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REGISTERED NUMBER: 05441057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

PORTLY PIG PRODUCTIONS LIMITED

PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTLY PIG PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Ms S K Ash
Mr J C Ash





SECRETARY: Mr J C Ash





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 05441057 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,966 10,041
Investment property 5 203,764 203,764
212,730 213,805

CURRENT ASSETS
Debtors 6 1,342 2,343
Cash at bank 109,396 100,023
110,738 102,366
CREDITORS
Amounts falling due within one year 7 7,748 4,303
NET CURRENT ASSETS 102,990 98,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,720

311,868

PROVISIONS FOR LIABILITIES 8 10,585 10,676
NET ASSETS 305,135 301,192

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 40,500 40,500
Retained earnings 264,633 260,690
SHAREHOLDERS' FUNDS 305,135 301,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)

BALANCE SHEET - continued
31 MAY 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr J C Ash - Director


PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Portly Pig Productions 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.

Turnover
Turnover is derived from ordinary activities and stated net of Value Added Tax. Revenue is recognised at the point when the company satisfies a performance obligation to a customer as agreed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

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

PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 77,196
DEPRECIATION
At 1 June 2023 67,155
Charge for year 1,075
At 31 May 2024 68,230
NET BOOK VALUE
At 31 May 2024 8,966
At 31 May 2023 10,041

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 203,764
NET BOOK VALUE
At 31 May 2024 203,764
At 31 May 2023 203,764

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 50,000
Cost 153,764
203,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,342 2,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 2,553 170
Other creditors 5,195 4,133
7,748 4,303

PORTLY PIG PRODUCTIONS LIMITED (REGISTERED NUMBER: 05441057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 10,585 10,676

Deferred
tax
£   
Balance at 1 June 2023 10,676
Utilised during year (91 )
Balance at 31 May 2024 10,585

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 40,500

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £4,155 (31.5.23: £3,143).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S K Ash.