Heuristic Shakespeare Limited - Abbreviated accounts 16.3

Heuristic Shakespeare Limited - Abbreviated accounts 16.3

HEURISTIC SHAKESPEARE LIMITED - Company Information

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REGISTERED NUMBER: 09233687 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

HEURISTIC SHAKESPEARE LIMITED

HEURISTIC SHAKESPEARE LIMITED (REGISTERED NUMBER: 09233687)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

HEURISTIC SHAKESPEARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: T Evetts
R L Loncraine
S Reeves
P Uden





REGISTERED OFFICE: Regina House
124 Finchley Road
London
NW3 5JS





REGISTERED NUMBER: 09233687 (England and Wales)





ACCOUNTANTS: StevieC Accountancy Limited
12 Compton Road
Croydon
Surrey
CR0 7JA
Page 1
HEURISTIC SHAKESPEARE LIMITED (REGISTERED NUMBER: 09233687)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks - 95,270
Debtors 2,530 120
Cash at bank 7,233 5,564
9,763 100,954
CREDITORS
Amounts falling due within one year 29,920 12,737
NET CURRENT (LIABILITIES)/ASSETS (20,157 ) 88,217
TOTAL ASSETS LESS CURRENT
LIABILITIES
(20,157
)
88,217

CAPITAL AND RESERVES
Called up share capital 2 100 100
Share premium 99,980 99,980
Profit and loss account (120,237 ) (11,863 )
SHAREHOLDERS' FUNDS (20,157 ) 88,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 22 June 2017 and were signed on its behalf by:





R L Loncraine - Director


The notes form part of these abbreviated accounts

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HEURISTIC SHAKESPEARE LIMITED (REGISTERED NUMBER: 09233687)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

1. ACCOUNTING POLICIES

Accounting convention
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).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Going concern
The company recorded a loss of £108,374 (2015 - £Nil) for the year ended 30 September 2016 and had a net
liability of £20,157 at that date.

The company continues to meet its day to day working capital requirements from loans leveraged by Heuristic
Media Limited. The company is therefore dependent on the support of this loan facility in order to continue as a
going concern.

The directors are satisfied that they can continue to finance the operations of the business in this manner and
enable the company to achieve profitability. Accordingly, the directors consider it appropriate to prepare these
accounts on a going concern basis.

The accounts do not reflect any adjustments which might have to be made should the company be unable to
continue as a going concern. In the event that further finance is not available, adjustments might have to be made
to provide for further liabilities that might arise.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

3. CONTROLLING PARTY

The company was controlled throughout the period since incorporation by any three of the shareholders acting in
concert.

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