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Registration number: 05181670

Portland Lodge Management Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

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Portland Lodge Management Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4

 

Portland Lodge Management Limited

Company Information

Directors

Dr. G D Mead

Ms N K Ward

Ms I Anderson

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Portland Lodge Management Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Portland Lodge Management Limited for the year ended 31 July 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Portland Lodge Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Portland Lodge Management Limited and state those matters that we have agreed to state to the Board of Directors of Portland Lodge Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portland Lodge Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Portland Lodge Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Portland Lodge Management Limited. You consider that Portland Lodge Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Portland Lodge Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

20 January 2024

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Portland Lodge Management Limited

(Registration number: 05181670)
Balance Sheet as at 31 July 2023

2023
£

2022
£

Reserves

Surplus/(deficit)

0

0

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 December 2023 and signed on its behalf by:
 

.........................................
Dr. G D Mead
Director

 

Portland Lodge Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 1 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.


Bank, Cash and Other Assets
A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act
1987 and the RMC acts as a trustee in this capacity.
The closing balance of cash and other assets held on trust by the RMC are £6,201:
£50 Harrison-Lavers & Potburys Ltd Re Portland Lodge Management Ltd Clients Account HSBC Current Account 01516442 (non interest bearing)
£6,151 Harrison-Lavers & Potburys Ltd Re Portland Lodge Management Ltd Clients Account HSBC Money Manager Account 21562657 (interest bearing)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 2).