Abbreviated Company Accounts - PORTLAND INVESTMENT PROPERTIES LIMITED

PORTLAND INVESTMENT PROPERTIES LIMITED - Company Information

05973507 PORTLAND INVESTMENT PROPERTIES LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 05973507 2015-11-01 2016-10-31 05973507 2016-10-31 05973507 2015-10-31 05973507 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 05973507 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 05973507

PORTLAND INVESTMENT PROPERTIES LIMITED

Abbreviated Accounts

31 October 2016

PORTLAND INVESTMENT PROPERTIES LIMITED Registered Number 05973507

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	123,658	126,158
		123,658	126,158
Current assets
Debtors		22	1,690
Cash at bank and in hand		65	418
		87	2,108
Creditors: amounts falling due within one year		(13,484)	(17,139)
Net current assets (liabilities)		(13,397)	(15,031)
Total assets less current liabilities		110,261	111,127
Creditors: amounts falling due after more than one year		(40,474)	(46,748)
Total net assets (liabilities)		69,787	64,379
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		69,687	64,279
Shareholders' funds		69,787	64,379

For the year ending 31 October 2016 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 28 July 2017

And signed on their behalf by:
S Crosby, Director

PORTLAND INVESTMENT PROPERTIES LIMITED Registered Number 05973507

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoiced value, excluding value added tax, of sales made during the year
and derives from the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Land and buildings - Not depreciated

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 November 2015	126,158
Additions	-
Disposals	(2,500)
Revaluations	-
Transfers	-
At 31 October 2016	123,658
Depreciation
At 1 November 2015	-
Charge for the year	-
On disposals	-
At 31 October 2016	-
Net book values
At 31 October 2016	123,658
At 31 October 2015	126,158

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100