Power Design Invest Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09020272 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

POWER DESIGN INVEST LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M T Gordon

SECRETARY:

Lanshui (China) Ltd

REGISTERED OFFICE:

Langley House

Park Road

London

N2 8EY

REGISTERED NUMBER:

09020272 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Investments

2

2,893

CURRENT ASSETS

Debtors

384

1,217

CREDITORS

Amounts falling due within one year

3,726

NET CURRENT LIABILITIES

(3,342

)

(2,509

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(449

)

384

CAPITAL AND RESERVES

Called up share capital

3

1,217

Profit and loss account

(1,666

)

(833

)

SHAREHOLDERS' FUNDS

(449

)

384

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 28 February 2017 and were signed by:

M T Gordon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. At the balance sheet date the company's

current liabilities exceed its current assets by €449. In the opinion of the director the company has the support

of its creditors and financiers for the foreseeable future, and it is therefore considered appropriate to adopt the

going concern policy.

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).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

€

COST

At 1 June 2015

and 31 May 2016

2,893

NET BOOK VALUE

At 31 May 2016

2,893

At 31 May 2015

2,893

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pivden Energomerezn Project TOO

Country of incorporation: Ukraine

Nature of business: Consultancy for engineering and geology

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

€

Aggregate capital and reserves

-

57,131

Profit for the year

-

37,799

Financial information in relation to the subsidiary`s year ended 31 December 2014 is provided above as the

figures for the year ended 31 December 2015 are not available.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

€

1,000

Ordinary

£1

1,217