PARTY_HOUSES_EUROPE_LIMIT - Accounts

PARTY HOUSES EUROPE LIMITED - Company Information

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Company Registration No. 08759851 (England and Wales)

PARTY HOUSES EUROPE LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

PARTY HOUSES EUROPE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PARTY HOUSES EUROPE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

23,144

Current assets

Debtors

64,201

Cash at bank and in hand

38,864

103,065

Creditors: amounts falling due within one year

(120,841)

Net current liabilities

(17,776)

Total assets less current liabilities

5,368

Capital and reserves

Called up share capital

1,000

Profit and loss account

4,368

Shareholders' funds

5,368

For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their 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 3 August 2015

Ms S Norgrove-Moore

Mr C A Moore

Director

Company Registration No. 08759851

PARTY HOUSES EUROPE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

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 April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Fixtures, fittings and equipment

15% per annum on net book value

1.4

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.

Fixed assets

Tangible assets

Cost

At 4 November 2013

Additions

27,228

At 31 March 2015

27,228

Depreciation

At 4 November 2013

Charge for the period

4,084

At 31 March 2015

4,084

Net book value

At 31 March 2015

23,144

PARTY HOUSES EUROPE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

During the period 1,000 Ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide the initial working capital.