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REGISTERED NUMBER: 03112577 (England and Wales)






Prious Two Limited

Financial Statements

for the Year Ended 31 December 2016






Prious Two Limited (Registered number: 03112577)

Contents of the Financial Statements
for the year ended 31 December 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Prious Two Limited

Company Information
for the year ended 31 December 2016







DIRECTOR: Mr N Smillie





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 03112577 (England and Wales)





ACCOUNTANTS: Jolliffe Cork LLP
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Prious Two Limited (Registered number: 03112577)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 3 288,067 288,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,067

288,067

CAPITAL AND RESERVES
Called up share capital 4 52,702 52,702
Share premium 5 547,431 547,431
Retained earnings 5 (312,066 ) (312,066 )
SHAREHOLDERS' FUNDS 288,067 288,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 director on 18 September 2017 and were signed by:





Mr N Smillie - Director


Prious Two Limited (Registered number: 03112577)

Notes to the Financial Statements
for the year ended 31 December 2016


1. STATUTORY INFORMATION

Prious Two 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year that the company has presented its results under FRS 102. The last financial statements
prepared and submitted to Companies House under the previous UKGAAP were for the year ended 31
December 2015. The date of transition to FRS 102 was 1 January 2015 and there were no adjustments arising as
a result of the transition from the previous UKGAAP to FRS 102.

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.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Amounts owed by group undertakings 288,067 288,067

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
52,702 Ordinary £1 52,702 52,702

Prious Two Limited (Registered number: 03112577)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


5. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2016 (312,066 ) 547,431 235,365
Profit for the year - -
At 31 December 2016 (312,066 ) 547,431 235,365

6. RELATED PARTY DISCLOSURES

The company was under the control of the director throughout the current and previous period.

The amounts due from group undertaking is in respect of the parent company.