Pryda Recordings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05570119 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

PRYDA RECORDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E S Prydz

SECRETARY:

M A Sershall

REGISTERED OFFICE:

White Hart House

Silwood Road

Ascot

Berkshire

SL5 0PY

REGISTERED NUMBER:

05570119 (England and Wales)

ACCOUNTANTS:

Wentworths & Associates Limited

White Hart House

Silwood Road

Ascot

Berkshire

SL5 0PY

FIXED ASSETS

Tangible assets

2

8,681

13,022

CURRENT ASSETS

Debtors

59,699

75,991

Cash at bank

64,412

26,126

124,111

102,117

CREDITORS

Amounts falling due within one year

15,881

20,209

NET CURRENT ASSETS

108,230

81,908

TOTAL ASSETS LESS CURRENT
LIABILITIES

116,911

94,930

PROVISIONS FOR LIABILITIES

1,736

2,604

NET ASSETS

115,175

92,326

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

115,174

92,325

SHAREHOLDERS' FUNDS

115,175

92,326

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 26 June 2017 and were signed by:

E S Prydz - 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

Revenue, described as turnover, represents the net value of sales earned by the company in the financial year,

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.

Office equipment

-

25% on cost

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

and 30 September 2016

19,309

DEPRECIATION

At 1 October 2015

6,287

Charge for year

4,341

At 30 September 2016

10,628

NET BOOK VALUE

At 30 September 2016

8,681

At 30 September 2015

13,022

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

4.	ULTIMATE PARENT COMPANY

Farolena Limited (incorporated in Cyprus ) is regarded by the director as being the company's ultimate parent

company.