Portsmouth & District Private Landlords - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04444664 (England and Wales)

PORTSMOUTH & DISTRICT PRIVATE LANDLORDS

ASSOCIATION

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Clokie

M J Winfield

M P Silman

SECRETARY:

M R Drew

REGISTERED OFFICE:

214 Chichester Road

Portsmouth

Hampshire

PO2 0AX

REGISTERED NUMBER:

04444664 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

CURRENT ASSETS

Debtors

4

406

397

Cash at bank

66,378

66,526

66,784

66,923

CREDITORS

Amounts falling due within one year

5

1,130

1,102

NET CURRENT ASSETS

65,654

65,821

TOTAL ASSETS LESS CURRENT LIABILITIES

65,654

65,821

RESERVES

Income and expenditure account

65,654

65,821

65,654

65,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 July 2020 and were signed on its behalf by:

M J Winfield - Director

1.	STATUTORY INFORMATION

Portsmouth & District Private Landlords Association is a private company, limited by guarantee , 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.

Turnover

Turnover represents subscription and commission income from the activities noted in the report of the

directors, excluding value added tax.

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any

trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation

resulting from a past event that will probably result in the transfer of economic benefits to a third party and

the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions

are normally recognised at their settlement amount after allowing for any trade discounts due.

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 at the balance sheet date, except as

otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where

assets (other than goodwill) give rise to an deferred tax asset or liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

406

397

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

39

34

Other creditors

1,091

1,068

1,130

1,102

6.	COMPANY LIMITED BY GUARANTEE

Every member of the association undertakes to contribute such amount as may be required (not

exceeding £5) to the association's assets if it should be wound up whilst he or she is a member or within

one year after he or she ceases to be a member, for payment of the association's debts and liabilities

contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding

up.