Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrueNo description of principal activity2023-06-0111truetrue 10205132 2023-06-01 2024-05-31 10205132 2022-06-01 2023-05-31 10205132 2024-05-31 10205132 2023-05-31 10205132 c:Director1 2023-06-01 2024-05-31 10205132 d:CurrentFinancialInstruments 2024-05-31 10205132 d:CurrentFinancialInstruments 2023-05-31 10205132 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10205132 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10205132 d:ShareCapital 2024-05-31 10205132 d:ShareCapital 2023-05-31 10205132 d:RetainedEarningsAccumulatedLosses 2024-05-31 10205132 d:RetainedEarningsAccumulatedLosses 2023-05-31 10205132 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10205132 c:OrdinaryShareClass1 2024-05-31 10205132 c:OrdinaryShareClass1 2023-05-31 10205132 c:EntityHasNeverTraded 2023-06-01 2024-05-31 10205132 c:FRS102 2023-06-01 2024-05-31 10205132 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10205132 c:FullAccounts 2023-06-01 2024-05-31 10205132 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10205132 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10205132









PORTLAND PROPERTY AND DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
PORTLAND PROPERTY AND DESIGN LIMITED
REGISTERED NUMBER: 10205132

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
1,920
1,920

Debtors: amounts falling due within one year
 4 
11,436
11,436

  
13,356
13,356

Creditors: amounts falling due within one year
 5 
(17,144)
(17,144)

Net current liabilities
  
 
 
(3,788)
 
 
(3,788)

Total assets less current liabilities
  
(3,788)
(3,788)

  

Net liabilities
  
(3,788)
(3,788)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(3,888)
(3,888)

  
(3,788)
(3,788)


Page 1

 
PORTLAND PROPERTY AND DESIGN LIMITED
REGISTERED NUMBER: 10205132
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

For the year ended 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 17 February 2025.




G M Bharwani
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PORTLAND PROPERTY AND DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10205132.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

During the year the company made a loss and as a result has net liabilities as at 31 May 2024.
The director and shareholders will continue to support the company and therefore the accounts have
been prepared on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

Page 3

 
PORTLAND PROPERTY AND DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
£
£


Other debtors
11,436
11,436

11,436
11,436



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
16,784
16,784

Accruals and deferred income
360
360

17,144
17,144


Page 4

 
PORTLAND PROPERTY AND DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Transactions with directors

As at the balance sheet date an amount of £16,784 (2023 - £16,784) was due to the director. The loan is interest-free and repayable upon demand.

 
Page 5