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REGISTERED NUMBER: 03803021










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PORTDUAL LIMITED

PORTDUAL LIMITED (REGISTERED NUMBER: 03803021)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PORTDUAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Suk Fan Shum





REGISTERED OFFICE: Grosvenor House
45 The Downs
Altrincham
Cheshire
WA14 2QG





REGISTERED NUMBER: 03803021





ACCOUNTANTS: Blair Shepherd
Chartered Accountants
16A Regent Road
Altrincham
Cheshire
WA14 1RP

PORTDUAL LIMITED (REGISTERED NUMBER: 03803021)

STATEMENT OF FINANCIAL POSITION
31 July 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 601,763 601,763

CURRENT ASSETS
Cash at bank 542,979 489,311

CREDITORS
Amounts falling due within one year 5 75,161 56,426
NET CURRENT ASSETS 467,818 432,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,581

1,034,648

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 1,069,579 1,034,646
SHAREHOLDERS' FUNDS 1,069,581 1,034,648

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

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

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 18 April 2025 and were signed by:





Suk Fan Shum - Director


PORTDUAL LIMITED (REGISTERED NUMBER: 03803021)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Portdual Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

PORTDUAL LIMITED (REGISTERED NUMBER: 03803021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 August 2023
and 31 July 2024 601,763
NET BOOK VALUE
At 31 July 2024 601,763
At 31 July 2023 601,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Taxation 71,469 45,949
Accrued expenses 1,969 1,921
Amounts received in advance - 6,833
Directors' loan accounts 1,723 1,723
75,161 56,426

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
2 Ordinary shares £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 August 2023 1,034,646
Profit for the year 84,933
Dividends (50,000 )
At 31 July 2024 1,069,579