Company Registration No. 14221029 (England and Wales)
Portico Properties LTD
Unaudited accounts
for the period from 7 July 2022 to 31 July 2023
Portico Properties LTD
Unaudited accounts
Contents
Portico Properties LTD
Company Information
for the period from 7 July 2022 to 31 July 2023
Directors
Gregory Otto
Shaun Piercy
Company Number
14221029 (England and Wales)
Registered Office
10 FOSTER ROAD
WREXHAM
LL11 2LT
WALES
Accountants
Shareholder Strategies Limited
Bridgewater House
North Road
Ellesmere Port
Cheshire
CH65 1AF
Portico Properties LTD
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
3,837
Creditors: amounts falling due within one year
(118,348)
Net current liabilities
(114,511)
Profit and loss account
(17,063)
Shareholders' funds
(17,061)
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by
Shaun Piercy
Director
Company Registration No. 14221029
Portico Properties LTD
Notes to the Accounts
for the period from 7 July 2022 to 31 July 2023
Portico Properties LTD is a private company, limited by shares, registered in England and Wales, registration number 14221029. The registered office is 10 FOSTER ROAD, WREXHAM, LL11 2LT, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 7 July 2022 to 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 7 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% Straight Line
Computer equipment
10% Straight Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
79,091
20,000
399
99,490
At 31 July 2023
79,091
20,000
399
99,490
Charge for the period
-
2,000
40
2,040
At 31 July 2023
-
2,000
40
2,040
At 31 July 2023
79,091
18,000
359
97,450
Portico Properties LTD
Notes to the Accounts
for the period from 7 July 2022 to 31 July 2023
5
Creditors: amounts falling due within one year
2023
Loans from directors
118,348
6
Average number of employees
During the period the average number of employees was 2.