Pridetime Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05290188 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

PRIDETIME LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Herzka

SECRETARY:

A Freund

REGISTERED OFFICE:

56 Chardmore Road

London

N16 6JH

REGISTERED NUMBER:

05290188 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

2,762

1,699

Investment property

3

288,004

420,190

290,766

421,889

CURRENT ASSETS

Debtors

33,125

Cash at bank

14,923

2,095

48,048

35,220

CREDITORS

Amounts falling due within one year

989

61,602

NET CURRENT ASSETS/(LIABILITIES)

47,059

(26,382

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

337,825

395,507

CREDITORS

Amounts falling due after more than one
year

4

252,483

316,587

NET ASSETS

85,342

78,920

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

85,341

78,919

SHAREHOLDERS' FUNDS

85,342

78,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 March 2015 and were signed by:

J Herzka - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net rent receivable, 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.

Fixtures and fittings

-

15% on reducing balance

Investment property

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy

results in the financial statements giving true and fair view.

Deferred tax

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

sheet date.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

9,251

Additions

1,550

At 30 April 2014

10,801

DEPRECIATION

At 1 May 2013

7,552

Charge for year

487

At 30 April 2014

8,039

NET BOOK VALUE

At 30 April 2014

2,762

At 30 April 2013

1,699

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 May 2013

420,190

Disposals

(132,186

)

At 30 April 2014

288,004

NET BOOK VALUE

At 30 April 2014

288,004

At 30 April 2013

420,190

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.14

30.4.13

£

Repayable otherwise than by instalments

252,483

316,587

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

1

Ordinary

£1

1

Pridetime Ltd - Limited company - abbreviated - 11.6

Pridetime Ltd - Limited company - abbreviated - 11.6