Porthgwidden Estate Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Porthgwidden Estate Limited

Company Information

Directors

Dr J Kemp Mr M Beaumont Mrs E Jackson Mrs L J Spelman Mr A M Smith Mrs A Hambly-Staite Mr S J Togwell Lady G Terry

Registered office

C/O Belmont Property Management Daniell House Falmouth Road Truro Cornwall TR1 2HX

Accountants

Francis Clark LLP Chartered AccountantsLowin House Tregolls Road Truro Cornwall TR1 2NA

Porthgwidden Estate Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	14,153	14,153
Current assets
Debtors	5	1,785	1,785
Net assets		15,938	15,938
Capital and reserves
Called up share capital		15,750	15,750
Share premium reserve		188	188
Shareholders' funds		15,938	15,938

For the financial year ending 31 March 2025 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Lady G Terry Director

Company Registration Number: 01174424

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
C/O Belmont Property Management
Daniell House
Falmouth Road
Truro
Cornwall
TR1 2HX

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Service charge accounts

In accordance with current best practice, separate service charge accounts have been prepared in addition to these limited company accounts. The service charge accounts are prepared on an accruals basis. The accounts include a balance sheet for the service charge fund, an income and expenditure account and explanatory notes.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	Nil

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors;
• Short term other creditors


All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.



 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	14,153	14,153
At 31 March 2025	14,153	14,153
Depreciation
Carrying amount
At 31 March 2025	14,153	14,153
At 31 March 2024	14,153	14,153

Included within the net book value of land and buildings above is £14,153 (2024 - £14,153) in respect of freehold land and buildings.
 

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

5

Debtors

	2025 £	2024 £
Trade debtors	1,785	1,785
	1,785	1,785

6

Repairs

There are a number of structural repairs that will require additional funding to be sourced in the future.