Company registration number:
14180795
Portfolio PPM Limited
Unaudited filleted financial statements
30 June 2024
Portfolio PPM Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Portfolio PPM Limited
Directors and other information
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Director |
S Dollins |
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Company number |
14180795 |
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Registered office |
392-394 Hoylake Road |
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Moreton |
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Wirral |
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England |
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CH46 6DF |
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Accountant |
Hailwood & Co. |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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Portfolio PPM Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Portfolio PPM Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Portfolio PPM Limited for the year ended 30 June 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
My work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
26 March 2025
Portfolio PPM Limited
Statement of financial position
30 June 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
9,498 |
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- |
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Cash at bank and in hand |
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71 |
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5,174 |
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_______ |
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_______ |
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9,569 |
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5,174 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
9,208) |
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(
4,908) |
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_______ |
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_______ |
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Net current assets |
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361 |
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266 |
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_______ |
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Total assets less current liabilities |
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361 |
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266 |
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_______ |
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_______ |
Net assets |
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361 |
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266 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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360 |
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265 |
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_______ |
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_______ |
Shareholders funds |
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361 |
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266 |
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_______ |
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_______ |
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 March 2025
, and are signed on behalf of the board by:
S Dollins
Director
Company registration number:
14180795
Portfolio PPM Limited
Notes to the financial statements
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, England, CH46 6DF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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9,498 |
- |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Corporation tax |
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7,473 |
3,933 |
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Other creditors |
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1,735 |
975 |
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_______ |
_______ |
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9,208 |
4,908 |
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_______ |
_______ |
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