Registered number
09271780
55 PORTLAND PLACE LIMITED
Filleted Accounts
31 December 2021
55 PORTLAND PLACE LIMITED
Registered number: 09271780
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Investments 3 45,181 45,181
Current assets
Debtors 4 10,545 4,413
Cash at bank and in hand 215 -
10,760 4,413
Creditors: amounts falling due within one year 5 (10,360) (2,311)
Net current assets 400 2,102
Total assets less current liabilities 45,581 47,283
Creditors: amounts falling due after more than one year 6 (51,000) (51,000)
Net liabilities (5,419) (3,717)
Capital and reserves
Called up share capital 17 17
Profit and loss account (5,436) (3,734)
Shareholders' funds (5,419) (3,717)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Fingleton
Director
Approved by the board on 12 September 2022
55 PORTLAND PLACE LIMITED
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of ground rent and licenses to tenants.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 January 2021 45,181
At 31 December 2021 45,181
4 Debtors 2021 2020
£ £
Trade debtors 10,545 1,929
Other debtors - 2,484
10,545 4,413
5 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 10,360 2,311
6 Creditors: amounts falling due after one year 2021 2020
£ £
Other creditors 51,000 51,000
7 Other information
55 PORTLAND PLACE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Associates House
118A East Barnet Road
New Barnet
Hertfordshire
EN4 8RE
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