PROPERTY PORT LIMITED

Company Registration Number:
09322182 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 31 December 2022

End date: 31 December 2023

PROPERTY PORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PROPERTY PORT LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Mathan Shanmugam Mohan
Registered office: Unit 1
259-261 Northolt Road,
Harrow
Middlesex
England
HA2 8HS
Company Registration Number: 09322182 (England and Wales)

PROPERTY PORT LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

Real estate agencies introducers.

Directors

The directors shown below have held office during the whole of the period from 31 December 2022 to 31 December 2023
Mathan Shanmugam Mohan

This report was approved by the board of directors on 25 September 2024
And Signed On Behalf Of The Board By:

Name: Mathan Shanmugam Mohan
Status: Director

PROPERTY PORT LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 520 520
Gross Profit or (Loss) 520 520
Administrative Expenses ( 251 ) ( 115 )
Operating Profit or (Loss) 269 405
Interest Payable and Similar Charges ( 139 ) ( 325 )
Profit or (Loss) Before Tax 130 80
Tax on Profit ( 25 ) ( 15 )
Profit or (Loss) for Period 105 65

The notes form part of these financial statements

PROPERTY PORT LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 3,397 3,687
Cash at bank and in hand: 164 2,821
Total current assets: 3,561 6,508
Prepayments and accrued income: 6,091 4,894
Creditors: amounts falling due within one year: 5 ( 2,034 ) ( 2,009 )
Net current assets (liabilities): 7,618 9,393
Total assets less current liabilities: 7,618 9,393
Creditors: amounts falling due after more than one year: 6 ( 4,543 ) ( 6,423 )
Total net assets (liabilities): 3,075 2,970

The notes form part of these financial statements

PROPERTY PORT LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,975 2,870
Shareholders funds: 3,075 2,970

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 25 September 2024
And Signed On Behalf Of The Board By:

Name: Mathan Shanmugam Mohan
Status: Director

The notes form part of these financial statements

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts
    and value added taxes. Turnover includes revenue earned from the sale of goods and from the
    rendering of services. Turnover from the sale of goods is recognised when the significant risks
    and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering
    of services is recognised by reference to the stage of completion of the contract. The stage of
    completion of a contract is measured by comparing the costs incurred for work performed to date
    to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors


2023
£

2022
£
Trade debtors 520
Prepayments and accrued income 3,397 3,167
Total 3,397 3,687

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 1,880 1,880
Taxation and social security 154 129
Total 2,034 2,009

PROPERTY PORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 4,543 6,423
Total 4,543 6,423