Portsmouth & District Private Landlords - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04444664 (England and Wales)

PORTSMOUTH & DISTRICT PRIVATE LANDLORDS

ASSOCIATION

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Clokie

M J Winfield

M P Silman

SECRETARY:

M R Drew

REGISTERED OFFICE:

214 Chichester Road

Portsmouth

Hampshire

PO2 0AX

REGISTERED NUMBER:

04444664 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

CURRENT ASSETS

Debtors

3

877

7,284

Cash at bank

57,291

51,423

58,168

58,707

CREDITORS

Amounts falling due within one year

4

1,058

991

NET CURRENT ASSETS

57,110

57,716

TOTAL ASSETS LESS CURRENT LIABILITIES

57,110

57,716

RESERVES

Income and expenditure account

57,110

57,716

57,110

57,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 surplus or deficit 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 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 Board of Directors on 21 August 2017 and were signed on its behalf by:

M J Winfield - Director

1.	STATUTORY INFORMATION

Portsmouth & District Private Landlords Association is a private company, limited by guarantee , 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.

This is the first year in which the financial statements have been prepared under FRS 102, the comparative prior

year amounts have not been restated, as no adjustments were necessary.

Turnover

Turnover represents subscription and commission income from the activities noted in the report of the directors,

excluding value added tax.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

877

7,284

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

38

-

Other creditors

1,020

991

1,058

991

5.	COMPANY LIMITED BY GUARANTEE

Every member of the association undertakes to contribute such amount as may be required (not exceeding £5)

to the association's assets if it should be wound up whilst he or she is a member or within one year after he or

she ceases to be a member, for payment of the association's debts and liabilities contracted before he or she

ceases to be a member, and of the costs, charges and expenses of winding up.