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REGISTERED NUMBER: 12508633 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PORTCHESTER HOLDINGS LIMITED

PORTCHESTER HOLDINGS LIMITED (REGISTERED NUMBER: 12508633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PORTCHESTER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mrs S J Morrison
B M Creese





REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR





REGISTERED NUMBER: 12508633 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

PORTCHESTER HOLDINGS LIMITED (REGISTERED NUMBER: 12508633)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 250,992 281,440

CURRENT ASSETS
Cash at bank 19,988 29,994

CREDITORS
Amounts falling due within one year 5 244,110 232,569
NET CURRENT LIABILITIES (224,122 ) (202,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,870

78,865

CAPITAL AND RESERVES
Called up share capital 6 110 110
Retained earnings 26,760 78,755
SHAREHOLDERS' FUNDS 26,870 78,865

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

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

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 Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:





Mrs S J Morrison - Director


PORTCHESTER HOLDINGS LIMITED (REGISTERED NUMBER: 12508633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Portchester Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 33% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year 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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

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

PORTCHESTER HOLDINGS LIMITED (REGISTERED NUMBER: 12508633)

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


4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2024 8,171 347,963 20,046
Additions 8,396 2,050 2,223
At 31st December 2024 16,567 350,013 22,269
DEPRECIATION
At 1st January 2024 5,001 118,379 6,647
Charge for year 5,510 34,774 3,947
At 31st December 2024 10,511 153,153 10,594
NET BOOK VALUE
At 31st December 2024 6,056 196,860 11,675
At 31st December 2023 3,170 229,584 13,399

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 2,082 46,369 424,631
Additions - 7,700 20,369
At 31st December 2024 2,082 54,069 445,000
DEPRECIATION
At 1st January 2024 698 12,466 143,191
Charge for year 346 6,240 50,817
At 31st December 2024 1,044 18,706 194,008
NET BOOK VALUE
At 31st December 2024 1,038 35,363 250,992
At 31st December 2023 1,384 33,903 281,440

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 243,019 231,501
Other creditors 1,091 1,068
244,110 232,569

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A 1 75 75
10 Ordinary B 1 10 10
25 Ordinary C 1 25 25
110 110