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REGISTERED NUMBER: 01735154 (England and Wales)














Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Portwood Timber Limited

Portwood Timber Limited (Registered number: 01735154)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Portwood Timber Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S J Graveley





SECRETARY: D Jarvis





REGISTERED OFFICE: 1 Mersey Street
Portwood
Stockport
Cheshire
SK1 2HX





REGISTERED NUMBER: 01735154 (England and Wales)






Portwood Timber Limited (Registered number: 01735154)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
S J Graveley has held office during the whole of the period from 1 April 2022 to the date of this report.

Other changes in directors holding office are as follows:

Mrs C H Ford ceased to be a director after 31 March 2023 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Jarvis - Secretary


10 November 2023

Portwood Timber Limited (Registered number: 01735154)

Profit and Loss Account
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER - -
OPERATING PROFIT and
PROFIT BEFORE TAXATION - -

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR - -

Portwood Timber Limited (Registered number: 01735154)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 5 1,733 1,733
NET CURRENT LIABILITIES (1,733 ) (1,733 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,733 ) (1,733 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,735 ) (1,735 )
SHAREHOLDERS' FUNDS (1,733 ) (1,733 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





S J Graveley - Director


Portwood Timber Limited (Registered number: 01735154)

Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 2 (1,735 ) (1,733 )

Changes in equity
Balance at 31 March 2022 2 (1,735 ) (1,733 )

Changes in equity
Balance at 31 March 2023 2 (1,735 ) (1,733 )

Portwood Timber Limited (Registered number: 01735154)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Portwood Timber 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2023 nor for the year ended 31 March 2022.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,733 1,733