Portslade By Sea (Investments) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00557595

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2015

FOR

PORTSLADE BY SEA (INVESTMENTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

Mrs J F Cross

J Rumball

SECRETARY:

Mrs J F Cross

REGISTERED OFFICE:

8 The Drive

Hove

East Sussex

BN3 3JT

REGISTERED NUMBER:

00557595

ACCOUNTANTS:

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

FIXED ASSETS

Tangible assets

2

226,963

226,963

CURRENT ASSETS

Stocks

3,815

3,815

Debtors

3,194

2,046

Cash at bank

70,064

73,522

77,073

79,383

CREDITORS

Amounts falling due within one year

11,822

13,275

NET CURRENT ASSETS

65,251

66,108

TOTAL ASSETS LESS CURRENT LIABILITIES

292,214

293,071

CAPITAL AND RESERVES

Called up share capital

3

18,200

18,200

Revaluation reserve

187,781

187,781

Profit and loss account

86,233

87,090

SHAREHOLDERS' FUNDS

292,214

293,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2015 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 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th August 2015 and were signed on its behalf by:

J Rumball - Director

Mrs J F Cross - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Investment properties

The properties have not been revalued in accordance with Statement of Standard Accounting Practice No. 19 as

the directors do not feel that the costs of obtaining valuations are justified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2014

and 5th April 2015

226,963

NET BOOK VALUE

At 5th April 2015

226,963

At 5th April 2014

226,963

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

4,000

Ordinary

5p

200

200

18,000

Ordinary 'A'

£1

18,000

18,000

18,200

18,200

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Portslade By Sea (Investments) Limited for the year ended 5th April 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Portslade By Sea (Investments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Portslade By Sea (Investments) Limited and state those matters that we have agreed to state to the Board of Directors of Portslade By Sea (Investments) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Portslade By Sea (Investments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Portslade By Sea (Investments) Limited. You consider that Portslade By Sea (Investments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Portslade By Sea

(Investments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

21st August 2015