Portslade-By-Sea (Investments) Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 00557595

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023

FOR

PORTSLADE-BY-SEA (INVESTMENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

J F Cross

J Rumball

REGISTERED OFFICE:

44 Grand Parade

Brighton

BN2 9QA

REGISTERED NUMBER:

00557595

ACCOUNTANTS:

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

FIXED ASSETS

Tangible assets

4

226,963

226,963

CURRENT ASSETS

Stocks

3,815

3,815

Debtors

5

11,299

12,603

Cash at bank

88,952

83,004

104,066

99,422

CREDITORS

Amounts falling due within one year

6

(40,547

)

(39,456

)

NET CURRENT ASSETS

63,519

59,966

TOTAL ASSETS LESS CURRENT LIABILITIES

290,482

286,929

CAPITAL AND RESERVES

Called up share capital

18,200

18,200

Revaluation reserve

7

187,781

187,781

Retained earnings

84,501

80,948

SHAREHOLDERS' FUNDS

290,482

286,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th August 2023 and were signed on its behalf by:

J Rumball - Director

J F Cross - Director

1.	STATUTORY INFORMATION

Portslade-By-Sea (Investments) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 6th April 2022

and 5th April 2023

226,963

NET BOOK VALUE

At 5th April 2023

226,963

At 5th April 2022

226,963

On a historical cost basis, investment properties would have been included in the accounts at £39,182 (2022: £39,182).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

11,299

12,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,029

822

Taxation and social security

10,221

10,169

Other creditors

29,297

28,465

40,547

39,456

7.

RESERVES

Revaluation

reserve

£

At 6th April 2022

and 5th April 2023

187,781

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 2023 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portslade-By-Sea (Investments) Limited 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.

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

24th August 2023