Superstruct Entertainment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10729135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SUPERSTRUCT ENTERTAINMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Krnic

Mr R Schlosser

Mr D Zwicky

REGISTERED OFFICE:

1 Red Lion Court

London

EC4A 3EB

REGISTERED NUMBER:

10729135 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

4,772

-

Tangible assets

5

26,055

1,872

Investments

6

11,088,326

-

11,119,153

1,872

CURRENT ASSETS

Debtors

571,013

300

Cash at bank

350,418

6,638

921,431

6,938

CREDITORS

Amounts falling due within one year

919,856

8,212

NET CURRENT ASSETS/(LIABILITIES)

1,575

(1,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,120,728

598

CAPITAL AND RESERVES

Called up share capital

2

1

Share premium

11,101,694

-

Retained earnings

19,032

597

11,120,728

598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 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 Board of Directors on 10 September 2019 and were signed on its behalf by:

Mr S Krnic - Director

1.	STATUTORY INFORMATION

Superstruct Entertainment 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

7,158

At 31 December 2018

7,158

AMORTISATION

Amortisation for year

2,386

At 31 December 2018

2,386

NET BOOK VALUE

At 31 December 2018

4,772

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

2,340

Additions

31,724

At 31 December 2018

34,064

DEPRECIATION

At 1 January 2018

468

Charge for year

7,541

At 31 December 2018

8,009

NET BOOK VALUE

At 31 December 2018

26,055

At 31 December 2017

1,872

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Superstruct Australia Holdings Pty Ltd.

11,088,326

At 31 December 2018

11,088,326

NET BOOK VALUE

At 31 December 2018

11,088,326

7.	RPT EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.