Portland Hill Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02407031 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Portland Hill Associates Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Mohammadian

REGISTERED OFFICE:

925 Finchley Road

London

NW11 7PE

REGISTERED NUMBER:

02407031 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,054

2,054

CURRENT ASSETS

Debtors

1,178

1,050

Cash at bank

477

965

1,655

2,015

CREDITORS

Amounts falling due within one year

105,543

107,086

NET CURRENT LIABILITIES

(103,888

)

(105,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(101,834

)

(103,017

)

CAPITAL AND RESERVES

Called up share capital

13,600

13,600

Retained earnings

(115,434

)

(116,617

)

SHAREHOLDERS' FUNDS

(101,834

)

(103,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2019 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 and authorised for issue on 24 December 2020 and were signed by:

S Mohammadian - Director

1.	STATUTORY INFORMATION

Portland Hill Associates 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced commissions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and building - No depreciation provided

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

and 31 December 2019

2,054

NET BOOK VALUE

At 31 December 2019

2,054

At 31 December 2018

2,054

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is Portland Hill Group Limited.