Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30No description of principal activity2023-07-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04234334 2023-07-01 2024-06-30 04234334 2022-07-01 2023-06-30 04234334 2024-06-30 04234334 2023-06-30 04234334 c:Director1 2023-07-01 2024-06-30 04234334 d:FurnitureFittings 2023-07-01 2024-06-30 04234334 d:FurnitureFittings 2024-06-30 04234334 d:FurnitureFittings 2023-06-30 04234334 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04234334 d:OfficeEquipment 2023-07-01 2024-06-30 04234334 d:CurrentFinancialInstruments 2024-06-30 04234334 d:CurrentFinancialInstruments 2023-06-30 04234334 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04234334 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04234334 d:ShareCapital 2024-06-30 04234334 d:ShareCapital 2023-06-30 04234334 d:RetainedEarningsAccumulatedLosses 2024-06-30 04234334 d:RetainedEarningsAccumulatedLosses 2023-06-30 04234334 c:FRS102 2023-07-01 2024-06-30 04234334 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04234334 c:FullAccounts 2023-07-01 2024-06-30 04234334 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04234334 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04234334









ESSENTIAL CINEMA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ESSENTIAL CINEMA LIMITED
REGISTERED NUMBER: 04234334

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,386
2,652

  
2,386
2,652

Current assets
  

Debtors: amounts falling due within one year
 5 
275,315
242,587

Cash at bank and in hand
  
33,048
65,838

  
308,363
308,425

Creditors: amounts falling due within one year
 6 
(429,168)
(413,613)

Net current liabilities
  
 
 
(120,805)
 
 
(105,188)

  

Net liabilities
  
(118,419)
(102,536)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(118,423)
(102,540)

  
(118,419)
(102,536)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Juliet Dowling
Director

Date: 11 June 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
ESSENTIAL CINEMA LIMITED
REGISTERED NUMBER: 04234334
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
ESSENTIAL CINEMA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Essential Cinema Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The company's registered office is at 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company's balance sheet reflects an excess of liabilities over assets of £118,419 (2023: £102,536). In order to continue trading it is dependent on the funding it has received from the director, J S Dowling, who has confirmed her intention to continue to support the company for the foreseeable future.
As a result, the director believes that the company will have sufficient funds to settle all of its debts as they fall due for at least 12 months from signing the accounts and has therefore prepared these financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the aforementioned support.

  
2.3

Development costs

Production costs are held on the balance sheet as 'other debtors' while work on the project is being undertaken. The production costs are released to the profit and loss account, within cost of sales,  when the production has been completed or when it is recognised that no income will be received.

 
2.4

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.

Page 3

 
ESSENTIAL CINEMA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
on cost

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 profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors plus loans from third parties and related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ESSENTIAL CINEMA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 July 2023
8,489


Additions
1,166



At 30 June 2024

9,655



Depreciation


At 1 July 2023
5,837


Charge for the year on owned assets
1,432



At 30 June 2024

7,269



Net book value



At 30 June 2024
2,386



At 30 June 2023
2,652


5.


Debtors

2024
2023
£
£


Trade debtors
18,000
-

Other debtors
257,315
242,587

275,315
242,587



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
204,568
205,363

Accruals and deferred income
224,600
208,250

429,168
413,613


Page 5

 
ESSENTIAL CINEMA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Related party transactions

During the year, Juliet Dowling provided the company with interest free funding which is unsecured and repayable on demand. At the balance sheet date, the amount due to Juliet Dowling was £197,078 (2023: £198,138).

 
Page 6