Prom Lets Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03665559 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PROM LETS LIMITED

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

J Olympios

S Olympios

SECRETARY:

J Olympios

REGISTERED OFFICE:

44 Grand Parade

Brighton

East Sussex

BN2 9QA

REGISTERED NUMBER:

03665559 (England and Wales)

ACCOUNTANTS:

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

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 three to six)

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 2016 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prom Lets Limited 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.

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

13 December 2016

FIXED ASSETS

Tangible assets

2

5,974

6,805

CURRENT ASSETS

Debtors

2,555

1,200

Cash at bank and in hand

116,540

89,650

119,095

90,850

CREDITORS

Amounts falling due within one year

(59,462

)

(58,621

)

NET CURRENT ASSETS

59,633

32,229

TOTAL ASSETS LESS CURRENT LIABILITIES

65,607

39,034

PROVISIONS FOR LIABILITIES

(155

)

(167

)

NET ASSETS

65,452

38,867

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

65,450

38,865

SHAREHOLDERS' FUNDS

65,452

38,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 13 December 2016 and were signed on its behalf by:

S Olympios - 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 January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

15% on reducing balance

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 2015

and 31 March 2016

38,817

DEPRECIATION

At 1 April 2015

32,012

Charge for year

831

At 31 March 2016

32,843

NET BOOK VALUE

At 31 March 2016

5,974

At 31 March 2015

6,805

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES