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REGISTERED NUMBER: 01661372 (England and Wales)












PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01661372)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr P G Vass
Mr P H J Farmer





REGISTERED OFFICE: Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT





REGISTERED NUMBER: 01661372 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01661372)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 - 1,807
Cash at bank and in hand 104,530 106,385
104,530 108,192
CREDITORS
Amounts falling due within one year 5 1,582 1,339
NET CURRENT ASSETS 102,948 106,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,948

106,853

CAPITAL AND RESERVES
Called up share capital 6 30 30
Capital expenditure reserve 7 62,817 52,817
Retained earnings 7 40,101 54,006
SHAREHOLDERS' FUNDS 102,948 106,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr P G Vass - Director


PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01661372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Portland Court Housing Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,600
Other debtors - 207
- 1,807

PORTLAND COURT HOUSING
MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01661372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 45 -
Taxation and social security 227 -
Other creditors 1,310 1,339
1,582 1,339

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30 Ordinary £1 30 30

7. RESERVES
Capital
Retained expenditure
earnings reserve Totals
£    £    £   

At 1 August 2023 54,006 52,817 106,823
Deficit for the year (3,905 ) - (3,905 )
Transfer to Capital
Expenditure Reserve (10,000 ) 10,000 -
At 31 July 2024 40,101 62,817 102,918

The Capital Expenditure Reserve relates to funds set aside for major repairs and renewals.

Within the year £10,000 (2023: £10,000) was transferred to the Capital Expenditure Reserve from the Profit and Loss Reserve, to support future capital expenditure.

In relation to the movement this year out of the Capital Expenditure Reserve it is £nil (2023: £nil),