Cine Parallel Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05222537 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Cine Parallel Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F Urschitz

SECRETARY:

F Urschitz

REGISTERED OFFICE:

2B Haddo Street

Greenwich

London

SE10 9RN

REGISTERED NUMBER:

05222537 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Tangible assets

2

1,839

756

CURRENT ASSETS

Debtors

1,997

213

Cash at bank and in hand

237

196

2,234

409

CREDITORS

Amounts falling due within one year

4,944

4,771

NET CURRENT LIABILITIES

(2,710

)

(4,362

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(871

)

(3,606

)

CREDITORS

Amounts falling due after more than one
year

27,327

25,878

NET LIABILITIES

(28,198

)

(29,484

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

(29,198

)

(30,484

)

SHAREHOLDERS' FUNDS

(28,198

)

(29,484

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 June 2017 and were signed by:

F Urschitz - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company's liabilities exceeded its assets by £28,198 (2015 - £29,484).

The company's working capital is provided by a loan from a director of £27,327, a third party loan

and a bank overdraft. As the director is not seeking immediate repayment of his loan and assuming

continued support from the other funders, the director has considered it appropriate to prepare these

accounts on a going concern basis.

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 services, 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.

Equipment

-

25% 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 October 2015

4,150

Additions

1,696

At 30 September 2016

5,846

DEPRECIATION

At 1 October 2015

3,394

Charge for year

613

At 30 September 2016

4,007

NET BOOK VALUE

At 30 September 2016

1,839

At 30 September 2015

756

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1,000

Ordinary

£1

1,000