Registered Number 06041418
THE PORTLAND HOUSE GROUP LIMITED
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities effective April 2008.
1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom
Accounting Standards, United Kingdom Generally Accepted Accounting Practice, which
have been applied consistently, except as otherwise stated.
Turnover policy
Turnover represents sales of properties and joint venture income.
Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimated residual value of each asset over its expected
useful life, as follows:
Fixtures, fittings and equipment 25% on reducing balance
Other accounting policies
Fixed asset investments are stated at cost less provision for diminution in value.
1.6 Group Accounts
The financial statements present information about the company as an individual
undertaking and not about its group. The company and its subsidiary undertaking
comprise a small sized group. The company has therefore taken advantage of the
exemptions provided by section 399 of the Companies Act 2006 not to prepare group
accounts.
£ | |
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Cost | |
At 1 May 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2015 |
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Depreciation | |
At 1 May 2014 |
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Charge for the year |
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On disposals |
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At 30 April 2015 |
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Net book values | |
At 30 April 2015 | 27,183 |
At 30 April 2014 | 28,745 |
3
Fixed assets Investments
The company holds more than 20% of the share capital of the following companies:
Company Country of registration or incorporation Share held : Class %
Subsidiary undertakings, Portland House Construction Limited, England, Ordinary, 50%
The aggregate amount of capital and reserves and the results of these undertakings for the last
relevant financial year were as follows:
Company, Principal activity, Capital and Reserves 2015 £, Profit/(loss) for the year 2015 £
Portland House Construction Limited, Joint venture property dealing, (28,214), (973)