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COMPANY REGISTRATION NUMBER: SC240842
Portobello Partnership Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Portobello Partnership Limited
Financial Statements
Year ended 31 December 2023
Contents
Pages
Statement of financial position and the notes to the financial statements
1 to 2
Portobello Partnership Limited
Statement of Financial Position
31 December 2023
2023
2022
£
£
£
Fixed assets
452,061
400,394
---------
---------
Current assets
861,597
1,132,483
Prepayments and accrued income
349
5,702
---------
------------
861,946
1,138,185
Creditors: amounts falling due within one year
4,150
64,569
---------
------------
Net current assets
857,796
1,073,616
------------
------------
Total assets less current liabilities
1,309,857
1,474,010
Provisions for liabilities
-
7,672
------------
------------
1,309,857
1,466,338
------------
------------
Capital and reserves
1,309,857
1,466,338
------------
------------
Notes to the financial statements
1. Directors' advances, credits and guarantees
Included with other Debtors is a loan to a director of £9,556 (2022: £263,918). Interest on the loan is charged at 2% per annum. There is no fixed terms of repayment.
2. Transition to FRS 105
The Company transferred from FRS 102 to FRS 105 as at 1 January 2023.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
D A Begg
Director
Company registration number: SC240842
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 61 Dublin Street, Edinburgh, EH3 6NL.