Portman Property Maintenance Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05351521 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Portman Property Maintenance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Collins

REGISTERED OFFICE:

Unit 2

6 Portman Road

Reading

Berkshire

RG30 1EA

REGISTERED NUMBER:

05351521 (England and Wales)

ACCOUNTANTS:

Richard Hopes Ltd

Bell House

Ashford Hill

Thatcham

Berkshire

RG19 8BB

FIXED ASSETS

Intangible assets

4

4,000

6,000

Tangible assets

5

2,800

4,200

6,800

10,200

CURRENT ASSETS

Debtors

6

16,848

32,974

Cash at bank

-

3,384

16,848

36,358

CREDITORS

Amounts falling due within one year

7

60,649

60,869

NET CURRENT LIABILITIES

(43,801

)

(24,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,001

)

(14,311

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(37,101

)

(14,411

)

SHAREHOLDERS' FUNDS

(37,001

)

(14,311

)

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 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 21 December 2017 and were signed by:

M J Collins - Director

1.	STATUTORY INFORMATION

Portman Property Maintenance Ltd 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 work done, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

10,000

AMORTISATION

At 1 April 2016

4,000

Charge for year

2,000

At 31 March 2017

6,000

NET BOOK VALUE

At 31 March 2017

4,000

At 31 March 2016

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

7,350

DEPRECIATION

At 1 April 2016

3,150

Charge for year

1,400

At 31 March 2017

4,550

NET BOOK VALUE

At 31 March 2017

2,800

At 31 March 2016

4,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

12,979

27,307

Other debtors

3,869

5,667

16,848

32,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,921

-

Trade creditors

7,690

2,758

Tax

-

878

Social security and other taxes

6,217

7,961

Other creditors

8,343

5,592

Directors' loan accounts

30,882

26,484

Accruals and deferred income

4,596

17,196

60,649

60,869

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Collins.