MYTHWORLD LIMITED - Abbreviated accounts

Registered number

06270680

MYTHWORLD LIMITED

Abbreviated Accounts

30 June 2016

MYTHWORLD LIMITED
Registered number:		06270680
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016			2015
€				€
Fixed assets
Intangible assets	2		13,708			13,708

Creditors: amounts falling due within one year		(17,066)			(16,816)

Net current liabilities			(17,066)			(16,816)

Net liabilities			(3,358)			(3,108)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(3,458)			(3,208)

Shareholders' funds			(3,358)			(3,108)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs Panagiota Angelopoulou
Director
Approved by the board on 22 February 2017

MYTHWORLD LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 June 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Intellectual property rights
	Intellectual property rights are valued at cost less accumulated amortisation. Amortisation will be calculated to write off the cost in equal annual instalments over their estimated useful lives. The costs related to these rights is still ongoing thus no ammortisation has yet been charged to the profit and loss account. The costs include the registration of the trademarks of Mythomachy and Once Upon a Myth.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Going concern basis
	The company is supported by an interest free loan from the directors. The directors have provided informal assurances of their continued financial support for the foreseeable future. Therefore, the directors have prepared these accounts on a going concern basis.


2	Intangible fixed assets					€

	Cost
	At 1 July 2015					13,708
	At 30 June 2016					13,708

	Amortisation
	At 30 June 2016					-

	Net book value
	At 30 June 2016					13,708
	At 30 June 2015					13,708


3	Share capital	Nominal		2016		2016		2015
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	€1 each		100		100		100