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Registered number: 15340639









PORT-P EOT TRUSTEES LIMITED
(A company limited by guarantee)







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
PORT-P EOT TRUSTEES LIMITED
 
(A company limited by guarantee)
 
 
COMPANY INFORMATION


Directors
Dr M Paget (appointed 9 December 2023)
Ms AM Robinson (appointed 30 January 2024)




Registered number
15340639



Registered office
Floor 7
45 Church Street

Birmingham

B3 2RT




Accountants
PKF Smith Cooper Limited

Cornerblock

2 Cornwall Street

Birmingham

B3 2DX





 
PORT-P EOT TRUSTEES LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Directors' report
1 - 2
Accountants' report
3
Balance sheet
4
Notes to the financial statements
5


 
PORT-P EOT TRUSTEES LIMITED

(A company limited by guarantee)
 
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the period ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The company's sole purpose is acting as the sole corporate trustee of Port- P Employee Ownership Trust. The company carries out no further activity.

Directors

The directors who served during the period were:

Dr M Paget (appointed 9 December 2023)
Ms AM Robinson (appointed 30 January 2024)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 
PORT-P EOT TRUSTEES LIMITED

(A company limited by guarantee)
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024


This report was approved by the board on 12 March 2025 and signed on its behalf.
 





Dr M Paget
Director

Page 2

 
PORT-P EOT TRUSTEES LIMITED
 
(A company limited by guarantee)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PORT-P EOT TRUSTEES LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Port-P EOT Trustees Limited for the period ended 31 December 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Port-P EOT Trustees Limited, as a body, in accordance with the terms of our engagement letter dated 10 February 2025Our work has been undertaken solely to prepare for your approval the financial statements of Port-P EOT Trustees Limited and state those matters that we have agreed to state to the Board of directors of Port-P EOT Trustees Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Port-P EOT Trustees Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Port-P EOT Trustees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Port-P EOT Trustees Limited. You consider that Port-P EOT Trustees Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Port-P EOT Trustees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



PKF Smith Cooper Limited
 
Cornerblock
2 Cornwall Street
Birmingham
B3 2DX
13 March 2025
Page 3

 
PORT-P EOT TRUSTEES LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 15340639

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

  

  

Net current assets
  
 
-

Total assets less current liabilities
  
-

  

Net assets
  
-


Capital and reserves
  

  
-


For the period ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2025.




Dr M Paget
Director

The notes on page 5 form part of these financial statements.

Page 4

 
PORT-P EOT TRUSTEES LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Port-P EOT Trustees Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered office address and registration number can be found on the information page to these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

  
2.2

Reporting period

The Company was incorporated on 9 December 2023, therefore the financial statements reflect the trading activities for the 13 months trading ended 31 December 2024 and there are no comparatives.


3.


Employees



The average monthly number of employees, including directors, during the period was 0.



4.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


5.


Controlling party

The Company is controlled by its Trustees.

Page 5