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REGISTERED NUMBER: 11679711 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Portwood Holdings Limited

Portwood Holdings Limited (Registered number: 11679711)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Portwood Holdings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr D Webster
Mrs A Webster





REGISTERED OFFICE: Counter Farm
Brook Street
Woodchurch
Ashford
TN26 3SP





REGISTERED NUMBER: 11679711 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Portwood Holdings Limited (Registered number: 11679711)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 162,244 86,644

CURRENT ASSETS
Debtors 5 - 1,219
Cash at bank 264 174
264 1,393
CREDITORS
Amounts falling due within one year 6 39,532 100,266
NET CURRENT LIABILITIES (39,268 ) (98,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,976

(12,229

)

CREDITORS
Amounts falling due after more than one year 7 115,409 6,136
NET ASSETS/(LIABILITIES) 7,567 (18,365 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 56,700 -
Retained earnings (49,233 ) (18,465 )
7,567 (18,365 )

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.

Portwood Holdings Limited (Registered number: 11679711)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 May 2024 and were signed on its behalf by:




Mr D Webster - Director



Mrs A Webster - Director


Portwood Holdings Limited (Registered number: 11679711)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Portwood Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 86,644
Revaluations 75,600
At 30 November 2023 162,244
NET BOOK VALUE
At 30 November 2023 162,244
At 30 November 2022 86,644

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 86,644
Valuation in 2023 75,600
162,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 1,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 2,000 1,028
Other creditors 37,532 99,238
39,532 100,266

Portwood Holdings Limited (Registered number: 11679711)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 115,409 6,136