsted, Hertfordshire, HP4 2FG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. Accordingly, the financial statements are prepared on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes, and includes revenue earned from the sale of goods and from the rendering of services. 
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer, which is ordinarily at the date of receipt.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the service. In the case of film screenings, turnover is recognised on the date of screening. Turnover from Advance Booking Lists is recognised by reference to the underlying term.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Property 4% straight line
Plant & Machinery 20% straight line
Motor Vehicles 33% straight line
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
2.7. Financial Instruments
Basic financial instruments are recognised at amortised cost using the effective interest method.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in the income statement, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors, during the year was 44 (2023: 42)
44 42
4. Tangible Assets
Land & Property
Leasehold Property Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 118,144 465,078 2,200 44,601 630,023
Additions - 16,693 - 960 17,653
As at 29 February 2024 118,144 481,771 2,200 45,561 647,676
Depreciation
As at 1 March 2023 90,364 444,413 2,200 44,463 581,440
Provided during the period 4,726 7,003 - 298 12,027
As at 29 February 2024 95,090 451,416 2,200 44,761 593,467
Net Book Value
As at 29 February 2024 23,054 30,355 - 800 54,209
As at 1 March 2023 27,780 20,665 - 138 48,583
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5. Stocks
2024 2023
£ £
Materials 5,750 6,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,487 4,099
Other debtors 117,481 81,000
134,968 85,099
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 27,500 27,500
27,500 27,500
The above-noted unlisted investments are stated at cost less impairment, as their fair values cannot be measured reliably.
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,377 25,060
Other creditors 223,155 270,696
Taxation and social security 53,369 72,568
300,901 368,324
9. Secured Creditors
Of the creditors the following amounts are secured by way of a fixed and floating charge:
2024 2023
£ £
Other Creditors 3,000 3,000
Accruals and deferred income 8,333 34,073
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 8,080 3,330
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date no unpaid contributions (2023: £1,203) were due to the fund.
13. Directors Advances, Credits and Guarantees
Included within Debtors is the following loan to the company's director:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr James Hannaway - 51,676 - - 51,676
The above-noted loan to the director was repaid after the reporting date. While outstanding, the loan was subject to interest charges at 2.25% and was unsecured and repayable on demand.
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