Company Registration No. 06748913 (England and Wales)
Cinemanx Productions Two Limited
Unaudited accounts
for the year ended 31 March 2025
Cinemanx Productions Two Limited
Unaudited accounts
Contents
Cinemanx Productions Two Limited
Company Information
for the year ended 31 March 2025
Directors
S J Ingrassia
K S Ellis
Company Number
06748913 (England and Wales)
Registered Office
CANNON PLACE
78 CANNON STREET
LONDON
EC4N 6AF
ENGLAND
Cinemanx Productions Two Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
6,716
87,238
Creditors: amounts falling due within one year
(76,642)
(71,487)
Net current assets
3,639
18,383
Called up share capital
2
2
Profit and loss account
3,637
18,381
Shareholders' funds
3,639
18,383
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.
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 23 December 2025 and were signed on its behalf by
K S Ellis
Director
Company Registration No. 06748913
Cinemanx Productions Two Limited
Notes to the Accounts
for the year ended 31 March 2025
Cinemanx Productions Two Limited is a private company, limited by shares, registered in England and Wales, registration number 06748913. 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.
Repayment of the amounts due from Cinemanx Limited and its subsidiary entities (the "Cinemanx Group") to The Isle of Man Treasury (see note 7) 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.
The accounts are presented in £ sterling.
Income and expenditure is recognised on an accruals bases.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand.
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 profit or loss in other operating expenses.
Group financial statements
Group financial statements have not been prepared as the group is exempt from preparing consolidated financial statements under FRS102 as it has taken advantage of the exemption afforded for small companies.
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.
The comparative figures are for the period from 26 March 2023 to 31 March 2024.
Cinemanx Productions Two Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
70,801
-
Accrued income and prepayments
2,316
2,100
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
4,584
3,196
Amounts owed to group undertakings and other participating interests
52,261
51,328
Taxes and social security
166
328
Other creditors
16,650
12,911
Charges have been registered in favour of Cinemanx Limited against the film "The Disappearance of Alice Creed" (the "Assigned Property") to secure the outstanding debts of the company and Cinemanx Films Two Limited, the company's immediate parent (see note 9).
7
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 GBP16,164 (2024: GBP16,959) was paid to Boston in their capacity as administrators of the company, an amount of GBP2,981 (2024: GBP3,714) was accrued, an amount of GBP2,316 (2024: GBP2,100) was prepaid and an amount of GBP4,585 (2024: GBP3,196) 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.
As at the reporting date, the entire issued share capital of the company was held by Cinemanx Films Two 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.
9
Post balance sheet events
Since the reporting date, the Isle of Man Treasury has provided funding in order to cover Company expenses. There is no formal loan agreement in place, however, the loan is to be treated as unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).