Prom Lets Limited - Limited company - abbreviated - 11.9
Prom Lets Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
| for |
| Prom Lets Limited |
| Prom Lets Limited (Registered number: 03665559) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Accountants' Report | 6 |
| Prom Lets Limited |
| Company Information |
| for the year ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Prom Lets Limited (Registered number: 03665559) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Prom Lets Limited (Registered number: 03665559) |
| Abbreviated Balance Sheet - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on |
| Prom Lets Limited (Registered number: 03665559) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
| 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). |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Prom Lets Limited (Registered number: 03665559) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 March 2015 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year under review the company rented for its operations premises from the two directors and from another party |
| connected with the directors.The rent charged to the company is, in the opinion of the directors, considered to be a fair |
| market rent and is as follows: |
| Rents paid to the two directors for rental of premises £15,000 (2014 - £15,000) |
| Rent paid to Mr.N. Olympios , father of the directors, for rental of premises £90,000 (2014 - £90,000). |
| The balance owed to the directors as at 31st March 2015 was £7,209 (2014 - £1,314) |
| The balance owed to Mr.N.Olympios as at 31st March 2015 was £999 (2014 - £999) |
| No interest is charged to the company on these outstanding balances. |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Prom Lets Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Prom Lets Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, the Balance Sheet |
| and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Prom Lets Limited, as a body, in accordance with the terms of our engagement letter dated 20 July 2000. Our work has been undertaken solely to prepare for your approval the financial statements of Prom Lets Limited and state those matters that we have agreed to state to the Board of Directors of Prom Lets Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Prom Lets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prom Lets Limited. You consider that Prom Lets Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Prom Lets Limited. For this reason, we |
| have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and |
| we do not, therefore, express any opinion on the statutory financial statements. |
| 8 December 2015 |