Abbreviated Company Accounts - PORTLAND PROPERTY INVESTMENTS LIMITED

PORTLAND PROPERTY INVESTMENTS LIMITED - Company Information

05345826 PORTLAND PROPERTY INVESTMENTS LIMITED 2014-11-30 false 2013-12-01 2014-11-30 true 05345826 2013-12-01 2014-11-30 05345826 2014-11-30 05345826 2013-11-30 05345826 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 05345826 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-11-30 iso4217:GBP shares

Registered Number 05345826

PORTLAND PROPERTY INVESTMENTS LIMITED

Abbreviated Accounts

30 November 2014

PORTLAND PROPERTY INVESTMENTS LIMITED Registered Number 05345826

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	546	726
		546	726
Current assets
Stocks		1,925,250	1,925,250
Debtors		971	1,343
Cash at bank and in hand		1,927	4,026
		1,928,148	1,930,619
Creditors: amounts falling due within one year		(2,372,660)	(2,375,048)
Net current assets (liabilities)		(444,512)	(444,429)
Total assets less current liabilities		(443,966)	(443,703)
Total net assets (liabilities)		(443,966)	(443,703)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(444,066)	(443,803)
Shareholders' funds		(443,966)	(443,703)

For the year ending 30 November 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 24 August 2015

And signed on their behalf by:
J.E. Ashfield, Director

PORTLAND PROPERTY INVESTMENTS LIMITED Registered Number 05345826

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write oo each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance.

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 December 2013	5,345
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	5,345
Depreciation
At 1 December 2013	4,619
Charge for the year	180
On disposals	-
At 30 November 2014	4,799
Net book values
At 30 November 2014	546
At 30 November 2013	726

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

	2014 £	2013 £
50 A Ordinary shares of £1 each	50	50
30 B Ordinary shares of £1 each	30	30
20 C Ordinary shares of £1 each	20	20