Clifton Cinema (Fallings Park) Limited - Accounts to registrar (filleted) - small 18.2
Clifton Cinema (Fallings Park) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| FOR |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED (REGISTERED NUMBER: 00318680) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 January 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| One Eastwood |
| Harry Weston Road |
| Binley Business Park |
| Coventry |
| CV3 2UB |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED (REGISTERED NUMBER: 00318680) |
| BALANCE SHEET |
| 31 January 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| 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 on its behalf by: |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED (REGISTERED NUMBER: 00318680) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 January 2018 |
| 1. | STATUTORY INFORMATION |
| Clifton Cinema (Fallings Park) Limited is a |
| 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. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable. |
| Tangible fixed assets |
| Freehold property is held purely for investment purposes and is included in the balance sheet at a |
| valuation. The property was valued for probate purposes on 21 March 2017 at £415,000. |
| Taxation |
| Taxation for the year 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 year 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED (REGISTERED NUMBER: 00318680) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 January 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST OR VALUATION |
| At 1 February 2017 |
| Revaluations |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| If the freehold property had not been revalued it would have been included at historical cost of £5,944 |
| (2017: £5,944). |
| As a result of negotiations with HMRC Valuation Office Agency, a value of £520,000 was agreed by the |
| directors for the open market value on 21 March 2017. In the directors opinion the valuation at 31 |
| January 2018 has not materially changed. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 204 | 204 |
| 9. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2017 | 537,641 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Property revaluation | - | 105,000 | 105,000 |
| At 31 January 2018 | 649,009 |
| CLIFTON CINEMA (FALLINGS PARK) LIMITED (REGISTERED NUMBER: 00318680) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 January 2018 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £20,400 (2017 - £58,900) were paid to the directors . |
| There were no other material related party transactions during the year. |