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THE PORTMAN GROUP CODE OF PRACTICE - INDEPENDENT COMPLAINTS PANEL
(A Company Limited by Guarantee)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Portman Group Code of Practice - Independent Complaints Panel is a private company limited by guarantee incorporated in England and Wales, registration number 10361649. The registered office and principal place is stated on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The directors believe the continued financial and operational support from The Portman Group to the company, should enable it to continue in operational existence. The Portman Group are in a position to continue to provide adequate support.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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The average monthly number of employees, including directors, during the year was 10 (2025 - 10).
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