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REGISTERED NUMBER: 10877125 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Portfolio Technology Limited

Portfolio Technology Limited (Registered number: 10877125)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Portfolio Technology Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: H Lahooti
C N Lahooti





SECRETARY: C N Lahooti





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 10877125 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Portfolio Technology Limited (Registered number: 10877125)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,152 1,694
Investments 5 62,796 -
63,948 1,694

CURRENT ASSETS
Debtors 6 - 3,389
Cash at bank 9,953 92,252
9,953 95,641
CREDITORS
Amounts falling due within one year 7 32,314 12,396
NET CURRENT (LIABILITIES)/ASSETS (22,361 ) 83,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,587

84,939

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 41,487 84,839
SHAREHOLDERS' FUNDS 41,587 84,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:




H Lahooti - Director


Portfolio Technology Limited (Registered number: 10877125)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Portfolio Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 630 3,448 4,078
DEPRECIATION
At 1 February 2023 365 2,019 2,384
Charge for year 66 476 542
At 31 January 2024 431 2,495 2,926
NET BOOK VALUE
At 31 January 2024 199 953 1,152
At 31 January 2023 265 1,429 1,694

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 112,791
Disposals (53,121 )
Revaluations 3,126
At 31 January 2024 62,796
NET BOOK VALUE
At 31 January 2024 62,796

Portfolio Technology Limited (Registered number: 10877125)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Cost 62,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 3,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security - 94
Other creditors 32,314 12,302
32,314 12,396

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100