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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
Page
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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
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Port Property Investments Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,109 
1,200 
Investment property
365,000 
195,000 
444,109 
196,200 
Current assets
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 
Capital and reserves
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
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Port Property Investments Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Leased assets
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.
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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 
Additions
84,117 
- 
84,117 
At 31 March 2025
84,117 
3,000 
87,117 
Depreciation
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 
Net book value
At 31 March 2025
78,509 
600 
79,109 
At 31 March 2024
- 
1,200 
1,200 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
195,000 
Additions
170,000 
At 31 March 2025
365,000 
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 
Accruals
- 
403 
445,597 
190,869 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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