Abbreviated Company Accounts - PORTER PROPERTY (UK) LTD

Abbreviated Company Accounts - PORTER PROPERTY (UK) LTD


Registered Number 05107265

PORTER PROPERTY (UK) LTD

Abbreviated Accounts

30 April 2016

PORTER PROPERTY (UK) LTD Registered Number 05107265

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Current assets
Stocks 391,971 391,971
Debtors 23,092 23,217
Cash at bank and in hand 1,646 3,633
416,709 418,821
Creditors: amounts falling due within one year (18,752) (6,786)
Net current assets (liabilities) 397,957 412,035
Total assets less current liabilities 397,957 412,035
Creditors: amounts falling due after more than one year (121,363) (150,603)
Total net assets (liabilities) 276,594 261,432
Capital and reserves
Called up share capital 195 195
Profit and loss account 276,399 261,237
Shareholders' funds 276,594 261,432
  • For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 August 2016

And signed on their behalf by:
Mr C J Porter, Director

PORTER PROPERTY (UK) LTD Registered Number 05107265

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the special provisions
relating to small companies within Part 15 of the Companies Act 2006 and with
the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers for services provided and any goods supplied
excluding VAT The turnover and operating costs are attributable to the principal
activity of the business being that of Property Rental

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value
after making due allowance for obsolete and slow-moving stocks Cost includes all
direct costs and an appropriate proportion of fixed and variable overheads