Development Portfolio Management Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 05282547 (England and Wales)

Development Portfolio Management Limited

Unaudited Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

P A Tolley

I Willicombe

SECRETARY:

P A Tolley

REGISTERED OFFICE:

26 Binswood Avenue

Leamington Spa

Warwickshire

CV32 5SQ

REGISTERED NUMBER:

05282547 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

CURRENT ASSETS

Debtors

5

111

37,000

Cash at bank

8,536

87,835

8,647

124,835

CREDITORS

Amounts falling due within one year

6

8,549

36,101

NET CURRENT ASSETS

98

88,734

TOTAL ASSETS LESS CURRENT LIABILITIES

98

88,734

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

(22

)

88,614

SHAREHOLDERS' FUNDS

98

88,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 September 2017 and were signed on its behalf by:

P A Tolley - Director

1.	STATUTORY INFORMATION

Development Portfolio Management Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

9,294

DEPRECIATION

At 1 January 2016

and 31 December 2016

9,294

NET BOOK VALUE

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

37,000

Other debtors

111

-

111

37,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

10

Trade creditors

3,137

1,624

Taxation and social security

543

28,028

Other creditors

4,869

6,439

8,549

36,101

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director Mr P Tolley £16 and Mr I Willicombe £188

8.	ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party throughout the period.