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Registration number: 09272650

Golding Cinema Services Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Golding Cinema Services Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 5

 

Golding Cinema Services Ltd

Company Information

Director

G Golding

Registered office

28 Rocks Lane
London
SW18 0DB

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Golding Cinema Services Ltd

Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,101

1,208

Current assets

 

Debtors

5

23,518

22,432

Cash at bank and in hand

 

60,410

48,084

 

83,928

70,516

Creditors: Amounts falling due within one year

6

(21,411)

(17,182)

Net current assets

 

62,517

53,334

Net assets

 

63,618

54,542

Capital and reserves

 

Called up share capital

100

100

Retained earnings

63,518

54,442

Shareholders' funds

 

63,618

54,542

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the director on 7 May 2025
 

.........................................

G Golding

Director

Company registration number: 09272650

 

Golding Cinema Services Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Rocks Lane
London
SW18 0DB

The principal activity of the company is that of motion picture distribution and projection activities.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 October 2024 and had net assets at that date amounting to £63,618, including cash at bank of £60,410.

The director anticipates continued demand for the company's services, as the number of businesses served by the company grows.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the contractual services are supplied and the amount of revenue can be reliably recognised.

 

Golding Cinema Services Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

 

Golding Cinema Services Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

1,549

1,549

Additions

614

614

At 31 October 2024

2,163

2,163

Depreciation

At 1 November 2023

341

341

Charge for the year

721

721

At 31 October 2024

1,062

1,062

Carrying amount

At 31 October 2024

1,101

1,101

At 31 October 2023

1,208

1,208

5

Debtors

2024
£

2023
£

Other debtors

23,518

22,432

23,518

22,432

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

5,304

5,682

Other creditors

16,107

11,500

21,411

17,182

7

Transactions with directors

At 31 October 2024 an amount of £23,518 (2023: £22,431) was due to the company from a director. During the year advances of £36,501 and repayments of £35,875 were made. Interest of £461 (2022: £441) is payable to the company at 2.25% per annum and there are no set terms in place.