Porthold Limited - Accounts to registrar - small 16.3d

Porthold Limited - Accounts to registrar - small 16.3d

PORTHOLD LIMITED - Company Information

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REGISTERED NUMBER: 08277527 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PORTHOLD LIMITED

PORTHOLD LIMITED (REGISTERED NUMBER: 08277527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: J Fried





REGISTERED OFFICE: 15 Woodlands
London
NW11 9QJ





REGISTERED NUMBER: 08277527 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
PORTHOLD LIMITED (REGISTERED NUMBER: 08277527)

BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 530,189 530,189

CURRENT ASSETS
Debtors 4 79,531 73,281
Cash at bank 4,493 5,297
84,024 78,578
CREDITORS
Amounts falling due within one year 5 77,248 71,294
NET CURRENT ASSETS 6,776 7,284
TOTAL ASSETS LESS CURRENT
LIABILITIES
536,965
537,473

CREDITORS
Amounts falling due after more than one
year
6
510,980
520,110
NET ASSETS 25,985 17,363

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,984 17,362
SHAREHOLDERS' FUNDS 25,985 17,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 notes form part of these financial statements

Page 2 continued...
PORTHOLD LIMITED (REGISTERED NUMBER: 08277527)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 21 March 2017 and were signed by:





J Fried - Director


The notes form part of these financial statements

Page 3
PORTHOLD LIMITED (REGISTERED NUMBER: 08277527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Porthold Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Investment properties depreciation
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy
results in the financial statements giving true and fair view.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016
and 31 December 2016 530,189
NET BOOK VALUE
At 31 December 2016 530,189
At 31 December 2015 530,189

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 1,841 1,841
Other debtors 77,690 71,440
79,531 73,281

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Taxation and social security 6,505 4,350
Other creditors 70,743 66,944
77,248 71,294

Page 4 continued...
PORTHOLD LIMITED (REGISTERED NUMBER: 08277527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Bank loans 303,286 312,416
Other creditors 207,694 207,694
510,980 520,110

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 207,694 207,694

Repayable by instalments
Bank loans more 5 yr by instal 303,286 312,416

7. ULTIMATE CONTROLLING PARTY

The controlling party is J Fried.

Page 5