Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Rev S A Heron 04/11/2023 R B M Hurley 31/03/1999 P Phillips 07/03/2022 05 April 2025 The principal activity of the Company during the financial year was the management of the residential property at Port Iona. 02027064 2024-09-30 02027064 bus:Director1 2024-09-30 02027064 bus:Director2 2024-09-30 02027064 bus:Director3 2024-09-30 02027064 2023-09-30 02027064 core:CurrentFinancialInstruments 2024-09-30 02027064 core:CurrentFinancialInstruments 2023-09-30 02027064 core:ShareCapital 2024-09-30 02027064 core:ShareCapital 2023-09-30 02027064 core:RetainedEarningsAccumulatedLosses 2024-09-30 02027064 core:RetainedEarningsAccumulatedLosses 2023-09-30 02027064 2023-10-01 2024-09-30 02027064 bus:FilletedAccounts 2023-10-01 2024-09-30 02027064 bus:SmallEntities 2023-10-01 2024-09-30 02027064 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02027064 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02027064 bus:Director1 2023-10-01 2024-09-30 02027064 bus:Director2 2023-10-01 2024-09-30 02027064 bus:Director3 2023-10-01 2024-09-30 02027064 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 02027064 (England and Wales)

PORT IONA MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PORT IONA MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PORT IONA MANAGEMENT LIMITED

BALANCE SHEET

As at 30 September 2024
PORT IONA MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Cash at bank and in hand 9,766 11,609
9,766 11,609
Creditors: amounts falling due within one year 3 ( 829) ( 805)
Net current assets 8,937 10,804
Total assets less current liabilities 8,937 10,804
Net assets 8,937 10,804
Capital and reserves
Called-up share capital 5 5
Profit and loss account 8,932 10,799
Total shareholders' funds 8,937 10,804

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Port Iona Management Limited (registered number: 02027064) were approved and authorised for issue by the Board of Directors on 05 April 2025. They were signed on its behalf by:

R B M Hurley
Director
PORT IONA MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PORT IONA MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Port Iona Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Port Iona, 121 Banks Road, Sandbanks, Poole, Dorset, BH13 7QQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the amounts received or receivable for service charges from the residential lessees.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 829 805