Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity78truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 2184853 2022-04-01 2023-03-31 2184853 2021-04-01 2022-03-31 2184853 2023-03-31 2184853 2022-03-31 2184853 c:Director2 2022-04-01 2023-03-31 2184853 c:Director3 2022-04-01 2023-03-31 2184853 c:Director4 2022-04-01 2023-03-31 2184853 c:Director5 2022-04-01 2023-03-31 2184853 c:Director6 2022-04-01 2023-03-31 2184853 c:Director7 2022-04-01 2023-03-31 2184853 c:Director8 2022-04-01 2023-03-31 2184853 c:Director9 2022-04-01 2023-03-31 2184853 c:Director10 2022-04-01 2023-03-31 2184853 c:Director11 2022-04-01 2023-03-31 2184853 c:Director12 2022-04-01 2023-03-31 2184853 c:Director13 2022-04-01 2023-03-31 2184853 c:Director14 2022-04-01 2023-03-31 2184853 c:Director15 2022-04-01 2023-03-31 2184853 c:Director17 2022-04-01 2023-03-31 2184853 c:Director18 2022-04-01 2023-03-31 2184853 c:Director19 2022-04-01 2023-03-31 2184853 c:Director20 2022-04-01 2023-03-31 2184853 c:RegisteredOffice 2022-04-01 2023-03-31 2184853 d:PlantMachinery 2022-04-01 2023-03-31 2184853 d:PlantMachinery 2023-03-31 2184853 d:PlantMachinery 2022-03-31 2184853 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 2184853 d:FurnitureFittings 2022-04-01 2023-03-31 2184853 d:FurnitureFittings 2023-03-31 2184853 d:FurnitureFittings 2022-03-31 2184853 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 2184853 d:ComputerEquipment 2022-04-01 2023-03-31 2184853 d:ComputerEquipment 2023-03-31 2184853 d:ComputerEquipment 2022-03-31 2184853 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 2184853 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 2184853 d:CurrentFinancialInstruments 2023-03-31 2184853 d:CurrentFinancialInstruments 2022-03-31 2184853 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 2184853 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 2184853 d:RetainedEarningsAccumulatedLosses 2023-03-31 2184853 d:RetainedEarningsAccumulatedLosses 2022-03-31 2184853 c:FRS102 2022-04-01 2023-03-31 2184853 c:Audited 2022-04-01 2023-03-31 2184853 c:FullAccounts 2022-04-01 2023-03-31 2184853 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 2184853 d:WithinOneYear 2023-03-31 2184853 d:WithinOneYear 2022-03-31 2184853 d:BetweenOneFiveYears 2023-03-31 2184853 d:BetweenOneFiveYears 2022-03-31 2184853 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 2184853







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


THE PORTMAN GROUP
(A Company Limited by Guarantee)






































img7dbb.png                        

 


THE PORTMAN GROUP
 
(A Company Limited by Guarantee)
 


 
COMPANY INFORMATION


Directors
Nuno Manuel Pinho De Teles (appointed 1 November 2022)
Brad Raymond Madigan (resigned 1 November 2022) 
Philip Mark Whitehead (appointed 5 May 2022)
Francesco Cruciani (appointed 1 November 2022) 
Paula Nogueria Lindenberg (resigned 28 April 2022) 
Mark Sean Riley (appointed 1 June 2022) 
Vladimir Vladimirovich Kazimirov 
Guy Christopher Dodwell (appointed 1 August 2023) 
Brian Perkins (appointed 1 February 2022)
Dayalan Nayager (resigned 19 October 2022) 
David Anthony Haworth (resigned 9 August 2023) 
Boudewijn Nicolaas Haarsma (appointed 13 December 2022) 
Karen Salters (resigned 9 August 2023) 
Ryan Van Arman (appointed 9 December 2022) 
Patrick McMahon (appointed 5 June 2023)
Timothy James Clay 
Michael Andrew Cleary
Jeremy James Shepherd (resigned 19 October 2022) 
Martin Thatcher 
Philip John Rycroft 
Gordon Johncox
Antony David Watson (appointed 1 July 2023)
Ben Blake (resigned 9 August 2023)

David Christopher Marc Flochel (resigned 28 April 2022)
David Forde (resigned 9 August 2023)


Registered number
2184853



Registered office
201 Borough High Street

London

SE1 1JA




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT






 


THE PORTMAN GROUP
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:2184853



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,280
941

  
4,280
941

Current assets
  

Debtors: amounts falling due within one year
 5 
320,711
496,908

Cash at bank and in hand
  
219,756
112,676

  
540,467
609,584

Creditors: amounts falling due within one year
 6 
(401,228)
(505,487)

Net current assets
  
 
 
139,239
 
 
104,097

Total assets less current liabilities
  
143,519
105,038

  

Net assets
  
143,519
105,038


Capital and reserves
  

Profit and loss account
  
143,519
105,038

  
143,519
105,038


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Philip John Rycroft
Chairman

Date: 2 November 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


THE PORTMAN GROUP
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Portman Group is a private company limited by guarantee, incorporated in England & Wales.
The address of the registered office and company registration is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Turnover comprises of membership fees.
Membership fees represent the invoiced value of membership charges billed to the members of The Portman Group. These fees are recognised in full in the profit and loss account during the period which they relate to.

 
2.3

Going concern

The directors have not identified any material uncertainty that would result in any issues with the business continuing as a going concern. The directors have prepared cash flow forecasts and detailed budgets in relation to going concern and in any reasonable scenario feel that the company has sufficient cash to meet its debts as they fall due.

 
2.4

Operating leases: the Company as lessee

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 


THE PORTMAN GROUP
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Over 10 years
Fixtures and fittings
-
33% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 8).

Page 3

 


THE PORTMAN GROUP
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Improvement to property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2022
53,750
41,362
37,006
132,118


Additions
-
-
5,403
5,403



At 31 March 2023

53,750
41,362
42,409
137,521



Depreciation


At 1 April 2022
53,750
41,362
36,065
131,177


Charge for the year
-
-
2,064
2,064



At 31 March 2023

53,750
41,362
38,129
133,241



Net book value



At 31 March 2023
-
-
4,280
4,280



At 31 March 2022
-
-
941
941


5.


Debtors

2023
2022
£
£


Trade debtors
262,582
425,772

Other debtors
17,563
32,680

Prepayments
40,566
38,456

320,711
496,908


Page 4

 


THE PORTMAN GROUP
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
56,811
39,022

Corporation tax
228
-

Other taxation and social security
57,796
84,478

Other creditors
25,590
16,471

Accruals and deferred income
260,803
365,516

401,228
505,487



7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
68,535
4,767

Later than 1 year and not later than 5 years
85,487
-

154,022
4,767



8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 7 November 2023 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5