Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12392503 Mr Gary Applebee Mr Daniel Sams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12392503 2023-01-31 12392503 2024-01-31 12392503 2023-02-01 2024-01-31 12392503 frs-core:CurrentFinancialInstruments 2024-01-31 12392503 frs-core:Non-currentFinancialInstruments 2024-01-31 12392503 frs-core:ShareCapital 2024-01-31 12392503 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12392503 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12392503 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12392503 frs-bus:SmallEntities 2023-02-01 2024-01-31 12392503 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12392503 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12392503 frs-bus:Director1 2023-02-01 2024-01-31 12392503 frs-bus:Director2 2023-02-01 2024-01-31 12392503 frs-countries:EnglandWales 2023-02-01 2024-01-31 12392503 2022-01-31 12392503 2023-01-31 12392503 2022-02-01 2023-01-31 12392503 frs-core:CurrentFinancialInstruments 2023-01-31 12392503 frs-core:Non-currentFinancialInstruments 2023-01-31 12392503 frs-core:ShareCapital 2023-01-31 12392503 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12392503
Portland Group Investments Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12392503
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 343,868 343,868
343,868 343,868
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 26,895 51,157
26,995 51,257
Creditors: Amounts Falling Due Within One Year 6 (636 ) (593 )
NET CURRENT ASSETS (LIABILITIES) 26,359 50,664
TOTAL ASSETS LESS CURRENT LIABILITIES 370,227 394,532
Creditors: Amounts Falling Due After More Than One Year 7 (371,051 ) (395,565 )
NET LIABILITIES (824 ) (1,033 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (924 ) (1,133 )
SHAREHOLDERS' FUNDS (824) (1,033)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Applebee
Director
Mr Daniel Sams
Director
30 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Portland Group Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12392503 . The registered office is The Mill Alderton Road, Paulerspury, Towcester, NN12 7LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 343,868
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Other creditors 637 594
636 593
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 221,051 245,565
Other creditors 150,000 150,000
371,051 395,565
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4