Abbreviated Company Accounts - PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED

Abbreviated Company Accounts - PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED

PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED - Company Information

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Registered Number 05425222

PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED

Abbreviated Accounts

31 March 2015

PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED Registered Number 05425222

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 447,080 447,106
447,080 447,106
Current assets
Cash at bank and in hand 3,532 5,746
3,532 5,746
Creditors: amounts falling due within one year (69,633) (73,853)
Net current assets (liabilities) (66,101) (68,107)
Total assets less current liabilities 380,979 378,999
Creditors: amounts falling due after more than one year (252,016) (267,447)
Total net assets (liabilities) 128,963 111,552
Capital and reserves
Called up share capital 1 1
Profit and loss account 128,962 111,551
Shareholders' funds 128,963 111,552
  • For the year ending 31 March 2015 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 30 December 2015

And signed on their behalf by:
Ste Davies, Director

PORTLAND DEVELOPMENTS (NORTH EAST) LIMITED Registered Number 05425222

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

2Tangible fixed assets
£
Cost
At 1 April 2014 447,479
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 447,479
Depreciation
At 1 April 2014 373
Charge for the year 26
On disposals -
At 31 March 2015 399
Net book values
At 31 March 2015 447,080
At 31 March 2014 447,106