Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetruetruetruetruetruetrue2023-01-01trueNo description of principal activity22true 05961505 2023-01-01 2023-12-31 05961505 2022-01-01 2022-12-31 05961505 2023-12-31 05961505 2022-12-31 05961505 c:Director1 2023-01-01 2023-12-31 05961505 d:CurrentFinancialInstruments 2023-12-31 05961505 d:CurrentFinancialInstruments 2022-12-31 05961505 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05961505 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05961505 d:RetainedEarningsAccumulatedLosses 2023-12-31 05961505 d:RetainedEarningsAccumulatedLosses 2022-12-31 05961505 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05961505 c:OrdinaryShareClass1 2023-12-31 05961505 c:OrdinaryShareClass2 2023-01-01 2023-12-31 05961505 c:OrdinaryShareClass2 2023-12-31 05961505 c:OrdinaryShareClass3 2023-01-01 2023-12-31 05961505 c:OrdinaryShareClass3 2023-12-31 05961505 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 05961505 c:FRS101 2023-01-01 2023-12-31 05961505 c:Audited 2023-01-01 2023-12-31 05961505 c:FullAccounts 2023-01-01 2023-12-31 05961505 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05961505 d:Subsidiary1 2023-01-01 2023-12-31 05961505 d:Subsidiary1 1 2023-01-01 2023-12-31 05961505 d:Subsidiary2 2023-01-01 2023-12-31 05961505 d:Subsidiary2 1 2023-01-01 2023-12-31 05961505 d:Subsidiary3 2023-01-01 2023-12-31 05961505 d:Subsidiary3 1 2023-01-01 2023-12-31 05961505 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05961505 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05961505









PORTMAN GROUP HOLDINGS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PORTMAN GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 05961505

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£000
£000

  

Non-current assets
  

Investments
 5 
1,041
1,041

Total Assets
  
1,041
1,041

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(2,904)
(2,904)

Net current liabilities
  
 
 
(2,904)
 
 
(2,904)

Total assets less current liabilities
  
(1,863)
(1,863)

  

  

  

Net liabilities
  
(1,863)
(1,863)


Capital and reserves
  

Profit and loss account
  
(1,863)
(1,863)

Total Equity
  
(1,863)
(1,863)


The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Nevin
Director
Date: 26 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
PORTMAN GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Portman Group Holdings Limited ("the company") is a limited liability company and is registered and incorporated in England and Wales. The registered number is 05961505 and the registered address is 4th Floor, Broadhurst House, 56 Oxford Street, Manchester, M1 6EU.
The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1,000.
The financial statements for the Company are made up for the year to 31 December 2023 with the comparative to the previous year to 31 December 2022. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of paragraphs 45(b) and 46-52 of IFRS 2 Share-based payment
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
the requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)-134(f) and 135(c)-135(e) of IAS 36 Impairment of Assets.

This information is included in the consolidated financial statements of The Portman Travel Group Limited as at 31 December 2023 and these financial statements may be obtained from Companies House.

Page 2

 
PORTMAN GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in compliance with FRSs as adopted by the UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 101 Reduced Disclosure Framework and with those parts of the Companies Act 2006 applicable to Companies reporting under FRS, requires management to make judgements, estimates and assumptions that affect the amount reported for assets and liabilities as at the balance sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. There were no judgements or material estimation uncertainties affecting the reported financial performance in the current or prior year.


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


5.


Fixed asset investments





Investments in subsidiary companies

£000



Cost or valuation


At 1 January 2023
1,041



At 31 December 2023
1,041




Page 3

 
PORTMAN GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principle activity

Holding

Portman Travel Solutions Ltd
4th Floor Broadhurst House, 56 Oxford Street, Manchester, M1 6EU
UK
Dormant
100%
Portman Travel BV
83F Polaris avenue, Hoofddorp
Netherlands
Business Travel Management
100%
Portman Travel (Ireland) Limited
Trinity House, Charleston Road, Dublin 6, DO6 C8X4
Ireland
Business Travel Management Services
100%


6.


Trade and other creditors

2023
2022
£000
£000

Amounts due to related parties
2,904
2,904

Trade and other creditors
2,904
2,904


The directors consider that the carrying amount of trade and other payables is approximate to their fair value.


7.


Share capital

2023
2022
£000
£000
Allotted, called up and fully paid



375,000 A Ordinary shares shares of £0.0000- each
-
-
136,040 B Ordinary shares shares of £0.0000- each
-
-
3,752 C Ordinary shares shares of £0.0001- each
-
-

-

-

On 3rd May 2019 to reduce the Share capital pursuant to Section 642 of the Companies Act 2006, the directors passed a board resolution as part of an ongoing Group restructure plan. The nominal share capital issued following the board resolution was £1.
The A,B and C ordinary shareholders rank pari passu for payment of dividends and the distribution of any surplus of assets after payment of liabilities on the winding up of the company. A and B shareholders are entitled to one vote per ordinary share. All other rights, including dividend rights are determined by the Board of Directors at their discretion.

Page 4

 
PORTMAN GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.Share capital (continued)



8.


Ultimate controlling party

The Company is a subsidiary of Clarity Travel Limited, which is incorporated in England and Wales. Seera Holding Group is regarded by the directors as the Company's ultimate parent undertaking and ultimate controlling party.
The smallest group in which the results of the Company are consolidated is that of The Portman Travel Group Limited. The largest group in which the results of the Company are consolidated is the Seera Holding Group. The consolidated financial statements of Portman Travel Group Limited may be obtained from Elegant House, Sandpiper Way, Chester Business Park, CH4 9QE.



9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 26 September 2024 by Karanjit Gill FCCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

Page 5