Pridetime Ltd - Abbreviated accounts 16.1

Pridetime Ltd - Abbreviated accounts 16.1

PRIDETIME LTD - Company Information

Print Friendly Version

05290188 1.5.15 30.4.16 30.4.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052901882015-04-30052901882016-04-30052901882015-05-012016-04-30052901882014-04-30052901882014-05-012015-04-30052901882015-04-3005290188ns12:England2015-05-012016-04-3005290188ns14:PoundSterling2015-05-012016-04-3005290188ns7:Director12015-05-012016-04-3005290188ns7:OrdinaryShareClass12015-05-012016-04-3005290188ns7:CompanySecretary2015-05-012016-04-3005290188ns7:RegisteredOffice2015-05-012016-04-3005290188ns7:EntityAccountantsOrAuditors2015-05-012016-04-3005290188ns5:InvestmentProperties2016-04-3005290188ns5:InvestmentProperties2015-04-3005290188ns5:FixturesFittings2015-05-012016-04-3005290188ns5:InvestmentProperties2015-04-3005290188ns5:InvestmentProperties2015-05-012016-04-3005290188ns7:OrdinaryShareClass12016-04-3005290188ns7:OrdinaryShareClass12015-04-30
REGISTERED NUMBER: 05290188 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

PRIDETIME LTD

PRIDETIME LTD (REGISTERED NUMBER: 05290188)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PRIDETIME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2016







DIRECTOR: J Herzka





SECRETARY: A Freund





REGISTERED OFFICE: 56 Chardmore Road
London
London
N16 6JH





REGISTERED NUMBER: 05290188 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

ABBREVIATED BALANCE SHEET
30 APRIL 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,062 2,348
Investment property 3 380,000 288,004
382,062 290,352

CURRENT ASSETS
Debtors 33,125 33,125
Cash at bank 13,382 13,660
46,507 46,785
CREDITORS
Amounts falling due within one year 2,832 1,114
NET CURRENT ASSETS 43,675 45,671
TOTAL ASSETS LESS CURRENT
LIABILITIES
425,737
336,023

CREDITORS
Amounts falling due after more than one year 4 252,503 252,483
NET ASSETS 173,234 83,540

CAPITAL AND RESERVES
Called up share capital 5 1 1
Revaluation reserve 91,996 -
Profit and loss account 81,237 83,539
SHAREHOLDERS' FUNDS 173,234 83,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2016


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 21 October 2016 and were signed by:





J Herzka - Director


The notes form part of these abbreviated accounts

Page 3
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 10,801
Additions 78
At 30 April 2016 10,879
DEPRECIATION
At 1 May 2015 8,453
Charge for year 364
At 30 April 2016 8,817
NET BOOK VALUE
At 30 April 2016 2,062
At 30 April 2015 2,348

Page 4 continued...
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2016

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2015 288,004
Revaluations 91,996
At 30 April 2016 380,000
NET BOOK VALUE
At 30 April 2016 380,000
At 30 April 2015 288,004

4. CREDITORS

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

30.4.16 30.4.15
£    £   
Repayable otherwise than by instalments 252,503 252,483

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
1 Ordinary £1 1 1

Page 5