LONDON_CINEMAS_LIMITED - Accounts

LONDON CINEMAS LIMITED - Company Information

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Company Registration No. 02786976 (England and Wales)

LONDON CINEMAS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

LONDON CINEMAS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LONDON CINEMAS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,000,442

307,409

Current assets

Debtors

34,836

26,131

Cash at bank and in hand

13,215

11,006

48,051

37,137

Creditors: amounts falling due within one year

(514,676)

(532,567)

Net current liabilities

(466,625)

(495,430)

Total assets less current liabilities

533,817

(188,021)

Creditors: amounts falling due after more than one year

(95,037)

438,780

(283,058)

Capital and reserves

Called up share capital

1,000

Revaluation reserve

693,181

Profit and loss account

(255,401)

(284,058)

Shareholders' funds

438,780

(283,058)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 September 2015

G Shani

Director

Company Registration No. 02786976

LONDON CINEMAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The director has undertaken to continue to support the company for a period of twelve months, at least, from the date of approval of these financial statements and therefore considers it appropriate to prepare the financial statements on a going concern basis. No provision has been made for any adjustments which would result from a withdrawal of this support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% reducing balance

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014

318,564

Revaluation

693,181

At 31 March 2015

1,011,745

Depreciation

At 1 April 2014

11,155

Charge for the year

148

At 31 March 2015

11,303

Net book value

At 31 March 2015

1,000,442

At 31 March 2014

307,409

LONDON CINEMAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £357,305).

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary Shares of £1 each

1,000

Ultimate parent company

The ultimate controlling party is Guy Shani (Director).