Cine Parallel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05222537 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Cine Parallel Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Urschitz

SECRETARY:

F Urschitz

REGISTERED OFFICE:

2B Haddo Street

Greenwich

London

SE10 9RN

REGISTERED NUMBER:

05222537 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Tangible assets

4

2,497

3,328

Investments

5

3,318

-

5,815

3,328

CURRENT ASSETS

Debtors

28

3,066

Cash at bank and in hand

8,741

842

8,769

3,908

CREDITORS

Amounts falling due within one year

53,304

40,834

NET CURRENT LIABILITIES

(44,535

)

(36,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,720

)

(33,598

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(39,720

)

(34,598

)

SHAREHOLDERS' FUNDS

(38,720

)

(33,598

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 May 2022 and were signed by:

F Urschitz - Director

1.	STATUTORY INFORMATION

Cine Parallel 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.

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.

At the balance sheet date the company's liabilities exceeded its assets by £38,720. The company's working capital is provided by a loan from a director of £50,239, and a shareholder loan of £2,600, both of which will not be repaid until cash flow permits, and so the director has considered it appropriate to prepare these accounts on a going concern basis.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2020

and 30 September 2021

11,344

DEPRECIATION

At 1 October 2020

8,016

Charge for year

831

At 30 September 2021

8,847

NET BOOK VALUE

At 30 September 2021

2,497

At 30 September 2020

3,328

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

3,318

At 30 September 2021

3,318

NET BOOK VALUE

At 30 September 2021

3,318