PORTMAN EVENT BARS LIMITED

Company Registration Number:
13996788 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PORTMAN EVENT BARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PORTMAN EVENT BARS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 21,600 22,800
Tangible assets: 4 13,226 17,635
Investments:   0 0
Total fixed assets: 34,826 40,435
Current assets
Stocks: 341 1,900
Debtors:   7,703 2,655
Cash at bank and in hand: 1,702 2,905
Investments:     0
Total current assets: 9,746 7,460
Creditors: amounts falling due within one year:   (14,853) (19,844)
Net current assets (liabilities): (5,107) (12,384)
Total assets less current liabilities: 29,719 28,051
Creditors: amounts falling due after more than one year: 5 (7,261) (11,042)
Provision for liabilities: (1,874) (779)
Total net assets (liabilities): 20,584 16,230
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 20,384 16,030
Shareholders funds: 20,584 16,230

The notes form part of these financial statements

PORTMAN EVENT BARS LIMITED

Balance sheet statements

For the year ending 31 March 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 10 October 2024
and signed on behalf of the board by:

Name: Robert James Perry
Status: Director

The notes form part of these financial statements

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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

Turnover policy

Turnover consists of the total takings for the events attended during the accounting period, net of VAT.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less the estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to the receivable amount. Any such write down is charged to operating profit. Plant & machinery - 25% reducing balance basis

Intangible fixed assets and amortisation policy

Intangible assets, including goodwill, are amortised at rates calculated to write off their value, on a straight line basis, over their estimated economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value may not be fully recoverable

Other accounting policies

Deferred Taxation: Deferred tax arises as a result of including items of income and expenditure in taxation computations, in periods different from those in which they feature in the accounts. Deferred tax is provided on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates expected to apply when the timing differences reverse, based upon current tax rates and laws. Going Concern Basis: The accounts have been prepared upon the assumption that the company is able to carry on business as a going concern and the importance of the continued support of the director is noted in this regard.

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 24,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 24,000
Amortisation
At 01 April 2023 1,200
Charge for year 1,200
On disposals 0
Other adjustments 0
At 31 March 2024 2,400
Net book value
At 31 March 2024 21,600
At 31 March 2023 22,800

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 23,513
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 23,513
Depreciation
At 01 April 2023 5,878
Charge for year 4,409
On disposals 0
Other adjustments 0
At 31 March 2024 10,287
Net book value
At 31 March 2024 13,226
At 31 March 2023 17,635

PORTMAN EVENT BARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Bank Loans outstanding at the balance sheet date: 2024 - £7261 (2023 - £11042)