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REGISTERED NUMBER: 04321453 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

Porters Properties Limited

Porters Properties Limited (Registered number: 04321453)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Porters Properties Limited

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Mr D M Porter
Mrs V Hawkes
Mr D J Porter





SECRETARY: Mr D J Porter





REGISTERED OFFICE: Units SCF 1 & 2 South Core
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 04321453 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

Porters Properties Limited (Registered number: 04321453)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,800 121,800

CURRENT ASSETS
Cash at bank 3,813 9,062

CREDITORS
Amounts falling due within one year 5 15,328 17,339
NET CURRENT LIABILITIES (11,515 ) (8,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,285

113,523

CREDITORS
Amounts falling due after more than one year 6 96,515 96,515
NET ASSETS 13,770 17,008

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,770 16,008
SHAREHOLDERS' FUNDS 13,770 17,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 profit or loss 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.

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 23 August 2024 and were signed on its behalf by:





Mr D M Porter - Director


Porters Properties Limited (Registered number: 04321453)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Porters Properties Limited is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings Improvements Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 113,895 7,905 121,800
NET BOOK VALUE
At 30 November 2023 113,895 7,905 121,800
At 30 November 2022 113,895 7,905 121,800

As per the directors the market value of the properties are in excess of the cost stated in the accounts.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,030 4,030
Taxation and social security - 643
Other creditors 11,298 12,666
15,328 17,339

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 96,515 96,515

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan 80,395 80,395

Bank loans are secured against the Freehold property.

7. RELATED PARTY DISCLOSURES

There were no transactions which need to be disclosed under the Financial Reporting Standard 102 (1A) .(effective January 2016).

Porters Properties Limited (Registered number: 04321453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D M Porter.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PORTERS PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Porters Properties Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Porters Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Porters Properties Limited and state those matters that we have agreed to state to the Board of Directors of Porters Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Porters Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Porters Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Porters Properties Limited. You consider that Porters Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Porters Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


23 August 2024