Perora Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08987908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

PERORA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mervyn Howard

Merle Howard

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

08987908 (England and Wales)

ACCOUNTANTS:

Defries Weiss (Accountants) Limited

311 Ballards Lane

London

N12 8LY

FIXED ASSETS

Tangible assets

4

1,448

1,298

CURRENT ASSETS

Debtors

5

826

427

Cash at bank

49,701

60,367

50,527

60,794

CREDITORS

Amounts falling due within one year

6

23,797

20,596

NET CURRENT ASSETS

26,730

40,198

TOTAL ASSETS LESS CURRENT LIABILITIES

28,178

41,496

PROVISIONS FOR LIABILITIES

209

161

NET ASSETS

27,969

41,335

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

27,968

41,334

SHAREHOLDERS' FUNDS

27,969

41,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 September 2017 and were signed on its behalf by:

Mervyn Howard - Director

1.	STATUTORY INFORMATION

Perora Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" ("FRS 102") and the Companies Act 2006. The financial statements have been prepared under the

historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at 33% on reducing balance in order to write off computer equipment over its estimated

useful life.

Financial instruments

Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and

amounts with related parties are initially recognised at transaction price and are subsequently carried at

amortised cost using the effective interest method unless the arrangements constitutes a financing transaction,

where the transaction is measured at the present value of the future receipts discounted at a market rate of

interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or

deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using tax

rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to

the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to

the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

2,497

Additions

656

At 30 April 2017

3,153

DEPRECIATION

At 1 May 2016

1,199

Charge for year

506

At 30 April 2017

1,705

NET BOOK VALUE

At 30 April 2017

1,448

At 30 April 2016

1,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

826

427

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

1

1

Amount owed to participating interest

-

1,101

Taxation and social security

20,072

16,067

Sundry creditors

3,724

3,427

23,797

20,596

7.	FIRST YEAR ADOPTION OF FRS 102

The company has adopted the FRS 102 accounting standard for the first time. A provision for deferred tax has

been included this year as it is a requirement of FRS 102. A transitional adjustment has been made for a deferred

tax provision as at 30 April 2016, as a result of which the comparatives are restated as follows:

Reconciliation of equity

At 30.4.16

£

Capital and reserves (as previously stated)

41,497

Deferred tax on tangible fixed assets

(161

)

41,335

Reconciliation of profit/(loss)

Profit for the year (as previously stated)

52,136

Deferred tax on tangible fixed assets

(161

)

Profit for the year (as restated)

51,975