Company Registration No. 02541231 (England and Wales)
MINERVA HORIZONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
MINERVA HORIZONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MINERVA HORIZONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,162
1,550
Current assets
Debtors
148
371
Cash at bank and in hand
113
1,732
261
2,103
Creditors: amounts falling due within one year
(14,021)
(11,976)
Net current liabilities
(13,760)
(9,873)
Total assets less current liabilities
(12,598)
(8,323)
Provisions for liabilities
(232)
(246)
(12,830)
(8,569)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(12,832)
(8,571)
Shareholders'  funds
(12,830)
(8,569)
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 20 June 2017
Dr E D Bilimoria
Director
Company Registration No. 02541231
MINERVA HORIZONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
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). These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the directors and creditors. If the company was unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts, to reclassify fixed assets and long term liabilities as current assets and current liabilities respectively and provide for further liabilities which might arise.

Financial Reporting Standard for Smaller Entities (effective January 2015).

 

These financial statements have been prepared on the assumption that the company will continue in

operational existence for the foreseeable future.

 

The validity of this assumption depends on the continuing support of the directors and creditors.

 

If the company was unable to continue in existence for the foreseeable future, adjustments would be

necessary to reduce the balance sheet value of assets to their recoverable amounts, to reclassify fixed

assets and long term liabilities as current assets and current liabilities respectively and provide for further

liabilities which might arise.

1.2
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:
Computer equipment
25% reducing balance
1.3
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
26,813
Depreciation
At 1 October 2015
25,263
Charge for the year
388
At 30 September 2016
25,651
Net book value
At 30 September 2016
1,162
At 30 September 2015
1,550
MINERVA HORIZONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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