Registration number:
Kino Teatr Limited
for the Year Ended 31 December 2017
39 High Street
Battle
East Sussex
TN33 0EE
Kino Teatr Limited
Contents
Company Information |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Financial Statements |
Kino Teatr Limited
Company Information
Directors |
R C Baker Mrs O Mamonova Baker |
Company secretary |
Mrs O Mamonova Baker |
Registered office |
|
Accountants |
|
Page 1 |
Kino Teatr Limited
(Registration number: 09121660)
Balance Sheet as at 31 December 2017
Note |
2017 |
2016 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Provisions for liabilities |
- |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
( |
( |
For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 2 |
Kino Teatr Limited
(Registration number: 09121660)
Balance Sheet as at 31 December 2017
Approved and authorised by the
.........................................
R C Baker
Director
Page 3 |
Kino Teatr Limited
Statement of Changes in Equity for the Year Ended 31 December 2017
Share capital |
Profit and loss account |
Total |
|
At 1 January 2017 |
|
( |
( |
Profit for the year |
- |
|
|
Total comprehensive income |
- |
|
|
At 31 December 2017 |
|
( |
( |
Share capital |
Profit and loss account |
Total |
|
At 1 January 2016 |
|
( |
( |
Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 31 December 2016 |
|
( |
( |
Page 4 |
Kino Teatr Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Improvements to leasehold property |
Straight line over the duration of the 16 year lease |
Plant and machinery |
20% reducing balance basis |
Fixtures, fittings and equipment |
15% reducing balance basis |
Computer equipment |
33.3% straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Page 5 |
Kino Teatr Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 6 |
Kino Teatr Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Tangible assets |
Land and buildings |
Fixtures, fittings and equipment |
Plant and machinery |
Total |
|
Cost or valuation |
||||
At 1 January 2017 |
|
|
|
|
Additions |
- |
|
- |
|
At 31 December 2017 |
|
|
|
|
Depreciation |
||||
At 1 January 2017 |
- |
|
|
|
Charge for the year |
|
|
|
|
At 31 December 2017 |
|
|
|
|
Carrying amount |
||||
At 31 December 2017 |
|
|
|
|
At 31 December 2016 |
|
|
|
|
Included within the net book value of land and buildings above is £63,469 (2016 - £74,306) in respect of long leasehold land and buildings.
Stocks |
2017 |
2016 |
|
Other inventories |
|
|
Debtors |
2017 |
2016 |
|
Other debtors |
|
- |
Total current trade and other debtors |
|
- |
Creditors |
Note |
2017 |
2016 |
|
Due within one year |
|||
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
Page 7 |
Kino Teatr Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Related party transactions |
Summary of transactions with other related parties
Mrs O Mamonova Baker - Director and shareholder
At the balance sheet date the amounts due to each of the directors were:
R C Baker - £243,338 (2016 - £222,936)
Mrs O Mamonova Baker - £243,338 (2016 - £222,936)
The company relies upon the continued support of its directors.
Page 8 |