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Registration number: 03438673

Parkview (Portland) Management Company Limited

Annual Report and Unaudited Financial Statements Year Ended 31 December 2024

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Chartered Accountants

 

Parkview (Portland) Management Company Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Parkview (Portland) Management Company Limited

Company Information

Chairman

Mr P Evans

Directors

Mr W L Martin

Mr J Amor

Company secretary

Mr J Amor

Registered office

Parkview
4A Easton Square
PORTLAND
Dorset
DT5 1BX

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Parkview (Portland) Management Company Limitedfor the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Parkview (Portland) Management Company Limited for the year ended 31 December 2024 as set out on pages 3 to 6 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 Parkview (Portland) Management Company 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 Parkview (Portland) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Parkview (Portland) Management Company 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 Parkview (Portland) Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Parkview (Portland) Management Company 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 loss of Parkview (Portland) Management Company Limited. You consider that Parkview (Portland) Management Company 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 Parkview (Portland) Management Company 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.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High Street
Dorchester
Dorset
DT1 1HA

6 May 2025

 

Parkview (Portland) Management Company Limited

(Registration number: 03438673)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

540

560

Current assets

 

Cash at bank and in hand

 

223

260

Creditors: Amounts falling due within one year

6

(2,795)

(704)

Net current liabilities

 

(2,572)

(444)

Net (liabilities)/assets

 

(2,032)

116

Capital and reserves

 

Called up share capital

7

7

7

Retained earnings

(2,039)

109

Shareholders' (deficit)/funds

 

(2,032)

116

For the financial year ending 31 December 2024 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 May 2025 and signed on its behalf by:
 



Mr W L Martin
Director

 

Parkview (Portland) Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Parkview
4A Easton Square
PORTLAND
Dorset
DT5 1BX

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business.

 

Parkview (Portland) Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

20

20

5

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

1,000

1,000

At 31 December 2024

1,000

1,000

Depreciation

At 1 January 2024

440

440

Charge for the year

20

20

At 31 December 2024

460

460

Carrying amount

At 31 December 2024

540

540

At 31 December 2023

560

560

Included within the net book value of land and buildings above is £540 (2023 - £560) in respect of freehold land and buildings.
 

 

Parkview (Portland) Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

240

204

Other creditors

2,555

500

2,795

704

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

7

7

7

7