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REGISTERED NUMBER: 08208626 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

HENNESSY SPORTS WORLDWIDE LIMITED

HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENNESSY SPORTS WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: M Hennessy
A Pour





REGISTERED OFFICE: 150 High Street
Sevenoaks
Kent
TN13 1XE





REGISTERED NUMBER: 08208626 (England and Wales)





ACCOUNTANTS: Greenaway Chartered Accountants
150 High Street
Sevenoaks
Kent
TN13 1XE

HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)

BALANCE SHEET
31 DECEMBER 2017

31/12/17 31/12/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,201 2,981
Investments 5 100 100
19,301 3,081

CURRENT ASSETS
Debtors 6 2,411,810 1,007,715
Cash at bank and in hand 63,385 15,214
2,475,195 1,022,929
CREDITORS
Amounts falling due within one year 7 314,887 154,042
NET CURRENT ASSETS 2,160,308 868,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,179,609

871,968

CREDITORS
Amounts falling due after more than one
year

8

2,174,002

705,835
NET ASSETS 5,607 166,133

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 5,407 165,933
5,607 166,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)

BALANCE SHEET - continued
31 DECEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 December 2018 and were signed on
its behalf by:





M Hennessy - Director


HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Hennessy Sports Worldwide Limited is a private company, limited by shares , registered in England
and Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Going concern
The financial statements are prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future. The company is supported by the
directors and it is assumed that this will continue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 1 ).

HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 4,261
Additions 17,500
At 31 December 2017 21,761
DEPRECIATION
At 1 January 2017 1,280
Charge for year 1,280
At 31 December 2017 2,560
NET BOOK VALUE
At 31 December 2017 19,201
At 31 December 2016 2,981

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2017
and 31 December 2017 100
NET BOOK VALUE
At 31 December 2017 100
At 31 December 2016 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Trade debtors 39,293 281
Amounts recoverable on contract 1,400,000 300,000
Other debtors 972,517 707,434
2,411,810 1,007,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Bank loans and overdrafts - 576
Trade creditors 72,766 56,851
Taxation and social security 188,903 50,810
Other creditors 53,218 45,805
314,887 154,042

HENNESSY SPORTS WORLDWIDE LIMITED (REGISTERED NUMBER: 08208626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/17 31/12/16
£    £   
Other creditors 2,174,002 705,835