Porch Investments Limited - Abbreviated accounts

Porch Investments Limited - Abbreviated accounts

PORCH INVESTMENTS LIMITED - Company Information

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Registered number
05895917
Porch Investments Limited
Report and Accounts
31 August 2021
Porch Investments Limited
Balance Sheet
as at 31 August 2021
2021 2020
£ £
Fixed assets 441,000 450,800
Current assets 20,997 2,885
20,997 2,885
Creditors: amounts falling due within one year (11,698) (9,058)
Net current assets/(liabilities) 9,299 (6,173)
Total assets less current liabilities 450,299 444,627
Accruals and deferred income (720) -
Net assets 449,579 444,627
Capital and reserves 449,579 444,627
The director controls the company.

During the year the company paid £312 (2020 : £252) to S Porch for use of home as office.

During the year S Porch had a director's loan account with the company. The loan is interest free and there are no fixed terms of repayment. The balance outstanding at the balance sheet date was £1,086 [owed to the company] (2020 : £43.47 [owed to S Porch]) and the maximum balance outstanding during the year was £-43.47 (2020 : £xxx).

To the extent that any part of the loan remains outstanding by 31 May 2022 the company would be required to pay 32.5% tax, subsequently recoverable on the repayment of the loan.
During the period there was 1 employee of the company.
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered.
The company's registered office is at SUITE 1 SECOND FLOOR EVERDENE HOUSE, DEANSLEIGH ROAD, BOURNEMOUTH, 0, BH7 7DU.
S Porch
Director
Approved by the board on 23 May 2022
Porch Investments Limited 05895917 false 2020-09-01 2021-08-31 2021-08-31 VT Final Accounts January 2021 S Porch No description of principal activity 05895917 2020-09-01 2021-08-31 05895917 bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 05895917 bus:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 05895917 bus:Director40 2020-09-01 2021-08-31 05895917 bus:Micro-entities 2020-09-01 2021-08-31 05895917 bus:FullAccounts 2020-09-01 2021-08-31 05895917 2021-08-31 05895917 2020-08-31 iso4217:GBP xbrli:pure