Promus Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06292223 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

PROMUS ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N J Butler

Mrs R A Hughes

SECRETARY:

Mrs R A Hughes

REGISTERED OFFICE:

Sundial House

98 High Street

Horsell

Woking

Surrey

GU21 4SU

REGISTERED NUMBER:

06292223 (England and Wales)

ACCOUNTANTS:

Hamlyns LLP

Chartered Accountants

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

FIXED ASSETS

Tangible assets

2

7,298

4,530

Investments

3

35,035

35,035

42,333

39,565

CURRENT ASSETS

Debtors

15,215

-

Cash at bank

165,692

219,163

180,907

219,163

CREDITORS

Amounts falling due within one year

64,635

40,896

NET CURRENT ASSETS

116,272

178,267

TOTAL ASSETS LESS CURRENT LIABILITIES

158,605

217,832

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

158,505

217,732

SHAREHOLDERS' FUNDS

158,605

217,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 November 2014 and were signed on its behalf by:

N J Butler - 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 April 2008).

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.

Fixtures & equipment

-

25% on reducing balance

Computer 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 April 2013

10,259

Additions

5,200

At 31 March 2014

15,459

DEPRECIATION

At 1 April 2013

5,729

Charge for year

2,432

At 31 March 2014

8,161

NET BOOK VALUE

At 31 March 2014

7,298

At 31 March 2013

4,530

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

25,035

NET BOOK VALUE

At 31 March 2014

25,035

At 31 March 2013

25,035

Loans

£

At 1 April 2013

and 31 March 2014

10,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owed by the company to Mr N J Butler amounting to £512. (2013 -

£354).