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Registered number: NI632572
PORTBANNIS AM 5 Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
DNTCA Ltd
Chartered Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: NI632572
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 633,638 530,361
633,638 530,361
CURRENT ASSETS
Debtors 1 1
1 1
Creditors: Amounts Falling Due Within One Year (731,985 ) (628,708 )
NET CURRENT ASSETS (LIABILITIES) (731,984 ) (628,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES (98,346 ) (98,346 )
NET LIABILITIES (98,346 ) (98,346 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (98,347 ) (98,347 )
SHAREHOLDERS' FUNDS (98,346) (98,346)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Samuel Draffin
Director
29 April 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
PORTBANNIS AM 5 Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI632572 . The registered office is c/o DNT Chartered Accountants, Ormeau House, 91 - 97 Ormeau Road, Belfast, BT7 1SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 530,361
Additions 103,277
As at 31 July 2024 633,638
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3