Company registration number 04609698 (England and Wales)
KINEMA IN THE WOODS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KINEMA IN THE WOODS LTD
COMPANY INFORMATION
Director
P S Jones
Company number
04609698
Registered office
Kinema in the Woods
Coronation Road
Woodhall Spa
Lincoln
LN10 6QD
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
KINEMA IN THE WOODS LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 8
KINEMA IN THE WOODS LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF KINEMA IN THE WOODS LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kinema in the Woods Ltd for the year ended 31 December 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Kinema in the Woods Ltd, as a body, in accordance with the terms of our engagement letter dated 12 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Kinema in the Woods Ltd and state those matters that we have agreed to state to the board of directors of Kinema in the Woods Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinema in the Woods Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Kinema in the Woods Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kinema in the Woods Ltd. You consider that Kinema in the Woods Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kinema in the Woods Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
26 March 2025
KINEMA IN THE WOODS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,362,336
1,396,975
Current assets
Stocks
5
8,278
5,925
Debtors
6
25,681
23,195
Cash at bank and in hand
1,058,590
732,420
1,092,549
761,540
Creditors: amounts falling due within one year
7
(378,619)
(298,487)
Net current assets
713,930
463,053
Total assets less current liabilities
2,076,266
1,860,028
Provisions for liabilities
(90,728)
(98,418)
Net assets
1,985,538
1,761,610
Capital and reserves
Called up share capital
9
102
50
Capital redemption reserve
52
52
Profit and loss reserves
1,985,384
1,761,508
Total equity
1,985,538
1,761,610
KINEMA IN THE WOODS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
P S Jones
Director
Company registration number 04609698 (England and Wales)
KINEMA IN THE WOODS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Kinema in the Woods Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kinema in the Woods, Coronation Road, Woodhall Spa, Lincoln, LN10 6QD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets - goodwill

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.

 

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

KINEMA IN THE WOODS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

 

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

 

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a reducing balance basis.

 

Depreciation is provided on the following basis:

 

    Freehold property            -        0%        

    Office equipment            -        20%        reducing balance    

    Fixtures and fittings        -        15%        reducing balance     

    Plant and machinery        -        10%        on cost    

 

Depreciation has been provided at 0% on freehold property as in the opinion of the directors, their lives are long and residual values are such that depreciation is not material.

 

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

1.5
Stocks

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

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
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.

KINEMA IN THE WOODS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
24
22
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
28,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
28,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
4
Tangible fixed assets
Freehold property
Plant and equipment
Fixtures and fittings
Office equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
981,757
431,890
321,736
1,761
1,737,144
Additions
-
0
7,289
16,366
-
0
23,655
Disposals
-
0
-
0
(13,252)
-
0
(13,252)
At 31 December 2024
981,757
439,179
324,850
1,761
1,747,547
Depreciation and impairment
At 1 January 2024
-
0
137,137
201,625
1,407
340,169
Depreciation charged in the year
-
0
39,271
18,581
71
57,923
Eliminated in respect of disposals
-
0
-
0
(12,881)
-
0
(12,881)
At 31 December 2024
-
0
176,408
207,325
1,478
385,211
Carrying amount
At 31 December 2024
981,757
262,771
117,525
283
1,362,336
At 31 December 2023
981,757
294,753
120,111
354
1,396,975
KINEMA IN THE WOODS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Inventories
2024
2023
£
£
Stocks
8,278
5,925
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,359
14,209
Prepayments and accrued income
8,322
8,986
25,681
23,195
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
56,585
36,652
Corporation tax
106,873
83,268
Other taxation and social security
58,506
47,104
Other creditors
822
3,897
Accruals and deferred income
155,833
127,566
378,619
298,487
8
Deferred taxation
Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
90,728
98,418
2024
Movements in the year:
£
Liability at 1 January 2024
98,418
Credit to profit or loss
(7,690)
Liability at 31 December 2024
90,728

A deferred tax provision has arisen as a result of accelerated capital allowances.

 

KINEMA IN THE WOODS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
48
100
48
Ordinary B shares of £1 each
1
1
1
1
Ordinary C shares of £1 each
1
1
1
1
102
50
102
50
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