IRIS Accounts Production v25.1.4.42 OC359685 designated member 1.12.23 5.4.25 5.4.25 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3596852023-11-30OC3596852025-04-05OC3596852023-12-012025-04-05OC3596852022-11-30OC3596852022-12-012023-11-30OC3596852023-11-30OC359685ns15:EnglandWales2023-12-012025-04-05OC359685ns14:PoundSterling2023-12-012025-04-05OC359685ns10:PartnerLLP12023-12-012025-04-05OC359685ns10:LimitedLiabilityPartnershipLLP2023-12-012025-04-05OC359685ns10:SmallEntities2023-12-012025-04-05OC359685ns10:AuditExempt-NoAccountantsReport2023-12-012025-04-05OC359685ns10:SmallCompaniesRegimeForAccounts2023-12-012025-04-05OC359685ns10:LimitedLiabilityPartnershipsSORP2023-12-012025-04-05OC359685ns10:FullAccounts2023-12-012025-04-05OC359685ns10:PartnerLLP22023-12-012025-04-05OC359685ns10:RegisteredOffice2023-12-012025-04-05OC359685ns5:CurrentFinancialInstruments2025-04-05OC359685ns5:CurrentFinancialInstruments2023-11-30OC359685ns5:PlantMachinery2023-12-012025-04-05OC359685ns5:PlantMachinery2023-11-30OC359685ns5:PlantMachinery2025-04-05OC359685ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-05OC359685ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: OC359685 (England and Wales)











Report of the Members and

Unaudited Financial Statements

for the Period

1st December 2023 to 5th April 2025

for

Portland West Developments LLP

Portland West Developments LLP (Registered number: OC359685)






Contents of the Financial Statements
for the Period 1st December 2023 to 5th April 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Portland West Developments LLP

General Information
for the Period 1st December 2023 to 5th April 2025







DESIGNATED MEMBERS: E P Malden
P J Malden





REGISTERED OFFICE: 2 Chantry Street
Andover
Hampshire
SP10 1DE





REGISTERED NUMBER: OC359685 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Portland West Developments LLP (Registered number: OC359685)

Report of the Members
for the Period 1st December 2023 to 5th April 2025

The members present their report with the financial statements of the LLP for the period 1st December 2023 to 5th April 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of land and property developers.

DESIGNATED MEMBERS
The designated members during the period under review were:

E P Malden
P J Malden

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £11,379 (2023 - £7,292 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





E P Malden - Designated member


30th May 2025

Portland West Developments LLP (Registered number: OC359685)

Income Statement
for the Period 1st December 2023 to 5th April 2025

Period
1.12.23
to Year Ended
5.4.25 30.11.23
£    £   

TURNOVER 646 3,383

Cost of sales 646 2,225
GROSS PROFIT - 1,158

Administrative expenses 11,379 8,450
OPERATING LOSS and
LOSS FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(11,379




)




(7,292




)

Portland West Developments LLP (Registered number: OC359685)

Balance Sheet
5th April 2025

5.4.25 30.11.23
Notes £    £   
CURRENT ASSETS
Stocks 299,675 57,757
Debtors 5 127,880 3,163
Cash at bank - 272
427,555 61,192
CREDITORS
Amounts falling due within one year 6 224,907 1,796
NET CURRENT ASSETS 202,648 59,396
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

202,648

59,396

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

202,648

59,396

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 202,648 59,396

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 5th April 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 30th May 2025 and were signed by:





E P Malden - Designated member

Portland West Developments LLP (Registered number: OC359685)

Notes to the Financial Statements
for the Period 1st December 2023 to 5th April 2025

1. STATUTORY INFORMATION

Portland West Developments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023
and 5th April 2025 1,771
DEPRECIATION
At 1st December 2023
and 5th April 2025 1,771
NET BOOK VALUE
At 5th April 2025 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.25 30.11.23
£    £   
Trade debtors 124,372 -
Other debtors 600 600
VAT 2,908 2,563
127,880 3,163

Portland West Developments LLP (Registered number: OC359685)

Notes to the Financial Statements - continued
for the Period 1st December 2023 to 5th April 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.25 30.11.23
£    £   
Bank loans and overdrafts 1,351 -
Trade creditors 79,485 -
Social security and other taxes 2,149 696
Accruals and deferred income 141,922 1,100
224,907 1,796

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

All other creditors take priority over the members' interests.