Company No: SC375262 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	13,563		13,552
		13,563		13,552
Current assets
Stocks	4	1,299		2,943
Debtors	5	41,988		56,118
Cash at bank and in hand		34,689		18,173
		77,976		77,234
Creditors: amounts falling due within one year	6	( 99,110)		( 114,381)
Net current liabilities		(21,134)		(37,147)
Total assets less current liabilities		(7,571)		(23,595)
Net liabilities		( 7,571)		( 23,595)
Capital and reserves
Called-up share capital	7	500		500
Share premium account		54,600		54,600
Profit and loss account		( 62,671 )		( 78,695 )
Total shareholders' deficit		( 7,571)		( 23,595)

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cinemate Limited (registered number: SC375262) were approved and authorised for issue by the Board of Directors on 05 August 2026. They were signed on its behalf by:

Mr G Houston Director

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 £7,571. 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

	2026		2025
	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 2025	74,114		74,114
Additions	12,044		12,044
Disposals	( 13,023)		( 13,023)
At 31 March 2026	73,135		73,135
Accumulated depreciation
At 01 April 2025	60,562		60,562
Charge for the financial year	11,137		11,137
Disposals	( 12,127)		( 12,127)
At 31 March 2026	59,572		59,572
Net book value
At 31 March 2026	13,563		13,563
At 31 March 2025	13,552		13,552

4. Stocks

	2026		2025
	£		£
Stocks	1,299		2,943

5. Debtors

	2026		2025
	£		£
Trade debtors	39,050		52,202
Other debtors	2,938		3,916
	41,988		56,118

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Other creditors	99,110		114,381

7. Called-up share capital

	2026		2025
	£		£
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

	2026		2025
	£		£
Amounts due to key management personnel	41,377		34,172

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.