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REGISTERED NUMBER: 04927802 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PORTIA RENTED HOMES LIMITED

PORTIA RENTED HOMES LIMITED (REGISTERED NUMBER: 04927802)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTIA RENTED HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: P Boghurst





REGISTERED OFFICE: 12 College Green
Eastbourne
East Sussex
BN21 2JT





REGISTERED NUMBER: 04927802 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

PORTIA RENTED HOMES LIMITED (REGISTERED NUMBER: 04927802)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110 147
Investment property 5 360,000 360,000
360,110 360,147

CURRENT ASSETS
Cash at bank 12,891 10,446

CREDITORS
Amounts falling due within one year 6 76,499 77,876
NET CURRENT LIABILITIES (63,608 ) (67,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,502

292,717

CREDITORS
Amounts falling due after more than one
year

7

-

4,518
NET ASSETS 296,502 288,199

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 138,662 138,662
Retained earnings 157,740 149,437
SHAREHOLDERS' FUNDS 296,502 288,199

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

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

PORTIA RENTED HOMES LIMITED (REGISTERED NUMBER: 04927802)

BALANCE SHEET - continued
31 OCTOBER 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 by the director and authorised for issue on 25 February 2025 and were signed by:





P Boghurst - Director


PORTIA RENTED HOMES LIMITED (REGISTERED NUMBER: 04927802)

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

1. STATUTORY INFORMATION

Portia Rented Homes 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 represents rental income receivable.

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 - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 829
DEPRECIATION
At 1 November 2023 682
Charge for year 37
At 31 October 2024 719
NET BOOK VALUE
At 31 October 2024 110
At 31 October 2023 147

PORTIA RENTED HOMES LIMITED (REGISTERED NUMBER: 04927802)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 360,000
NET BOOK VALUE
At 31 October 2024 360,000
At 31 October 2023 360,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 221,338
Valuation in 2018 108,662
Valuation in 2021 30,000
360,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 499 -
Taxation and social security 2,111 1,851
Other creditors 73,889 76,025
76,499 77,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 4,518

8. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 138,662

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a loan from the director. An interest rate of 1.4% has been charged on the average balance of this loan and the loan has no fixed term for repayment.

10. ULTIMATE CONTROLLING PARTY

Mr P Boghurst controls the company by virtue of his 76% shareholding of the issued share capital.