REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30 November 2024 |
for |
Cineark Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30 November 2024 |
for |
Cineark Ltd |
Cineark Ltd (Registered number: 09877457) |
Contents of the Financial Statements |
For The Year Ended 30 November 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 |
Cineark Ltd |
Company Information |
For The Year Ended 30 November 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Certified Accountants |
The Vineyards |
Knox Lane, Bardwell |
Bury St Edmunds |
Suffolk |
IP31 1AX |
Cineark Ltd (Registered number: 09877457) |
Balance Sheet |
30 November 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | 10 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Retained earnings |
Shareholders' funds |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
Cineark Ltd (Registered number: 09877457) |
Notes to the Financial Statements |
For The Year Ended 30 November 2024 |
1. | Statutory information |
Cineark Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The director has reviewed the financial situation of the company and feel it is appropriate to prepare the financial statements on the going concern basis. The director believes there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-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. |
3. | Employees and directors |
The average number of employees during the year was |
Cineark Ltd (Registered number: 09877457) |
Notes to the Financial Statements - continued |
For The Year Ended 30 November 2024 |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 December 2023 |
Additions |
Disposals | ( |
) |
At 30 November 2024 |
Depreciation |
At 1 December 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 November 2024 |
Net book value |
At 30 November 2024 |
At 30 November 2023 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 30 November 2024 |
Net book value |
At 30 November 2024 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Finance lease obligations of £152,436 (2023: £197,033), which are included in other creditors, are secured on the underlying assets. |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other creditors |
Cineark Ltd (Registered number: 09877457) |
Notes to the Financial Statements - continued |
For The Year Ended 30 November 2024 |
8. | Creditors: amounts falling due after more than one year - continued |
Finance lease obligations of £109,766 (2023: £262,202), which are included in other creditors, are secured on the underlying assets. |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
10. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Other timing differences | (528 | ) | (399 | ) |
464,575 | 505,171 |
Deferred |
tax |
£ |
Balance at 1 December 2023 |
Credit to Income statement during year | ( |
) |
Balance at 30 November 2024 |
11. | Called up share capital |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A shares | £1 | 12,000 | 12,000 |
Ordinary B shares | £1 | 8,000 | 8,000 |
20,000 | 20,000 |
12. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |