Company Registration No. 07034048 (England and Wales)
Cinemanx Productions Three Limited
Unaudited accounts
for the year ended 31 March 2025
Cinemanx Productions Three Limited
Unaudited accounts
Contents
Cinemanx Productions Three Limited
Company Information
for the year ended 31 March 2025
Directors
S J Ingrassia
K S Ellis
Company Number
07034048 (England and Wales)
Registered Office
CANNON PLACE
78 CANNON STREET
LONDON
EC4N 6AF
ENGLAND
Cinemanx Productions Three Limited
Statement of financial position
as at 31 March 2025
Creditors: amounts falling due within one year
(33,277)
(19,041)
Net current liabilities
(26,297)
(15,069)
Net liabilities
(26,297)
(15,069)
Called up share capital
2
2
Profit and loss account
(26,299)
(15,071)
Shareholders' funds
(26,297)
(15,069)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by
S J Ingrassia
Director
Company Registration No. 07034048
Cinemanx Productions Three Limited
Notes to the Accounts
for the year ended 31 March 2025
Cinemanx Productions Three Limited is a private company, limited by shares, registered in England and Wales, registration number 07034048. The registered office is CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The comparative figures are for the period from 29 March 2023 to 31 March 2024.
Repayment of the amounts due from Cinemanx Limited and its subsidiary entities (the "Cinemanx Group") to The Isle of Man Treasury will not be called for repayment until a full review of the financial position of the Cinemanx Group has been completed and the Isle of Man Treasury has confirmed that they will not enforce repayment where the company has insufficient liquid assets to satisfy any demand for repayment, thus allowing the company to continue as a going concern.
Expenditure is recognised on an accruals basis.
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
The company holds the rights to the development and production of the film "Albatross". The rights to the intangible asset are subject to a charge in favour of the parent company, Cinemanx Limited.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.
Under FRS 102, the company is exempt from the requirement to prepare a statement of cash flows on the grounds that it qualifies as a small entity.
Charges have been registered over the future copyright of the film "Albatross" in favour of the following parties to secure the debt and other obligations of Cinemanx Films Three Limited, its immediate parent, and the Company, in respect of outstanding debts.
Cinemanx Limited
Cinemanx Productions Three Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Transactions with related parties
As at the reporting date, two of the directors of the company were also directors of Boston Limited (“Boston”). During the year, an amount of GBP6,628 (2024: GBP9,640) was paid to Boston in their capacity as administrators of the company, an amount of GBP5,690 (2024: GBP8,200) was accrued, an amount of GBP2,390 (2024: GBP2,167) was prepaid and an amount of GBP11,319 (2024: GBP1,200) was owed as at the reporting date. All services have been provided on an arm’s length basis at the standard commercial terms of Boston.
The company has a loan facility of up to GBP100,000 provided by a fellow subsidiary, Cinemanx Distribution Limited. The loan is unsecured, interest free and repayable after service of written demand by the lender to the extent that the company has sufficient liquid assets to satisfy the demand, and only after the payment of all other liabilities.
As at the reporting date, the entire issued share capital of the company was held by Cinemanx Films Three Limited. The ultimate beneficial owner is Cinemanx Limited. In December 2020 Cinemanx Limited was acquired by the Isle of Man Treasury, a department of the Isle of Man Government.
7
Post balance sheet events
Since the reporting date, the Isle of Man Treasury has provided funding to the Company in order to cover its expenses. There is no formal loan agreement in place, however, the loan is to be treated as unsecured, interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).