IRIS Accounts Production v23.2.0.158 SC331569 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3315692022-03-31SC3315692023-03-31SC3315692022-04-012023-03-31SC3315692021-03-31SC3315692021-04-012022-03-31SC3315692022-03-31SC331569ns10:Originalns15:Scotland2022-04-012023-03-31SC331569ns14:PoundSterlingns10:Original2022-04-012023-03-31SC331569ns10:Originalns10:Director12022-04-012023-03-31SC331569ns10:Original2022-04-012023-03-31SC331569ns10:Original2023-03-31SC331569ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC331569ns10:Originalns10:SmallEntities2022-04-012023-03-31SC331569ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-31SC331569ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC331569ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC331569ns10:Originalns10:FullAccounts2022-04-012023-03-31SC331569ns10:Originalns10:Director22022-04-012023-03-31SC331569ns10:CompanySecretary1ns10:Original2022-04-012023-03-31SC331569ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC331569ns10:Original2022-03-31SC331569ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC331569ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC331569ns5:ShareCapitalns10:Original2023-03-31SC331569ns5:ShareCapitalns10:Original2022-03-31SC331569ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC331569ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC331569ns10:Original2021-04-012022-03-31SC331569ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-31SC331569ns10:Original1ns10:Director12022-03-31SC331569ns10:Original1ns10:Director12021-03-31SC331569ns10:Original1ns10:Director12022-04-012023-03-31SC331569ns10:Original1ns10:Director12021-04-012022-03-31SC331569ns10:Original1ns10:Director12023-03-31SC331569ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: SC331569 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PORT HENRY LTD

PORT HENRY LTD (REGISTERED NUMBER: SC331569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

PORT HENRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: James Buchan
Mrs Natalie Buchan





SECRETARY: Mrs Natalie Buchan





REGISTERED OFFICE: 12 Corbie Drive
Fraserburgh
Aberdeenshire
AB43 9QF





REGISTERED NUMBER: SC331569 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

PORT HENRY LTD (REGISTERED NUMBER: SC331569)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 84,657 99,398

CREDITORS
Amounts falling due within one year 5 24,920 26,214
NET CURRENT ASSETS 59,737 73,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,737

73,184

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 59,735 73,182
SHAREHOLDERS' FUNDS 59,737 73,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2023 and were signed on its behalf by:





James Buchan - Director


PORT HENRY LTD (REGISTERED NUMBER: SC331569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Port Henry Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 24,835 26,027
Social security and other taxes 73 115
Directors' current accounts 12 72
24,920 26,214

The loan from the director is interest free with no fixed terms of repayment.

PORT HENRY LTD (REGISTERED NUMBER: SC331569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
James Buchan
Balance outstanding at start of year (72 ) 20,963
Amounts advanced 138,832 61,758
Amounts repaid (138,772 ) (82,793 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12 ) (72 )

7. ULTIMATE CONTROLLING PARTY

J Buchan, director, is the ultimate controlling party.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PORT HENRY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Port Henry Ltd for the year ended 31st March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Port Henry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Port Henry Ltd and state those matters that we have agreed to state to the Board of Directors of Port Henry Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Port Henry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Port Henry Ltd. You consider that Port Henry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Port Henry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


4th September 2023