Ashford Cinema Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15473154 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

FOR

ASHFORD CINEMA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Fox

S Meyer

M Pecci

SECRETARY:

E L Joyce

REGISTERED OFFICE:

Ashford Borough Council

International House

Dover Place

Ashford

Kent

TN23 1HU

REGISTERED NUMBER:

15473154 (England and Wales)

AUDITORS:

Cassidys Chartered Accountants

And Registered Auditors

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

13,144

CURRENT ASSETS

Stocks

15,950

Debtors

5

93,454

Cash at bank and in hand

163,112

272,516

CREDITORS

Amounts falling due within one year

6

185,659

NET CURRENT ASSETS

86,857

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,001

CREDITORS

Amounts falling due after more than one year

7

100,000

NET ASSETS

1

CAPITAL AND RESERVES

Called up share capital

9

1

SHAREHOLDERS' FUNDS

1

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

S Meyer - Director

1.	STATUTORY INFORMATION

Ashford Cinema Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets, which include debtors due within one year and cash and bank balances, are measured at transaction price, including transaction costs, less any impairment. Any losses arising from impairment are charged to the the profit and loss account.

Basic financial liabilities include creditors and loans from fellow group companies. Creditors payable with one year are measured at transaction price. loans payable more than one year are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 period 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.

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 period was 20 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

Additions

10

14,662

14,672

At 31 March 2025

10

14,662

14,672

DEPRECIATION

Charge for period

-

1,528

At 31 March 2025

-

1,528

NET BOOK VALUE

At 31 March 2025

10

13,134

13,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

17,653

Amounts owed by group undertakings

22,568

Other debtors

53,233

93,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

70,682

Taxation and social security

58,253

Other creditors

56,724

185,659

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

£

Other creditors

100,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Loan from parent entity

100,000

The loan is secured by fixed and floating charges over all of the company's undertaking, property and assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary shares

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart G Whorlow (Senior Statutory Auditor)

for and on behalf of Cassidys Chartered Accountants

11.	RELATED PARTY DISCLOSURES

The company's immediate and ultimate parent is Ashford Borough Council, which is a local government organisation.

The company is included in the consolidated financial statements of Ashford Borough Council, which are available from Ashford Borough Council, International House, Dover Place, Ashford, Kent TN23 1HU.