PORTGOWER 3 LTD

Company Registration Number:
SC704274 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 August 2022

End date: 31 January 2024

PORTGOWER 3 LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

PORTGOWER 3 LTD

Balance sheet

As at 31 January 2024


Notes

18 months to 31 January 2024

13 months to 31 July 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 66,496 65,700
Tangible assets: 4 38,406 40,634
Investments:   0 0
Total fixed assets: 104,902 106,334
Current assets
Stocks: 0 4,730
Debtors:   16,253 45,192
Cash at bank and in hand: 0 1,884
Investments:   0 0
Total current assets: 16,253 51,806
Creditors: amounts falling due within one year:   (165,667) (68,727)
Net current assets (liabilities): (149,414) (16,921)
Total assets less current liabilities: (44,512) 89,413
Creditors: amounts falling due after more than one year:   (151,510) (110,010)
Provision for liabilities: 0 0
Total net assets (liabilities): (196,022) (20,597)
Capital and reserves
Called up share capital: 400 400
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (196,422) (20,997)
Shareholders funds: (196,022) (20,597)

The notes form part of these financial statements

PORTGOWER 3 LTD

Balance sheet statements

For the year ending 31 January 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: John P Donnelly
Status: Director

The notes form part of these financial statements

PORTGOWER 3 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

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

PORTGOWER 3 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

18 months to 31 January 2024 13 months to 31 July 2022
Average number of employees during the period 12 0

PORTGOWER 3 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 August 2022 73,000
Additions 8,996
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2024 81,996
Amortisation
At 01 August 2022 7,300
Charge for year 8,200
On disposals 0
Other adjustments 0
At 31 January 2024 15,500
Net book value
At 31 January 2024 66,496
At 31 July 2022 65,700

PORTGOWER 3 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 August 2022 47,884
Additions 4,794
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2024 52,678
Depreciation
At 01 August 2022 7,250
Charge for year 7,022
On disposals 0
Other adjustments 0
At 31 January 2024 14,272
Net book value
At 31 January 2024 38,406
At 31 July 2022 40,634

PORTGOWER 3 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Related party transactions

Name of the related party: John P Donnelly Associates Ltd
Relationship:
Directors and shareholders in common.
Description of the Transaction: Intercompany loan.
£
Balance at 01 August 2022 11,235
Balance at 31 January 2024 57,190
Name of the related party: Bruce Walker
Relationship:
Shareholder
Description of the Transaction: Loan.
£
Balance at 01 August 2022 110,010
Balance at 31 January 2024 151,510