HEARTS_CLUB_LIMITED - Accounts

HEARTS CLUB LIMITED - Company Information

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Company Registration No. 05069789 (England and Wales)

HEARTS CLUB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

HEARTS CLUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HEARTS CLUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

379,185

428,644

Tangible assets

103,421

169,419

Investments

83,391

482,606

681,454

Current assets

Stocks

8,384

Debtors

55,547

10,249

Cash at bank and in hand

31,779

35,785

87,326

54,418

Creditors: amounts falling due within one year

(49,493)

(257,258)

Net current assets/(liabilities)

37,833

(202,840)

Total assets less current liabilities

520,439

478,614

Creditors: amounts falling due after more than one year

(651,559)

(555,801)

(131,120)

(77,187)

Capital and reserves

Called up share capital

Share premium account

5,000

Profit and loss account

(136,121)

(82,188)

Shareholders' funds

(131,120)

(77,187)

HEARTS CLUB LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial Period ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and authorised for issue on 29 June 2017

Mr AS Deere

Director

Company Registration No. 05069789

HEARTS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

Over the lease term straight line

Fixtures, fittings & equipment

15% - 25% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.8

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

HEARTS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015 & at 30 September 2016

659,454

481,773

1,141,227

Depreciation

At 1 May 2015

230,810

312,354

543,164

Charge for the period

49,459

65,998

115,457

At 30 September 2016

280,269

378,352

658,621

Net book value

At 30 September 2016

379,185

103,421

482,606

At 30 April 2015

428,644

169,419

681,454

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of 1p each