ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HARTSHORN HOOK ENTERPRISES LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2019-09-302019-09-30No description of principal activity2018-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsetrue 06362304 2018-10-01 2019-09-30 06362304 2017-10-01 2018-09-30 06362304 2019-09-30 06362304 2018-09-30 06362304 c:Director1 2018-10-01 2019-09-30 06362304 d:CurrentFinancialInstruments 2019-09-30 06362304 d:CurrentFinancialInstruments 2018-09-30 06362304 d:CurrentFinancialInstruments d:WithinOneYear 2019-09-30 06362304 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 06362304 d:UKTax 2018-10-01 2019-09-30 06362304 d:UKTax 2017-10-01 2018-09-30 06362304 d:ShareCapital 2019-09-30 06362304 d:ShareCapital 2018-09-30 06362304 d:RetainedEarningsAccumulatedLosses 2019-09-30 06362304 d:RetainedEarningsAccumulatedLosses 2018-09-30 06362304 c:FRS102 2018-10-01 2019-09-30 06362304 c:AuditExempt-NoAccountantsReport 2018-10-01 2019-09-30 06362304 c:FullAccounts 2018-10-01 2019-09-30 06362304 c:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30 iso4217:GBP xbrli:pure

Registered number: 06362304









HARTSHORN - HOOK ENTERPRISES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2019
 
HARTSHORN - HOOK ENTERPRISES LTD
REGISTERED NUMBER: 06362304

BALANCE SHEET
AS AT 30 SEPTEMBER 2019

2019
2018
£
£

Fixed assets
  

Investments
 5 
15,000
-

  
15,000
-

Current assets
  

Debtors: amounts falling due within one year
 6 
1,011,016
409,275

Cash at bank and in hand
  
9,647
20,000

  
1,020,663
429,275

Creditors: amounts falling due within one year
 7 
(1,039,695)
(459,109)

Net current liabilities
  
 
 
(19,032)
 
 
(29,834)

Total assets less current liabilities
  
(4,032)
(29,834)

  

Net liabilities
  
(4,032)
(29,834)


Capital and reserves
  

Called up share capital 
  
9
9

Profit and loss account
  
(4,041)
(29,843)

  
(4,032)
(29,834)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2020.




Page 1
 
HARTSHORN - HOOK ENTERPRISES LTD
REGISTERED NUMBER: 06362304
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2019

L J Hartshorn
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2
 
HARTSHORN - HOOK ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1.


General information

Hartshorn - Hook Productions Limited is a private company limited by shares and incorporated in England. The address of the registered office is Great Newport Street, London WC2H 7JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is showing a shortfall of shareholders' funds at the balance sheet date of £4,032 and in order to continue in operation is dependent on the continuing support of it loan creditors. The loans provided are only repayable out of surplus funds generated by the company's operations. 
At the time of approving these financial statements, government restrictions relating to the coronavirus pandemic have forced all theatres to close in the UK. Although the potential effect of the coronavirus can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified. 
The directors have prepared forecasts and cash flow projections based on current and anticipated future activities and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements but with the proviso that a material uncertainty exists over the company's future.

 
2.3

Revenue

Revenue relates to net box office receipts and merchandise sales and is recognised to the extent that it is probable that the economice benefits will flow to the company and the revenue can be reliably measured.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3
 
HARTSHORN - HOOK ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

 
2.11

Taxation

Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2018 - 3).

Page 4
 
HARTSHORN - HOOK ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4.


Taxation


2019
2018
£
£

Corporation tax


Tax credit on theatre production costs
(6,711)
(2,682)


Total current tax
(6,711)
(2,682)

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2018 - 19%).



5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
15,000



At 30 September 2019
15,000





6.


Debtors

2019
2018
£
£


Trade debtors
17,847
8,260

Other debtors
993,169
401,015

1,011,016
409,275


Page 5
 
HARTSHORN - HOOK ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

7.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
28,620
4,965

Corporation tax
115
115

Other taxation and social security
13,630
23,538

Other creditors
983,248
314,639

Accruals and deferred income
14,082
115,852

1,039,695
459,109


 
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