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REGISTERED NUMBER: SC704274 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 January 2025

for

Portgower 3 Ltd

Portgower 3 Ltd (Registered number: SC704274)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Portgower 3 Ltd

Company Information
For The Year Ended 31 January 2025







DIRECTORS: J P Donnelly
Mrs P Donnelly





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC704274 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Portgower 3 Ltd (Registered number: SC704274)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 66,496
Tangible assets 5 - 38,406
- 104,902

CURRENT ASSETS
Debtors 6 4,064 16,253
Cash at bank 69 -
4,133 16,253
CREDITORS
Amounts falling due within one year 7 101,467 165,667
NET CURRENT LIABILITIES (97,334 ) (149,414 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,334

)

(44,512

)

CREDITORS
Amounts falling due after more than one year 8 151,440 151,510
NET LIABILITIES (248,774 ) (196,022 )

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (249,174 ) (196,422 )
SHAREHOLDERS' FUNDS (248,774 ) (196,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Portgower 3 Ltd (Registered number: SC704274)

Balance Sheet - continued
31 January 2025


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 Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





J P Donnelly - Director


Portgower 3 Ltd (Registered number: SC704274)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

Portgower 3 Ltd is a private company, limited by shares , registered in Scotland. 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.

The accounts have been prepared on the going concern basis on the understanding that the director will continue to financially support the company.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.


Portgower 3 Ltd (Registered number: SC704274)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024 81,996
Disposals (81,996 )
At 31 January 2025 -
AMORTISATION
At 1 February 2024 15,500
Eliminated on disposal (15,500 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 66,496

Portgower 3 Ltd (Registered number: SC704274)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 3,331 49,235 112 52,678
Disposals (3,331 ) (49,235 ) (112 ) (52,678 )
At 31 January 2025 - - - -
DEPRECIATION
At 1 February 2024 914 13,318 40 14,272
Eliminated on disposal (914 ) (13,318 ) (40 ) (14,272 )
At 31 January 2025 - - - -
NET BOOK VALUE
At 31 January 2025 - - - -
At 31 January 2024 2,417 35,917 72 38,406

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 4,064 16,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts - 431
Trade creditors 4,062 17,717
Taxation and social security 435 12,731
Other creditors 96,970 134,788
101,467 165,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Other creditors 151,440 151,510

9. RELATED PARTY DISCLOSURES

At 31/01/2025, Portgower 3 Ltd was owed £55,414 by John P Donnelly Associates Ltd. The companies share directors.

At 31/01/2025, Portgower 3 Ltd owed £151,440 to Bruce Walker. This loan was provided interest free. Bruce Walker is a shareholderof the company.