Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr Simon Ferguson 22/03/2010 Mr Gregg Houston 22/03/2010 01 August 2025 The principal activity of the Company during the financial year continued to be that of video production. SC375262 2025-03-31 SC375262 bus:Director1 2025-03-31 SC375262 bus:Director2 2025-03-31 SC375262 2024-03-31 SC375262 core:CurrentFinancialInstruments 2025-03-31 SC375262 core:CurrentFinancialInstruments 2024-03-31 SC375262 core:ShareCapital 2025-03-31 SC375262 core:ShareCapital 2024-03-31 SC375262 core:SharePremium 2025-03-31 SC375262 core:SharePremium 2024-03-31 SC375262 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC375262 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC375262 core:PlantMachinery 2024-03-31 SC375262 core:PlantMachinery 2025-03-31 SC375262 bus:OrdinaryShareClass1 2025-03-31 SC375262 2024-04-01 2025-03-31 SC375262 bus:FilletedAccounts 2024-04-01 2025-03-31 SC375262 bus:SmallEntities 2024-04-01 2025-03-31 SC375262 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC375262 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC375262 bus:Director1 2024-04-01 2025-03-31 SC375262 bus:Director2 2024-04-01 2025-03-31 SC375262 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 SC375262 2023-04-01 2024-03-31 SC375262 core:PlantMachinery 2024-04-01 2025-03-31 SC375262 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC375262 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC375262 1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC375262 (Scotland)

CINEMATE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

CINEMATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

CINEMATE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
CINEMATE LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 13,552 18,404
13,552 18,404
Current assets
Stocks 4 2,943 903
Debtors 5 56,118 41,220
Cash at bank and in hand 18,173 27,903
77,234 70,026
Creditors: amounts falling due within one year 6 ( 114,381) ( 96,206)
Net current liabilities (37,147) (26,180)
Total assets less current liabilities (23,595) (7,776)
Net liabilities ( 23,595) ( 7,776)
Capital and reserves
Called-up share capital 7 500 500
Share premium account 54,600 54,600
Profit and loss account ( 78,695 ) ( 62,876 )
Total shareholders' deficit ( 23,595) ( 7,776)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cinemate Limited (registered number: SC375262) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Mr Gregg Houston
Director
CINEMATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
CINEMATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cinemate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Studio 4-3 The Pentagon Centre, 36 Washington Street, Glasgow, G3 8AZ, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £23,595. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for video production services provided in the normal course of business.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2024 71,453 71,453
Additions 8,659 8,659
Disposals ( 5,998) ( 5,998)
At 31 March 2025 74,114 74,114
Accumulated depreciation
At 01 April 2024 53,049 53,049
Charge for the financial year 13,261 13,261
Disposals ( 5,748) ( 5,748)
At 31 March 2025 60,562 60,562
Net book value
At 31 March 2025 13,552 13,552
At 31 March 2024 18,404 18,404

4. Stocks

2025 2024
£ £
Stocks 2,943 903

5. Debtors

2025 2024
£ £
Trade debtors 52,202 39,966
Other debtors 3,916 1,254
56,118 41,220

6. Creditors: amounts falling due within one year

2025 2024
£ £
Other taxation and social security 0 1,104
Other creditors 114,381 95,102
114,381 96,206

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
500 Ordinary shares of £ 1.00 each 500 500

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts due to key management personnel 34,172 37,076

This loan is interest free and has no fixed repayment terms.

9. Ultimate controlling party

The directors consider at the balance sheet date that the Cruickshank Trust for Lucinda had a significant control over the company by virtue of majority shareholding.