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REGISTERED NUMBER: 04052775 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Portsea Action Group 99 Limited

Portsea Action Group 99 Limited (Registered number: 04052775)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Portsea Action Group 99 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J M Thurston
Mrs B G Tregarthen MBE
Mrs D J Edwards





SECRETARY: Mrs D J Edwards





REGISTERED OFFICE: John Pounds Centre
23 Queen Street
Portsea
Portsmouth
Hampshire
PO1 3HN





REGISTERED NUMBER: 04052775 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Portsea Action Group 99 Limited (Registered number: 04052775)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,608 29,952

CURRENT ASSETS
Cash at bank and in hand 49,584 57,830

CREDITORS
Amounts falling due within one year 5 76,192 87,782
NET CURRENT LIABILITIES (26,608 ) (29,952 )
TOTAL ASSETS LESS CURRENT LIABILITIES - -


RESERVES - -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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.

Portsea Action Group 99 Limited (Registered number: 04052775)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




Mr J M Thurston - Director



Mrs B G Tregarthen MBE - Director


Portsea Action Group 99 Limited (Registered number: 04052775)

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

1. STATUTORY INFORMATION

Portsea Action Group 99 Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the value of grants and donations received during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 20% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Portsea Action Group 99 Limited (Registered number: 04052775)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Short Plant & Fixtures Computer
leasehold machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 36,348 2,018 10,257 3,274 51,897
Additions - - 5,204 - 5,204
At 31 December 2023 36,348 2,018 15,461 3,274 57,101
DEPRECIATION
At 1 January 2023 7,270 2,013 9,858 2,804 21,945
Charge for year 7,269 2 1,121 156 8,548
At 31 December 2023 14,539 2,015 10,979 2,960 30,493
NET BOOK VALUE
At 31 December 2023 21,809 3 4,482 314 26,608
At 31 December 2022 29,078 5 399 470 29,952

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 76,192 87,782

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Between one and five years 4,167 6,250

7. ULTIMATE CONTROLLING PARTY

The company was under the control of the board of directors throughout the current and previous year.