Pentalumen Limited - Period Ending 2016-01-31

Registration number: 09400882

Pentalumen Limited

Unaudited Abbreviated Accounts

for the Period from 22 January 2015 to 31 January 2016

 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

Pentalumen Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pentalumen Limited
for the Period Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pentalumen Limited for the period ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the The Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.co.uk.

This report is made solely to the Board of Directors of Pentalumen Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Pentalumen Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with The Chartered Institute of Management Accountants as detailed at www.cimaglobal.com . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pentalumen Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pentalumen Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pentalumen Limited. You consider that Pentalumen Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Pentalumen 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 accounts.

......................................

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

31 January 2016

Page 1

Pentalumen Limited
(Registration number: 09400882)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £
Fixed assets
Tangible fixed assets					68,646
Investments					60,000
					128,646
Current assets
Stocks					1,700
Debtors					11,026
Cash at bank and in hand					15,918
					28,644
Creditors: Amounts falling due within one year					(180,387)
Net current liabilities					(151,743)
Net liabilities					(23,097)
Capital and reserves
Profit and loss account					(23,097)
Shareholders' deficit					(23,097)

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 January 2016 and signed on its behalf by:

.........................................
Mr R Burhani
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pentalumen Limited
Notes to the Abbreviated Accounts for the Period from 22 January 2015 to 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected life as follows

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Motor vehicle	25% reducing balance basis
Leasehold property	Straight line over the life of the lease

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
Additions		70,815			60,000			130,815
At 31 January 2016		70,815			60,000			130,815
Depreciation
Charge for the period		2,169			-			2,169
At 31 January 2016		2,169			-			2,169
Net book value
At 31 January 2016		68,646			60,000			128,646

Page 3

Pentalumen Limited
Notes to the Abbreviated Accounts for the Period from 22 January 2015 to 31 January 2016
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Significant holdings
Searching For Sound Limited	England	Ordinary Shares	52%	Video Production

The financial period end of Searching For Sound Limited is 30 June 2016.

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016
		No.			£
Ordinary shares of £10.00 each		20,000			200,000

New shares allotted

During the period 20,000 Ordinary Shares having an aggregate nominal value of £200,000 were allotted for an aggregate consideration of £200,000. Issued at par on Incoporation.

Page 4