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REGISTERED NUMBER: 15068039 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGUST 2023 TO 31 DECEMBER 2024

FOR

Porteous Investments Ltd

Porteous Investments Ltd (Registered number: 15068039)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 13 August 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Porteous Investments Ltd

COMPANY INFORMATION
for the period 13 August 2023 to 31 December 2024







Director: B I D Porteous





Registered office: Unit 3 Forresters Business Park
Estover Close
Estover
Plymouth
Devon
PL6 7PL





Registered number: 15068039 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Porteous Investments Ltd (Registered number: 15068039)

BALANCE SHEET
31 December 2024

Notes £    £   
Fixed assets
Investments 4 1
Investment property 5 585,982
585,983

Current assets
Debtors 6 50,649
Cash at bank 590
51,239
Creditors
Amounts falling due within one year 7 41,228
Net current assets 10,011
Total assets less current liabilities 595,994

Creditors
Amounts falling due after more than one
year

8

609,654
Net liabilities (13,660 )

Capital and reserves
Called up share capital 10 1
Retained earnings (13,661 )
Shareholders' funds (13,660 )

Porteous Investments Ltd (Registered number: 15068039)

BALANCE SHEET - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





B I D Porteous - Director


Porteous Investments Ltd (Registered number: 15068039)

NOTES TO THE FINANCIAL STATEMENTS
for the period 13 August 2023 to 31 December 2024

1. STATUTORY INFORMATION

Porteous Investments Ltd is a private company, limited by shares , registered in England and Wales. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Porteous Investments Ltd (Registered number: 15068039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 August 2023 to 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
Additions 1
At 31 December 2024 1
Net book value
At 31 December 2024 1

5. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 585,982
At 31 December 2024 585,982
Net book value
At 31 December 2024 585,982

The investment property is shown at valuation by the director. The director does not believe the value to be materially different to the acquisition price in the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 50,649

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 35,528
Other creditors 5,700
41,228

Porteous Investments Ltd (Registered number: 15068039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 August 2023 to 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 371,237
Amounts owed to group undertakings 238,417
609,654

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 406,765

The loans are secured on the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owes and was (owed) the following amounts to/(by) related parties:

Name Relationship Amount
Mr B Porteous director and shareholder (£ 50,649)
Porteous Groundworks
Ltd

subsidiary company

£ 238,416

The loan to Mr B Porteous was cleared after the year end. There was no interest charged.

The company also rents property to it's subsidiary company. During the period rent of £32,000 was received.

12. ULTIMATE CONTROLLING PARTY

The controlling party is B I D Porteous.