Portgrove Estates Limited - Accounts to registrar - small 17.2

Portgrove Estates Limited - Accounts to registrar - small 17.2

PORTGROVE ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 10052790 (England and Wales)















PORTGROVE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MARCH 2016 TO 31 MARCH 2017






PORTGROVE ESTATES LIMITED (REGISTERED NUMBER: 10052790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 MARCH 2016 TO 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PORTGROVE ESTATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 9 MARCH 2016 TO 31 MARCH 2017







DIRECTOR: J E K Davies





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 10052790 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
79 College Road
Harrow
HA1 1BD
Page 1
PORTGROVE ESTATES LIMITED (REGISTERED NUMBER: 10052790)

BALANCE SHEET
31 MARCH 2017

Notes £    £   
FIXED ASSETS
Investment property 3 169,112

CURRENT ASSETS
Debtors 4 3,172
Cash at bank 5,403
8,575
CREDITORS
Amounts falling due within one year 5 74,960
NET CURRENT LIABILITIES (66,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
102,727

CREDITORS
Amounts falling due after more than one
year
6
102,465
NET ASSETS 262

CAPITAL AND RESERVES
Called up share capital 8 10
Retained earnings 252
SHAREHOLDERS' FUNDS 10 262

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 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 3 November 2017 and were signed by:





J E K Davies - Director


The notes form part of these financial statements

Page 2
PORTGROVE ESTATES LIMITED (REGISTERED NUMBER: 10052790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 MARCH 2016 TO 31 MARCH 2017


1. STATUTORY INFORMATION

Portgrove Estates 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.

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.

Taxation
Taxation for the period 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 period 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.

Going concern
The financial statements have been prepared on a going concern basis, as the director has confirmed that funds
will continue to be made available for the company to meet its day-to-day commitments for the foreseeable
future. The financial statements do not include any adjustments that may result from the withdrawal of this
support and the director is of the opinion that the going concern concept is therefore appropriate to the
preparation of these financial statements.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 169,112
At 31 March 2017 169,112
NET BOOK VALUE
At 31 March 2017 169,112

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,000
Other debtors 172
3,172

Page 3
PORTGROVE ESTATES LIMITED (REGISTERED NUMBER: 10052790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 MARCH 2016 TO 31 MARCH 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,227
Taxation and social security 63
Other creditors 73,670
74,960

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 102,465

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 102,465

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 102,465

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary A 1 10

9. RELATED PARTY DISCLOSURES

Mr J E K Davies has a material interest in Earl Kendrick Associates Limited.

During the year, the company Earl Kendrick Associates Limited provided funds for the purchase of investment
property of Portgrove Estates Limited amounting to £72,710.

At the year end the amount due to Earl Kendrick Associates Limited was £72,710 and is included in other
creditors.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
£   
Profit for the financial period 252
New share capital subscribed 10
Net addition to shareholders' funds 262
Opening shareholders' funds -
Closing shareholders' funds 262
Equity interests 262

Page 4