Company No:
Contents
DIRECTORS | Catherine Alice Brewster |
George Pattullo Brewster | |
SECRETARY | George Pattullo Brewster |
REGISTERED OFFICE | Lanark House |
Ballinshoe | |
Kirriemuir | |
DD8 5QF | |
United Kingdom | |
COMPANY NUMBER | SC201298(Scotland) |
CHARTERED ACCOUNTANTS | Johnston Carmichael LLP |
15 Academy Street | |
Forfar | |
DD8 2HA |
31.03.2021 | 31.03.2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Investment property | 3 |
|
|
|
540,543 | 540,543 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
224,975 | 212,464 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 109,138 | 112,361 | ||
Total assets less current liabilities | 649,681 | 652,904 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 6 |
|
|
|
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Directors’ responsibilities:
The financial statements of P.A.R. Portfolio Limited (registered number:
George Pattullo Brewster
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
P.A.R. Portfolio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Lanark House, Ballinshoe, Kirriemuir, DD8 5QF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's #tErmh1 when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including trade creditors are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
31.03.2021 | 31.03.2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 April 2020 |
|
As at 31 March 2021 |
|
Valuation
Investment property comprises industrial and retail premises. The director believes the cost of the investment properties is not materially different from their fair value.
31.03.2021 | 31.03.2020 | ||
£ | £ | ||
Other debtors |
|
|
31.03.2021 | 31.03.2020 | ||
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Other creditors |
|
|
|
Corporation tax |
|
|
|
|
|
31.03.2021 | 31.03.2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
|
nil
|
|
|
|
40 | 40 |