The Horseshoe is at the centre of Hampstead and caters for a younger crowd. It's a valuable contribution to the local economy because it's run by the micro-brewery, The Camden Brewery Company. As such it provides excellent locally made beer. And it combines that with restaurant quality food produced by rotating, invited chefs. Attached to the pub is the small Pentameters Theatre which has been a landmark for decadesand features new or avant garde writers. Now that the New End Theatre is no more, Pentameters is Hampstead's only venue. If the pub should be threatened with change of use or development, the theatre could be at risk. The Horseshoe attracts local and visitors alike. It is not part of a pub chain and so more money stays in the community rather than being remitted to head office. It's also part of Hampstead's heritage. For all these reasons it needs the protection of an Asset of Community Value.