Portland Hill Design & Management Ltd - Abbreviated accounts 16.1

Portland Hill Design & Management Ltd - Abbreviated accounts 16.1

PORTLAND HILL DESIGN & MANAGEMENT LTD - Company Information

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REGISTERED NUMBER: 02833666 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Portland Hill Design & Management Ltd

Portland Hill Design & Management Ltd (Registered number: 02833666)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Portland Hill Design & Management Ltd (Registered number: 02833666)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 17,356 22,813
17,356 22,813

CURRENT ASSETS
Debtors 220,047 174,249
Cash at bank and in hand 7,060 8,867
227,107 183,116
CREDITORS
Amounts falling due within one year 21,850 29,765
NET CURRENT ASSETS 205,257 153,351
TOTAL ASSETS LESS CURRENT
LIABILITIES
222,613
176,164

CAPITAL AND RESERVES
Called up share capital 4 150,000 150,000
Profit and loss account 72,613 26,164
SHAREHOLDERS' FUNDS 222,613 176,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 September 2016 and were signed by:





S Mohammadian - Director


The notes form part of these abbreviated accounts

Page 1
Portland Hill Design & Management Ltd (Registered number: 02833666)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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 January 2015).

Turnover
Turnover represents retail concession income, commission from estate agency activities and construction
services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.


Plant and Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
Fixtures and Fittings 7.25% on straight line

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs are
recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity
at the balance sheet date ("percentage-of-completion method"). When the outcome of a construction contract
cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that are likely
to be recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected
loss is recognised as an expense immediately.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 15,000
AMORTISATION
At 1 January 2015
and 31 December 2015 15,000
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Page 2 continued...
Portland Hill Design & Management Ltd (Registered number: 02833666)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 74,494
DEPRECIATION
At 1 January 2015 51,681
Charge for year 5,457
At 31 December 2015 57,138
NET BOOK VALUE
At 31 December 2015 17,356
At 31 December 2014 22,813

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
150,000 Ordinary £1 150,000 150,000

5. ULTIMATE PARENT COMPANY

Portland Hill Group Limited is regarded by the director as being the company's ultimate parent company.

Page 3