Accounts filed on 30-11-2015

Accounts filed on 30-11-2015

HERITAGE VENUES LIMITED - Company Information

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HERITAGE VENUES LIMITED

Company Registration Number:
09315772 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 18 November 2014

End date: 30 November 2015

HERITAGE VENUES LIMITED

Abbreviated Balance sheet

As at 30 November 2015


Notes
2015
£
Fixed assets
Intangible assets: 2 62,719
Tangible assets: 3 112,427
Total fixed assets: 175,146
Current assets
Stocks: 5,972
Debtors: 34,029
Cash at bank and in hand: 42,057
Total current assets: 82,058
Creditors: amounts falling due within one year: ( 205,613 )
Net current assets (liabilities): ( 123,555 )
Total assets less current liabilities: 51,591
Creditors: amounts falling due after more than one year: ( 408,874 )
Provision for liabilities: 0
Total net assets (liabilities): ( 357,283 )

The notes form part of these financial statements

HERITAGE VENUES LIMITED

Balance sheet continued

As at 30 November 2015


Notes
2015
£
Capital and reserves
Called up share capital: 4 1
Revaluation reserve: 0
Profit and loss account: ( 357,284 )
Shareholders funds: ( 357,283 )

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 17 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Charlotte Mary Alberto
Status: Director

The notes form part of these financial statements

HERITAGE VENUES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The Financial statements are prepared under the historical cost convention.

    The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

    Turnover policy

    Turnover represents amounts receivable for goods and services, net of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at costs 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;
    Plant and Machinery 33.33% reducing balance basis.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are stated at costs 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;
    Goodwill 25% reducing balance basis.

    Valuation information and policy

    Stock isvalued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and overheads.

HERITAGE VENUES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 2. Intangible assets

    Total
    Cost £
    Additions: 70,672
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 November 2015: 70,672
    Amortisation
    Provided during the period: 7,953
    On disposals: 0
    Other Adjustments: 0
    30 November 2015: 7,953
    Net book value
    30 November 2015: 62,719

HERITAGE VENUES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 3. Tangible assets

    Total
    Cost £
    Additions: 140,974
    Disposals: ( 13,267 )
    Revaluations: 0
    Transfers: 0
    30 November 2015: 127,707
    Depreciation
    Charge for year: 15,280
    On disposals: 0
    Other adjustments: 0
    30 November 2015: 15,280
    Net book value
    30 November 2015: 112,427

HERITAGE VENUES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 4. Called up share capital

    Allotted, called up and paid

    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 0.01 1
    Preference shares: 0 0.00 0
    Total share capital (£): 1