Abbreviated Company Accounts - PORTLAND MANAGEMENT (UK) LIMITED

PORTLAND MANAGEMENT (UK) LIMITED - Company Information

04295161 PORTLAND MANAGEMENT (UK) LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 04295161 2013-10-01 2014-09-30 04295161 2014-09-30 04295161 2013-09-30 04295161 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 04295161 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 04295161

PORTLAND MANAGEMENT (UK) LIMITED

Abbreviated Accounts

30 September 2014

PORTLAND MANAGEMENT (UK) LIMITED Registered Number 04295161

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	201,318	201,551
		201,318	201,551
Current assets
Debtors		191,686	191,211
Cash at bank and in hand		5,137	2,573
		196,823	193,784
Creditors: amounts falling due within one year		(133,389)	(113,886)
Net current assets (liabilities)		63,434	79,898
Total assets less current liabilities		264,752	281,449
Creditors: amounts falling due after more than one year		(188,776)	(197,040)
Total net assets (liabilities)		75,976	84,409
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		140,005	140,005
Profit and loss account		(64,129)	(55,696)
Shareholders' funds		75,976	84,409

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2015

And signed on their behalf by:
N. Gooch, Director

PORTLAND MANAGEMENT (UK) LIMITED Registered Number 04295161

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the rental income invoiced by the company

Tangible assets depreciation policy
Depreciation is calculated to write down the cost of all tangible fixed assets except Freehold Property at the following annual rate:-
Equipment and Furniture 15% reducing balance

In accordance with SSAP 19, the company has not provided for any depreciation on the investment property. The property has been stated at its market value.

2Tangible fixed assets

	£
Cost
At 1 October 2013	205,937
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	205,937
Depreciation
At 1 October 2013	4,386
Charge for the year	233
On disposals	-
At 30 September 2014	4,619
Net book values
At 30 September 2014	201,318
At 30 September 2013	201,551

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100