2022-02-012023-01-312023-01-31false12410841PORTLAND GROUP PROPERTIES LTD2023-10-31iso4217:GBPxbrli:pure124108412022-02-01124108412023-01-31124108412022-02-012023-01-31124108412021-02-01124108412022-01-31124108412021-02-012022-01-3112410841bus:SmallEntities2022-02-012023-01-3112410841bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3112410841bus:AbridgedAccounts2022-02-012023-01-3112410841bus:PrivateLimitedCompanyLtd2022-02-012023-01-3112410841core:WithinOneYear2023-01-3112410841core:AfterOneYear2023-01-3112410841core:WithinOneYear2022-01-3112410841core:AfterOneYear2022-01-3112410841core:ShareCapital2023-01-3112410841core:SharePremium2023-01-3112410841core:RevaluationReserve2023-01-3112410841core:OtherReservesSubtotal2023-01-3112410841core:RetainedEarningsAccumulatedLosses2023-01-3112410841core:ShareCapital2022-01-3112410841core:SharePremium2022-01-3112410841core:RevaluationReserve2022-01-3112410841core:OtherReservesSubtotal2022-01-3112410841core:RetainedEarningsAccumulatedLosses2022-01-3112410841core:LandBuildings2023-01-3112410841core:PlantMachinery2023-01-3112410841core:Vehicles2023-01-3112410841core:FurnitureFittings2023-01-3112410841core:OfficeEquipment2023-01-3112410841core:NetGoodwill2023-01-3112410841core:IntangibleAssetsOtherThanGoodwill2023-01-3112410841core:ListedExchangeTraded2023-01-3112410841core:UnlistedNon-exchangeTraded2023-01-3112410841core:LandBuildings2022-01-3112410841core:PlantMachinery2022-01-3112410841core:Vehicles2022-01-3112410841core:FurnitureFittings2022-01-3112410841core:OfficeEquipment2022-01-3112410841core:NetGoodwill2022-01-3112410841core:IntangibleAssetsOtherThanGoodwill2022-01-3112410841core:ListedExchangeTraded2022-01-3112410841core:UnlistedNon-exchangeTraded2022-01-3112410841core:LandBuildings2022-02-012023-01-3112410841core:PlantMachinery2022-02-012023-01-3112410841core:Vehicles2022-02-012023-01-3112410841core:FurnitureFittings2022-02-012023-01-3112410841core:OfficeEquipment2022-02-012023-01-3112410841core:NetGoodwill2022-02-012023-01-3112410841core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112410841core:ListedExchangeTraded2022-02-012023-01-3112410841core:UnlistedNon-exchangeTraded2022-02-012023-01-3112410841core:MoreThanFiveYears2022-02-012023-01-3112410841core:Non-currentFinancialInstruments2023-01-3112410841core:Non-currentFinancialInstruments2022-01-3112410841dpl:CostSales2022-02-012023-01-3112410841dpl:DistributionCosts2022-02-012023-01-3112410841dpl:AdministrativeExpenses2022-02-012023-01-3112410841core:LandBuildings2022-02-012023-01-3112410841core:PlantMachinery2022-02-012023-01-3112410841core:Vehicles2022-02-012023-01-3112410841core:FurnitureFittings2022-02-012023-01-3112410841core:OfficeEquipment2022-02-012023-01-3112410841core:NetGoodwill2022-02-012023-01-3112410841core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112410841dpl:GroupUndertakings2022-02-012023-01-3112410841dpl:ParticipatingInterests2022-02-012023-01-3112410841dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112410841core:ListedExchangeTraded2022-02-012023-01-3112410841dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112410841core:UnlistedNon-exchangeTraded2022-02-012023-01-3112410841dpl:CostSales2021-02-012022-01-3112410841dpl:DistributionCosts2021-02-012022-01-3112410841dpl:AdministrativeExpenses2021-02-012022-01-3112410841core:LandBuildings2021-02-012022-01-3112410841core:PlantMachinery2021-02-012022-01-3112410841core:Vehicles2021-02-012022-01-3112410841core:FurnitureFittings2021-02-012022-01-3112410841core:OfficeEquipment2021-02-012022-01-3112410841core:NetGoodwill2021-02-012022-01-3112410841core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3112410841dpl:GroupUndertakings2021-02-012022-01-3112410841dpl:ParticipatingInterests2021-02-012022-01-3112410841dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3112410841core:ListedExchangeTraded2021-02-012022-01-3112410841dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3112410841core:UnlistedNon-exchangeTraded2021-02-012022-01-3112410841core:NetGoodwill2023-01-3112410841core:IntangibleAssetsOtherThanGoodwill2023-01-3112410841core:LandBuildings2023-01-3112410841core:PlantMachinery2023-01-3112410841core:Vehicles2023-01-3112410841core:FurnitureFittings2023-01-3112410841core:OfficeEquipment2023-01-3112410841core:AfterOneYear2023-01-3112410841core:WithinOneYear2023-01-3112410841core:ListedExchangeTraded2023-01-3112410841core:UnlistedNon-exchangeTraded2023-01-3112410841core:ShareCapital2023-01-3112410841core:SharePremium2023-01-3112410841core:RevaluationReserve2023-01-3112410841core:OtherReservesSubtotal2023-01-3112410841core:RetainedEarningsAccumulatedLosses2023-01-3112410841core:NetGoodwill2022-01-3112410841core:IntangibleAssetsOtherThanGoodwill2022-01-3112410841core:LandBuildings2022-01-3112410841core:PlantMachinery2022-01-3112410841core:Vehicles2022-01-3112410841core:FurnitureFittings2022-01-3112410841core:OfficeEquipment2022-01-3112410841core:AfterOneYear2022-01-3112410841core:WithinOneYear2022-01-3112410841core:ListedExch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PORTLAND GROUP PROPERTIES LTD

Registered Number
12410841
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

PORTLAND GROUP PROPERTIES LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

MASHAYEKH, Farzad
MASHAYEKH, Pourzad

Registered Address

8b Accommodation Road
Golders Green
London
NW11 8ED

Registered Number

12410841 (England and Wales)
PORTLAND GROUP PROPERTIES LTD
Statement of Financial Position
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets616,2291,141
16,2291,141
Current assets
Stocks800500
Debtors4,21110,575
Cash at bank and on hand2,7057,241
7,71618,316
Creditors amounts falling due within one year8(3,812)(9,860)
Net current assets (liabilities)3,9048,456
Total assets less current liabilities20,1339,597
Creditors amounts falling due after one year9(19,138)(8,093)
Net assets9951,504
Capital and reserves
Called up share capital22
Profit and loss account9931,502
Shareholders' funds9951,504
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2023, and are signed on its behalf by:
MASHAYEKH, Farzad
Director
MASHAYEKH, Pourzad
Director

Registered Company No. 12410841
PORTLAND GROUP PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company during the period was general construction as well as managing and letting own or leased estates.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year33
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 221,606
Additions20,498
At 31 January 2322,103
Depreciation and impairment
At 01 February 22465
Charge for year5,410
At 31 January 235,875
Net book value
At 31 January 2316,229
At 31 January 221,141
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-10,000
Other debtors4,211575
Total4,21110,575
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Taxation and social security2732,033
Other creditors3,5395,994
Accrued liabilities and deferred income-1,833
Total3,8129,860
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts6,4008,093
Other creditors12,738-
Total19,1388,093
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts12,738-