Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30trueNo description of principal activity2022-12-01false32falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09326769 2022-12-01 2023-11-30 09326769 2021-12-01 2022-11-30 09326769 2023-11-30 09326769 2022-11-30 09326769 c:Director3 2022-12-01 2023-11-30 09326769 d:Buildings 2022-12-01 2023-11-30 09326769 d:Buildings 2023-11-30 09326769 d:Buildings 2022-11-30 09326769 d:CurrentFinancialInstruments 2023-11-30 09326769 d:CurrentFinancialInstruments 2022-11-30 09326769 d:Non-currentFinancialInstruments 2023-11-30 09326769 d:Non-currentFinancialInstruments 2022-11-30 09326769 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09326769 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09326769 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09326769 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09326769 d:ShareCapital 2023-11-30 09326769 d:ShareCapital 2022-11-30 09326769 d:RetainedEarningsAccumulatedLosses 2023-11-30 09326769 d:RetainedEarningsAccumulatedLosses 2022-11-30 09326769 c:FRS102 2022-12-01 2023-11-30 09326769 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09326769 c:FullAccounts 2022-12-01 2023-11-30 09326769 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09326769 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09326769










PORT VALUE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
PORT VALUE LTD
REGISTERED NUMBER: 09326769

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
221,051
221,051

  
221,051
221,051

Current assets
  

Debtors: amounts falling due within one year
 5 
550
550

Cash at bank and in hand
  
468
244

  
1,018
794

Creditors: amounts falling due within one year
 6 
(3,953)
(2,723)

Net current liabilities
  
 
 
(2,935)
 
 
(1,929)

Total assets less current liabilities
  
218,116
219,122

Creditors: amounts falling due after more than one year
 7 
(211,913)
(238,780)

  

Net assets/(liabilities)
  
6,203
(19,658)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,103
(19,758)

  
6,203
(19,658)


Page 1

 
PORT VALUE LTD
REGISTERED NUMBER: 09326769
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.




J A Hamza
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
PORT VALUE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PORT VALUE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)


1.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Port Value Ltd is a private company, limited by shares and incorporated in England.
Its registered number is:  09326769
The address of its Registered Office is:
International House
12 Constance Street
London
E16 2DQ

Page 4

 
PORT VALUE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 December 2022
221,051



At 30 November 2023

221,051






Net book value



At 30 November 2023
221,051



At 30 November 2022
221,051


5.


Debtors

2023
2022
£
£


Trade debtors
550
550

550
550



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
379
-

Other creditors
2,554
1,703

Accruals and deferred income
1,020
1,020

3,953
2,723


Page 5

 
PORT VALUE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
211,913
238,780

211,913
238,780


 
Page 6