Company Registration No. 12534879 (England and Wales)
Port Property Investments Limited
Unaudited accounts
for the year ended 31 March 2025
Port Property Investments Limited
Unaudited accounts
Contents
Port Property Investments Limited
Company Information
for the year ended 31 March 2025
Directors
Richard Louis Port
Jessica Llewellyn Port
Company Number
12534879 (England and Wales)
Registered Office
7, Bridge View Park
Henry Boot Way
Hull
HU4 7DW
United Kingdom
Port Property Investments Limited
Statement of financial position
as at 31 March 2025
Tangible assets
79,109
1,200
Investment property
365,000
195,000
Cash at bank and in hand
1
404
Creditors: amounts falling due within one year
-
(817)
Net current assets/(liabilities)
1
(413)
Total assets less current liabilities
444,110
195,787
Creditors: amounts falling due after more than one year
(445,597)
(190,869)
Net (liabilities)/assets
(1,487)
4,918
Called up share capital
1
1
Profit and loss account
(1,488)
4,917
Shareholders' funds
(1,487)
4,918
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Richard Louis Port
Director
Company Registration No. 12534879
Port Property Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
Port Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12534879. The registered office is 7, Bridge View Park, Henry Boot Way, Hull, HU4 7DW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Port Property Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
3,000
3,000
At 31 March 2025
84,117
3,000
87,117
At 1 April 2024
-
1,800
1,800
Charge for the year
5,608
600
6,208
At 31 March 2025
5,608
2,400
8,008
At 31 March 2025
78,509
600
79,109
At 31 March 2024
-
1,200
1,200
Fair value at 1 April 2024
195,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
817
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
259,869
136,500
Obligations under finance leases and hire purchase contracts
77,491
-
Loans from directors
108,237
53,966
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).