21 March 2023 false No description of principal activity Taxfiler 2024.5 14744807business:PrivateLimitedCompanyLtd2023-03-212024-03-31 147448072023-03-20 147448072023-03-212024-03-31 14744807business:AuditExempt-NoAccountantsReport2023-03-212024-03-31 14744807business:FilletedAccounts2023-03-212024-03-31 147448072024-03-31 14744807business:Director12023-03-212024-03-31 14744807business:RegisteredOffice2023-03-212024-03-31 14744807core:WithinOneYear2024-03-31 14744807core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14744807core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14744807core:PreviouslyStatedAmount2024-03-31 14744807business:SmallEntities2023-03-212024-03-31 14744807countries:EnglandWales2023-03-212024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14744807 (England and Wales)
Portfolio Business Finance Ltd Unaudited accounts for the period from 21 March 2023 to 31 March 2024
Portfolio Business Finance Ltd Unaudited accounts Contents
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Portfolio Business Finance Ltd Company Information for the period from 21 March 2023 to 31 March 2024
Director
Ajit Virmani
Company Number
14744807 (England and Wales)
Registered Office
3 Hibberts Way Gerrards Cross Buckinghamshire SL9 8UD England
Accountants
MRA Tax Services 6 Wendover Place Staines Middlesex TW18 3DG
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Portfolio Business Finance Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Current assets
Debtors
12,000 
Cash at bank and in hand
5,922 
17,922 
Creditors: amounts falling due within one year
(3,607)
Net current assets
14,315 
Net assets
14,315 
Capital and reserves
Called up share capital
100 
Profit and loss account
14,215 
Shareholders' funds
14,315 
For the period ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 20 August 2024 and were signed on its behalf by
Ajit Virmani Director Company Registration No. 14744807
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Portfolio Business Finance Ltd Notes to the Accounts for the period from 21 March 2023 to 31 March 2024
1
Statutory information
Portfolio Business Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 14744807. The registered office is 3 Hibberts Way, Gerrards Cross, Buckinghamshire, SL9 8UD, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
12,000 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
3,334 
Other creditors
273 
3,607 
6
Average number of employees
During the period the average number of employees was 1.
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