SHEAZY_22_LIMITED - Accounts

SHEAZY 22 LIMITED - Company Information

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Company Registration No. 04789559 (England and Wales)

SHEAZY 22 LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

SHEAZY 22 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SHEAZY 22 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

185,398

324,821

Cash at bank and in hand

447,837

593,006

633,235

917,827

Creditors: amounts falling due within one year

(277,450)

(159,276)

Total assets less current liabilities

355,785

758,551

Capital and reserves

Called up share capital

Profit and loss account

355,783

758,549

Shareholder's funds

355,785

758,551

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

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year 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 for issue on 29 March 2017

Kevin Moran

John O'Shea

Director

Company Registration No. 04789559

SHEAZY 22 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 the exploitation of image rights for a professional sports person.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

John O'Shea

3.00

139,424

349

139,773

139,424

349

139,773