Portabella CF11 Limited Filleted accounts for Companies House (small and micro)

Portabella CF11 Limited Filleted accounts for Companies House (small and micro)

PORTABELLA CF11 LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11871582
Portabella CF11 Limited
Filleted Unaudited Financial Statements
30 September 2019
Portabella CF11 Limited
Statement of Financial Position
30 September 2019
30 Sep 19
Note
£
£
Current assets
Stocks
2,237,196
Debtors
4
9,067
Cash at bank and in hand
2,037,569
------------
4,283,832
Creditors: amounts falling due within one year
5
2,284,724
------------
Net current assets
1,999,108
------------
Total assets less current liabilities
1,999,108
Creditors: amounts falling due after more than one year
6
2,000,000
------------
Net liabilities
( 892)
------------
Capital and reserves
Called up share capital
100
Profit and loss account
( 992)
----
Shareholders deficit
( 892)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Portabella CF11 Limited
Statement of Financial Position (continued)
30 September 2019
These financial statements were approved by the board of directors and authorised for issue on 21 May 2020 , and are signed on behalf of the board by:
Mr D.H. Loosemore
Director
Company registration number: 11871582
Portabella CF11 Limited
Notes to the Financial Statements
Period from 9 March 2019 to 30 September 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nickel Yard, Bakers Row, Cardiff, CF10 1AL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
30 Sep 19
£
Other debtors
9,067
-------
5. Creditors: amounts falling due within one year
30 Sep 19
£
Trade creditors
2,021,274
Other creditors
263,450
------------
2,284,724
------------
6. Creditors: amounts falling due after more than one year
30 Sep 19
£
Bank loans and overdrafts
2,000,000
------------