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Company Registration No. 06929533 (England and Wales)
Cinemanx Distribution Limited Unaudited accounts for the period from 1 July 2023 to 31 March 2024
Cinemanx Distribution Limited Unaudited accounts Contents
Page
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Cinemanx Distribution Limited Company Information for the period from 1 July 2023 to 31 March 2024
Directors
S J Ingrassia KS Ellis
Company Number
06929533 (England and Wales)
Registered Office
CANNON PLACE 78 CANNON STREET LONDON EC4N 6AF ENGLAND
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Cinemanx Distribution Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
183,488 
113,543 
Cash at bank and in hand
113,440 
236,710 
296,928 
350,253 
Creditors: amounts falling due within one year
(403,253)
(422,641)
Net current liabilities
(106,325)
(72,388)
Net liabilities
(106,325)
(72,388)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(106,327)
(72,390)
Shareholders' funds
(106,325)
(72,388)
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 25 March 2025 and were signed on its behalf by
KS Ellis Director Company Registration No. 06929533
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Cinemanx Distribution Limited Notes to the Accounts for the period from 1 July 2023 to 31 March 2024
1
Statutory information
Cinemanx Distribution Limited is a private company, limited by shares, registered in England and Wales, registration number 06929533. The registered office is CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
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 period, and also have been consistently applied within the same accounts.
Going concern
Repayments of the amounts due from the Cinemanx Limited and its subsidiary entities (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 will not enforce repayment where to company has insufficient liquid assets to satisfy any demand for repayment, thus allowing the company to continue as a going concern.
Turnover
Turnover represents the amounts derived from royalties, stated net of value added tax.
Income and expenditure
Income and expenditure is recognised on an accruals basis.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 accumulated amortisation and any 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.
The company owns the UK distribution rights to receive royalties in the theatrical films that have been produced and filmed within the Cinemanx Group. The Cinemanx Group incorporates the parent company Cinemanx Limited and all of its subsidiaries. The company was also owns all of the rights, title, interest and benefits in the theatrical films "Take Down" and "The Christmas Candle".
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Cinemanx Distribution Limited Notes to the Accounts for the period from 1 July 2023 to 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
965 
4,291 
Trade debtors
1,026 
- 
Amounts due from group undertakings etc.
178,348 
67,531 
Accrued income and prepayments
3,149 
41,721 
183,488 
113,543 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,760 
22,489 
Other creditors
374,753 
374,753 
Accruals
25,740 
25,399 
403,253 
422,641 
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, an amount of GBP25,051 (2023: GBP37,426) was paid to Boston in their capacity as administrators of the company, an amount of GBP4,966 (2023: GBPnil) was accrued, an amount of GBP1,258 (2023: GBPnil) was prepaid and an amount of GBP8,490 (2023: GBPnil) was owed as at the reporting date. All services have been provided on an arm’s length basis at the standard commercial terms of Boston. During the period the company granted loan facilities of up to GBP100,000 to a number of its fellow subsidiaries (the "Cinemanx Group"). The loans are unsecured, interest free and repayable after service of written demand to the extent that there are sufficient liquid assets to satisfy any demands and only after the payment of all other liabilities.
8
Controlling party
As at the reporting date, the entire issued share capital of the company was held by Cinemanx Limited and is considered part of the Cinemanx Group. The ultimate beneficial owner is the Isle of Man Treasury, a department of the Isle of Man Government.
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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