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REGISTERED NUMBER: 03898587 (England and Wales)












PORTELLA LTD

Financial Statements

for the Period

1 June 2023 to 30 November 2024






PORTELLA LTD (REGISTERED NUMBER: 03898587)






Contents of the Financial Statements
for the Period 1 June 2023 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PORTELLA LTD

Company Information
for the Period 1 June 2023 to 30 November 2024







DIRECTOR: I H McIvor





SECRETARY: J Fairfax





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 03898587 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

PORTELLA LTD (REGISTERED NUMBER: 03898587)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,826 409,227

CURRENT ASSETS
Debtors 5 148,375 141,628
Cash at bank 508 985
148,883 142,613
CREDITORS
Amounts falling due within one year 6 583,909 532,806
NET CURRENT LIABILITIES (435,026 ) (390,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,800

19,034

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 16,798 19,032
SHAREHOLDERS' FUNDS 16,800 19,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





I H McIvor - Director


PORTELLA LTD (REGISTERED NUMBER: 03898587)

Notes to the Financial Statements
for the Period 1 June 2023 to 30 November 2024

1. STATUTORY INFORMATION

Portella Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

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

PORTELLA LTD (REGISTERED NUMBER: 03898587)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 30 November 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2023 409,227
Additions 42,599
At 30 November 2024 451,826
NET BOOK VALUE
At 30 November 2024 451,826
At 31 May 2023 409,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from related party 147,240 141,590
VAT 1,135 38
148,375 141,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 583,159 532,056
Accrued expenses 750 750
583,909 532,806

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

8. RESERVES
Retained
earnings
£   

At 1 June 2023 19,032
Deficit for the period (2,234 )
At 30 November 2024 16,798