| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Period |
| 1st December 2023 to 5th April 2025 |
| for |
| Portland West Developments LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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: |
| 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: |
| 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 |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING LOSS and |
| LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
| Portland West Developments LLP (Registered number: OC359685) |
| Balance Sheet |
| 5th April 2025 |
| 5.4.25 | 30.11.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| Plant and machinery etc | - |
| 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 |
| DEPRECIATION |
| At 1st December 2023 |
| and 5th April 2025 |
| NET BOOK VALUE |
| At 5th April 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5.4.25 | 30.11.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 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 |
| Trade creditors |
| Social security and other taxes |
| Accruals and deferred income |
| 7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| All other creditors take priority over the members' interests. |