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Company Registration No. 07520754 (England and Wales)
Cinemanx Productions Five Ltd Unaudited accounts for the period from 1 March 2024 to 31 March 2024
Cinemanx Productions Five Ltd Unaudited accounts Contents
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Cinemanx Productions Five Ltd Company Information for the period from 1 March 2024 to 31 March 2024
Directors
S J Ingrassia KS Ellis
Company Number
07520754 (England and Wales)
Registered Office
CANNON PLACE 78 CANNON STREET LONDON EC4N 6AF ENGLAND
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Cinemanx Productions Five Ltd Statement of financial position as at 31 March 2024
31/03/2024 
29/02/2024 
Notes
£ 
£ 
Current assets
Debtors
3,071 
3,323 
Cash at bank and in hand
1,682 
2,517 
4,753 
5,840 
Creditors: amounts falling due within one year
(38,048)
(31,850)
Net current liabilities
(33,295)
(26,010)
Net liabilities
(33,295)
(26,010)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(33,297)
(26,012)
Shareholders' funds
(33,295)
(26,010)
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 21 March 2025 and were signed on its behalf by
KS Ellis Director Company Registration No. 07520754
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Cinemanx Productions Five Ltd Notes to the Accounts for the period from 1 March 2024 to 31 March 2024
1
Statutory information
Cinemanx Productions Five Ltd is a private company, limited by shares, registered in England and Wales, registration number 07520754. 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.
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
Income and expenditure
Income and expenditure is recognised on an accruals basis.
Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand.
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.
The company holds the rights to the development and production of the theatrical feature film "Welcome to England". The project is currently not an active development, however, could be resurrected in the future.
5
Debtors
31/03/2024 
29/02/2024 
£ 
£ 
Amounts falling due within one year
VAT
971 
954 
Accrued income and prepayments
2,100 
2,367 
Other debtors
- 
2 
3,071 
3,323 
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Cinemanx Productions Five Ltd Notes to the Accounts for the period from 1 March 2024 to 31 March 2024
6
Creditors: amounts falling due within one year
31/03/2024 
29/02/2024 
£ 
£ 
Trade creditors
4,038 
- 
Amounts owed to group undertakings and other participating interests
25,609 
25,609 
Accruals
8,401 
6,241 
38,048 
31,850 
(i) The loan payable of GBP19,857 to a fellow subsidiary, Cinemanx Distribution Limited. The loan is unsecured, interest free and repayable after service of written demand by the lender to the extent that the company has sufficient liquid assets to satisfy and only after the payment of all other liabilities. (ii) The loan payable of GBP5,752 to the shareholder. The loan is informal with no formal loan agreement in place, as such, the loan has been treated as unsecured, interest free and repayable on demand.
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 period, an amount of GBP1,800 (29 February 2024: GBP16,500) was paid to Boston in their capacity as administrators of the company, an amount of GBP8,401 (29 February 2024: GBP6,242) was accrued, an amount of GBP2,100 (29 February 2024: GBP2,367) was prepaid and an amount of GBPnil (29 February 2024: 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.
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. In December 2020 Cinemanx Limited was acquired by 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 (29/02/2024: 0).
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