Pryda Recordings Limited - Accounts to registrar (filleted) - small 18.2

Pryda Recordings Limited - Accounts to registrar (filleted) - small 18.2

PRYDA RECORDINGS LIMITED - Company Information

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REGISTERED NUMBER: 05570119 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

PRYDA RECORDINGS LIMITED
PRYDA RECORDINGS LIMITED (REGISTERED NUMBER: 05570119)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRYDA RECORDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: E S Prydz





SECRETARY: M A Sershall





REGISTERED OFFICE: White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY





REGISTERED NUMBER: 05570119 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY
Page 1
PRYDA RECORDINGS LIMITED (REGISTERED NUMBER: 05570119)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Debtors 5 75,919 76,858
Cash at bank 142,673 120,767
218,592 197,625
CREDITORS
Amounts falling due within one year 6 33,683 17,974
NET CURRENT ASSETS 184,909 179,651
TOTAL ASSETS LESS CURRENT
LIABILITIES
184,909
179,651

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 184,908 179,650
SHAREHOLDERS' FUNDS 184,909 179,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 9 March 2020 and were signed by:





E S Prydz - Director


The notes form part of these financial statements

Page 2
PRYDA RECORDINGS LIMITED (REGISTERED NUMBER: 05570119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

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

Turnover
Revenue, described as turnover, represents the net value of sales earned by the company in the financial year, excluding
value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

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PRYDA RECORDINGS LIMITED (REGISTERED NUMBER: 05570119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2018
and 30 September 2019 1,946
DEPRECIATION
At 1 October 2018
and 30 September 2019 1,946
NET BOOK VALUE
At 30 September 2019 -
At 30 September 2018 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 7,665 8,291
Amounts owed by group undertakings 67,804 67,804
Other debtors 450 763
75,919 76,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 9,345 3,675
Amounts owed to group undertakings 4,693 4,693
Taxation and social security 17,770 7,731
Other creditors 1,875 1,875
33,683 17,974

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly
owned subsidiaries within the group.

The ultimate parent undertaking is Farolena Limited, a company registered in Cyprus.

Page 4