Year Ended
Registration number:
Porthgwidden Estate Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Porthgwidden Estate Limited
Company Information
Directors |
Dr J Kemp Sir C G Terry Mr M Beaumont Mrs E Jackson Mrs L J Spelman Mr A M Smith Mrs A Hambly-Staite Mr S J Togwell |
Registered office |
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Accountants |
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Porthgwidden Estate Limited
Balance Sheet
31 March 2023
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2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Shareholders' funds |
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Porthgwidden Estate Limited
Balance Sheet
31 March 2023
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 01174424
Porthgwidden Estate Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in the United Kingdom.
The address of its registered office is:
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Service charge accounts
In accordance with current best practice, separate service charge accounts have been prepared in addition to these limited company accounts. The service charge accounts are prepared on an accruals basis. The accounts include a balance sheet for the service charge fund, an income and expenditure account and explanatory notes.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and Buildings |
Nil |
Porthgwidden Estate Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2023
Financial instruments
Classification
• Short term trade and other debtors;
• Short term other creditors
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 April 2022 |
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At 31 March 2023 |
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Depreciation |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Included within the net book value of land and buildings above is £14,153 (2022 - £14,153) in respect of freehold land and buildings.
Porthgwidden Estate Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2023
Debtors |
2023 |
2022 |
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Trade debtors |
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