Portbannis Commercial Ltd
Portbannis Commercial Ltd
Registered number: NI619793
Unaudited Financial Statements
For The Year Ended 31 August 2019
DNTCA Ltd
Chartered Accountants
Portbannis Commercial Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Portbannis Commercial Ltd
Balance Sheet
As at
31 August 2019
Balance Sheet
Registered number:
NI619793
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Revaluation reserve | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 479,627 | 268,817 | |||
Page 1
Portbannis Commercial Ltd
Balance Sheet (continued)
As at
31 August 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Portbannis Commercial Ltd
Notes to the Financial Statements
For The Year Ended 31 August 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2018: 3)
3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at |
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| Revaluation | 165,000 |
| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 3
Portbannis Commercial Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2019
4.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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6.
Share Capital
| 2019 | 2018 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at |
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| Surplus on revaluation |
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| As at |
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8.
General Information
Portbannis Commercial Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI619793 . The registered office is DNT Chartered Accountants, Ormeau House, 91 - 97 Ormeau Road, Belfast, BT7 1SH.
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