Pridetime Ltd - Accounts to registrar (filleted) - small 18.2

Pridetime Ltd - Accounts to registrar (filleted) - small 18.2

PRIDETIME LTD - Company Information

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REGISTERED NUMBER: 05290188 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

PRIDETIME LTD
PRIDETIME LTD (REGISTERED NUMBER: 05290188)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


PRIDETIME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTOR: J Herzka





SECRETARY: A Freund





REGISTERED OFFICE: 56 Chardmore Road
London
London
N16 6JH





REGISTERED NUMBER: 05290188 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 APRIL 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,490 1,753
Investment property 4 450,000 450,000
451,490 451,753

CURRENT ASSETS
Debtors 33,125 33,125
Cash at bank 13,929 12,674
47,054 45,799
CREDITORS
Amounts falling due within one year 6,096 3,196
NET CURRENT ASSETS 40,958 42,603
TOTAL ASSETS LESS CURRENT
LIABILITIES
492,448
494,356

CREDITORS
Amounts falling due after more than one year 5 252,503 252,503
NET ASSETS 239,945 241,853

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 161,996 161,996
Retained earnings 77,948 79,856
SHAREHOLDERS' FUNDS 239,945 241,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 notes form part of these financial statements

Page 2 continued...
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2018


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 6 August 2018 and were signed by:





J Herzka - Director


The notes form part of these financial statements

Page 3
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1. STATUTORY INFORMATION

Pridetime Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Changes in accounting policies
The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.
Accordingly the date of transition to FRS 102 was 1 January 2015 (beginning of the accounting period of
comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and the
previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective
January 2015)).

Turnover
Turnover represents net rent receivable, 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 and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
PRIDETIME LTD (REGISTERED NUMBER: 05290188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2017
and 30 April 2018 10,879
DEPRECIATION
At 1 May 2017 9,126
Charge for year 263
At 30 April 2018 9,389
NET BOOK VALUE
At 30 April 2018 1,490
At 30 April 2017 1,753

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2017
and 30 April 2018 450,000
NET BOOK VALUE
At 30 April 2018 450,000
At 30 April 2017 450,000

Fair value at 30 April 2018 is represented by:

£   
Valuation in 2016 91,996
Valuation in 2017 70,000
Cost 288,004
450,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.4.18 30.4.17
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 252,503 252,503

6. RESERVES
Revaluation
reserve
£   
At 1 May 2017
and 30 April 2018 161,996

Page 5