Registration number:
Parkview (Portland) Management Company Limited
Chartered Accountants
Registration number:
Parkview (Portland) Management Company Limited
Chartered Accountants
Parkview (Portland) Management Company Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed income and expenditure account |
Parkview (Portland) Management Company Limited
Company Information
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Chairman |
Mr P Evans |
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Directors |
Mr W L Martin Mr J Amor |
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Company secretary |
Mr J Amor |
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Registered office |
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Accountants |
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Parkview (Portland) Management Company Limited
Directors' Report
for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is own property management.
Small companies provision statement
This report has 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.
Approved by the
Chairman
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 2025
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 2025 as set out on pages 4 to 9 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.
Chartered Accountants
34 High Street
Dorchester
Dorset
DT1 1HA
Parkview (Portland) Management Company Limited
Profit and Loss Account
for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
(116) |
(2,147) |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Parkview (Portland) Management Company Limited
(Registration number: 03438673)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
7 |
7 |
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Retained earnings |
(2,154) |
(2,039) |
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Shareholders' deficit |
(2,147) |
(2,032) |
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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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.
Approved and authorised by the
Director
Parkview (Portland) Management Company Limited
Statement of Changes in Equity
for the Year Ended 31 December 2025
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Share capital |
Retained earnings |
Total |
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At 1 January 2025 |
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( |
( |
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Loss for the year |
- |
( |
( |
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At 31 December 2025 |
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( |
( |
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Share capital |
Retained earnings |
Total |
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At 1 January 2024 |
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Loss for the year |
- |
( |
( |
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At 31 December 2024 |
7 |
(2,039) |
(2,032) |
Parkview (Portland) Management Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
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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:
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Asset class |
Depreciation method and rate |
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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 2025
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Loss before tax |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 January 2025 |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Included within the net book value of land and buildings above is £520 (2024 - £540) in respect of freehold land and buildings.
Parkview (Portland) Management Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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7 |
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7 |
Parkview (Portland) Management Company Limited
Detailed income and expenditure account
for the Year Ended 31 December 2025
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2025 |
2024 |
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£ |
£ |
£ |
£ |
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Turnover |
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Service charges |
5,550 |
5,680 |
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Administrative expenses |
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Light, heat and power |
1,106 |
888 |
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Insurance |
1,325 |
1,258 |
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Repairs and maintenance |
2,055 |
4,530 |
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Alarm rental |
576 |
557 |
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Sundry expenses |
34 |
- |
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Cleaning |
300 |
325 |
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Accountancy fees |
240 |
249 |
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Bank charges |
10 |
- |
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Depreciation of freehold property |
20 |
20 |
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(5,666) |
(7,827) |
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Operating loss |
(116) |
(2,147) |
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Loss before tax |
(116) |
(2,147) |
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