ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PORTREALM LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-09-302021-09-302021-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false02020-10-01false0 01716542 2020-10-01 2021-09-30 01716542 2019-10-01 2020-09-30 01716542 2021-09-30 01716542 2020-09-30 01716542 c:Director1 2020-10-01 2021-09-30 01716542 c:Director2 2020-10-01 2021-09-30 01716542 c:Director4 2020-10-01 2021-09-30 01716542 c:RegisteredOffice 2020-10-01 2021-09-30 01716542 d:CurrentFinancialInstruments 2021-09-30 01716542 d:CurrentFinancialInstruments 2020-09-30 01716542 c:Micro-entities 2020-10-01 2021-09-30 01716542 c:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 01716542 c:FullAccounts 2020-10-01 2021-09-30 01716542 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 01716542









PORTREALM LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021
 
PORTREALM LIMITED
 
 
COMPANY INFORMATION


Directors
J E Friend 
F F Priori 
A C Clarke 




Registered number
01716542



Registered office
Gibson Appleby
1-3 Ship Street

Shoreham-by-Sea

West Sussex

BN43 5DH




Accountants
Gibson Appleby
Chartered Accountants

1-3 Ship Street

Shoreham-by-Sea

West Sussex

BN43 5DH




 
PORTREALM LIMITED
 

CONTENTS



Page
Directors' report
1
Accountants' report
2
Income statement
3
Statement of financial position
4

 
PORTREALM LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2021

The directors present their report and the financial statements for the year ended 30 September 2021.

Principal activity

The principal activity of the company is to act as the service manager of the flats known as 26-27 Egerton
Crescent, London SW3 2EB on a non profit basis. The whole of the service and management expenses are
recoverable from the lessees in accordance with the terms of their respective leases.

Review of activities

The company acts as trustee in respect of service charge monies collected in connection with the above
property. In accordance with recommendations from ARMA (Association of Residential Managing Agents), the
service charge monies are excluded from the accounts as the company acts only in a trustee capacity in this
connection. Separate service charge accounts are prepared and certified.

Directors

The directors who served during the year were:

J E Friend 
F F Priori 
A C Clarke 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
A C Clarke
Director

Date: 15 February 2022

Page 1
 
PORTREALM LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PORTREALM LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portrealm Limited for the year ended 30 September 2021 which comprise the Income statement, the Statement of financial position 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Portrealm Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Portrealm Limited  and state those matters that we have agreed to state to the Board of directors of Portrealm Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portrealm Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Portrealm 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 loss of Portrealm Limited. You consider that Portrealm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Portrealm 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.

  



Gibson Appleby
 
Chartered Accountants
  
1-3 Ship Street
Shoreham-by-Sea
West Sussex
BN43 5DH
15 February 2022
Page 2
 
PORTREALM LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2021
2020
£
£

Turnover
  
120
670

Expenditure
  
(798)
(798)

Loss
  
(678)
(128)

Page 3
 
PORTREALM LIMITED
REGISTERED NUMBER: 01716542

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021

2021
2020
£
£


Fixed assets
4,401
4,401

Current assets
10,115
11,149

Creditors: amounts falling due within one year
(1,941)
(2,297)

Net current assets
 
 
8,174
 
 
8,852

Total assets less current liabilities
12,575
13,253


Net assets
12,575
13,253



Capital and reserves
12,575
13,253


Notes


General information

Portrealm Limited is a private company limited by shares, incorporated in England and Wales. Its registered
office is Gibson Appleby, 1-3 Ship Street, Shoreham-by-Sea, West Sussex, BN43 5DH.


Average number of employees

The average monthly number of employees, including directors, during the year was 0 (2020 - 0).


Directors' confirmations

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
A C Clarke
Director
Date: 15 February 2022

 
Page 4