Porter First Land Limited Filleted accounts for Companies House (small and micro)
Porter First Land Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI635739
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Financial Statements |
Year ended 31 March 2020
Contents |
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Officers and professional advisers |
1 |
Report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Northern Ireland |
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Accountants |
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Chartered accountants |
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Aisling House |
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50 Stranmillis Embankment |
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Belfast |
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BT9 5FL |
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Bankers |
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Market Square |
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Lisburn |
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BT28 1AG |
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Solicitors |
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2-14 East Bridge Street |
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Belfast |
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BT1 3NQ |
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Murray House |
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Murray Street |
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Belfast |
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BT1 6DN |
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2020
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Current assets
Stocks |
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Debtors |
4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current assets |
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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 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
3 March 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
NI635739
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Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 30 Lady Wallace Lane, Lisburn, BT28 3WT, Northern Ireland.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Stocks
Financial instruments
4.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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5.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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– |
Other creditors |
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6.
Related party transactions
Control The company is a wholly owned subsidiary of Porter Property Holdings Limited, a company incorporated in Northern Ireland. Mr W Porter is deemed the ultimate controlling party by virtue of his shareholding in Porter Property Holdings Limited. Transactions
The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
Mr William Porter is a director of Porter Carnreagh Limited
and Porter First Land Limited
. At the year end Porter Carnreagh Limited owed Porter First Land Limited
£ 20,000
. Mr William Porter is a director of North Lisburn Development Consortium Limited
and Porter First Land Limited
. At the year end Porter First Land Limited
owed North Lisburn Consortium Limited £ 5
.