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Company Registration No. 11786238 (England and Wales)
PORTOBELLO ADVISORS LTD Unaudited accounts for the year ended 31 January 2024
PORTOBELLO ADVISORS LTD Unaudited accounts Contents
Page
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PORTOBELLO ADVISORS LTD Company Information for the year ended 31 January 2024
Director
Giles Godfrey
Company Number
11786238 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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PORTOBELLO ADVISORS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,754 
2,457 
Current assets
Debtors
3,664 
3,358 
Cash at bank and in hand
41,800 
48,270 
45,464 
51,628 
Creditors: amounts falling due within one year
(2,193)
(4,185)
Net current assets
43,271 
47,443 
Net assets
46,025 
49,900 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,024 
49,899 
Shareholders' funds
46,025 
49,900 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Giles Godfrey Director Company Registration No. 11786238
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PORTOBELLO ADVISORS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PORTOBELLO ADVISORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11786238. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line Method - Useful Economic Life - 5 years
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,200 
1,221 
5,421 
Additions
- 
999 
999 
At 31 January 2024
4,200 
2,220 
6,420 
Depreciation
At 1 February 2023
2,227 
737 
2,964 
Charge for the year
700 
419 
1,119 
On disposals
(417)
- 
(417)
At 31 January 2024
2,510 
1,156 
3,666 
Net book value
At 31 January 2024
1,690 
1,064 
2,754 
At 31 January 2023
1,973 
484 
2,457 
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PORTOBELLO ADVISORS LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
578 
- 
Accrued income and prepayments
- 
76 
Other debtors
- 
196 
578 
272 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
3,086 
3,086 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
2,193 
2,193 
Accruals
- 
1,992 
2,193 
4,185 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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