MJP Elite Studios Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05214488 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

MJP Elite Studios Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M J Price

REGISTERED OFFICE:

The Old Chapel

Coltsgate Hill

Ripon

North Yorkshire

HG4 2AB

REGISTERED NUMBER:

05214488 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

Lishman Chambers

12 Princes Square

Harrogate

North Yorkshire

HG1 1LY

FIXED ASSETS

Tangible assets

2

145

181

Capital in LLP

3

-

170,021

145

170,202

CURRENT ASSETS

Debtors

900

-

Investments

112,000

Cash at bank

6,296

-

119,196

112,000

CREDITORS

Amounts falling due within one year

266,989

466,959

NET CURRENT LIABILITIES

(147,793

)

(354,959

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(147,648

)

(184,757

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(147,649

)

(184,758

)

SHAREHOLDERS' FUNDS

(147,648

)

(184,757

)

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

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

M J Price - 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).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

2,100

DEPRECIATION

At 1 September 2015

1,919

Charge for year

36

At 31 August 2016

1,955

NET BOOK VALUE

At 31 August 2016

145

At 31 August 2015

181

3.	CAPITAL IN LLP

Investments

other

than

loans

£

COST

At 1 September 2015

170,021

Disposals

(170,021

)

At 31 August 2016

-

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

170,021

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

1