back to STANHOPE(NEWCASTLE UPON TYNE)CINEMA COMPANY LIMITED(THE) detail Abbreviated Company Accounts - STANHOPE(NEWCASTLE UPON TYNE)CINEMA COMPANY LIMITED(THE)

Registered Number 00214385

STANHOPE(NEWCASTLE UPON TYNE)CINEMA COMPANY LIMITED(THE)

Abbreviated Accounts

29 September 2016

STANHOPE(NEWCASTLE UPON TYNE)CINEMA COMPANY LIMITED(THE) Registered Number 00214385

Abbreviated Balance Sheet as at 29 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 250,564 267,753
250,564 267,753
Current assets
Debtors 1,115 1,456
Cash at bank and in hand 66,092 46,114
67,207 47,570
Creditors: amounts falling due within one year (25,941) (23,390)
Net current assets (liabilities) 41,266 24,180
Total assets less current liabilities 291,830 291,933
Creditors: amounts falling due after more than one year (87,120) (87,120)
Total net assets (liabilities) 204,710 204,813
Capital and reserves
Called up share capital 3 7,000 7,000
Share premium account 128,156 128,156
Profit and loss account 69,554 69,657
Shareholders' funds 204,710 204,813
  • For the year ending 29 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 June 2017

And signed on their behalf by:
M. S. Hearn, Director

STANHOPE(NEWCASTLE UPON TYNE)CINEMA COMPANY LIMITED(THE) Registered Number 00214385

Notes to the Abbreviated Accounts for the period ended 29 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company’s directors and bankers during this time.

Turnover policy
Turnover, includes property income and property costs reimbursements.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 4% Straight Line
Fruit machines - 50% Straight Line
Fixtures & Fittings - 15% Reducing Balance
Motor Vehicles - 25% Straight Line
Plant and Equipment - 20% Reducing Balance

Other accounting policies
Financial instruments

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 entity after deducting all of its financial liabilities.

2Tangible fixed assets
£
Cost
At 30 September 2015 1,500,481
Additions -
Disposals -
Revaluations -
Transfers -
At 29 September 2016 1,500,481
Depreciation
At 30 September 2015 1,232,728
Charge for the year 17,189
On disposals -
At 29 September 2016 1,249,917
Net book values
At 29 September 2016 250,564
At 29 September 2015 267,753
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
7,000 Ordinary shares of £1 each 7,000 7,000

RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (effective January 2015).

ULTIMATE CONTROLLING PARTY

The directors consider that there is no ultimate controlling party of the company.