Company registration number 02982111 (England and Wales)
PORTOBELLO BOOKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PORTOBELLO BOOKS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PORTOBELLO BOOKS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(2,630,824)
(2,630,824)
Net current liabilities
(2,630,824)
(2,630,824)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(2,630,826)
(2,630,826)
Total equity
(2,630,824)
(2,630,824)

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the provisions of FRS 102 Section 1A - small entities.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 17 September 2024
Ms S. Rausing
Director
Company registration number 02982111 (England and Wales)
PORTOBELLO BOOKS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Portobello Books Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Addison Avenue, London, UK, W11 4QR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.2

Dormant Status

The company was dormant (within the meaning of Section 480 of the Companies Act 2006) throughout the year ended 31 December 2020. The company has not traded during the year or during the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

1.3

Profit and Loss Account

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,630,824
2,630,824
PORTOBELLO BOOKS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Related party transactions

Other creditors include unsecured, interest free loans of £2,630,824 (2022: £2,630,824) funded by Ms S. Rausing, the director of the company. The loan has no fixed repayment date, however the director has confirmed that the loans will not be recalled for at least a year from the date of approval of the accounts.

5
Parent company

The company's immediate and ultimate parent company is Granta Holdings Limited.

The ultimate controlling party of that company is Ms S. Rausing.

2023-12-312023-01-01true17 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMs S. RausingMrs E. Wedmorefalsefalse029821112023-01-012023-12-31029821112023-12-3102982111core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3102982111core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31029821112022-12-3102982111core:ShareCapital2023-12-3102982111core:ShareCapital2022-12-3102982111core:RetainedEarningsAccumulatedLosses2023-12-3102982111core:RetainedEarningsAccumulatedLosses2022-12-3102982111bus:Director12023-01-012023-12-31029821112022-01-012022-12-3102982111core:CurrentFinancialInstruments2023-12-3102982111core:CurrentFinancialInstruments2022-12-3102982111bus:EntityNoLongerTradingButTradedInPast2023-01-012023-12-3102982111bus:PrivateLimitedCompanyLtd2023-01-012023-12-3102982111bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102982111bus:FRS1022023-01-012023-12-3102982111bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3102982111bus:CompanySecretary12023-01-012023-12-3102982111bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP