Portland Advisers Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07226699 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

PORTLAND ADVISERS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N J Flitterman

Mrs F M Bialokoz

Mr G D Knox

REGISTERED OFFICE:

62 The Street

Ashtead

Surrey

KT21 1AT

REGISTERED NUMBER:

07226699 (England and Wales)

ACCOUNTANTS:

David Beckman & Co Ltd

62 The Street

Ashtead

Surrey

KT21 1AT

BANKERS:

HSBC

103 Streatham Hill

Streatham

London

SW2 4UE

CURRENT ASSETS

Debtors

42,313

22,950

Cash at bank

162,206

140,693

204,519

163,643

CREDITORS

Amounts falling due within one year

16,140

15,803

NET CURRENT ASSETS

188,379

147,840

TOTAL ASSETS LESS CURRENT LIABILITIES

188,379

147,840

CAPITAL AND RESERVES

Called up share capital

2

160

160

Profit and loss account

188,219

147,680

SHAREHOLDERS' FUNDS

188,379

147,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 February 2016 and were signed on its behalf by:

Mr G D Knox - Director

Mrs F M Bialokoz - Director

Mr N J Flitterman - 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).

Turnover

Turnover represents the net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration based on the extent

to which work has been performed.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

150

"A" Ordinary voting

£1

150

150

10

"B" Ordinary voting

£1

10

10

160

160

Any dividend payable on any class of share may be decided at the discretion of the company, may vary from time

to time and may be payable on one class of share only or any classes of shares as may be.

Save as aforesaid, the Class "A" and "B" Ordinary voting shares rank pari passu with each other in every respect.

3.	ULTIMATE CONTROLLING PARTY