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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
Page
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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
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Portico Properties LTD Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
97,450 
Current assets
Cash at bank and in hand
3,837 
Creditors: amounts falling due within one year
(118,348)
Net current liabilities
(114,511)
Net liabilities
(17,061)
Capital and reserves
Called up share capital
2 
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
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Portico Properties LTD Notes to the Accounts for the period from 7 July 2022 to 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
At 7 July 2022
- 
- 
- 
- 
Additions
79,091 
20,000 
399 
99,490 
At 31 July 2023
79,091 
20,000 
399 
99,490 
Depreciation
Charge for the period
- 
2,000 
40 
2,040 
At 31 July 2023
- 
2,000 
40 
2,040 
Net book value
At 31 July 2023
79,091 
18,000 
359 
97,450 
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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.
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