BrightAccountsProduction v1.0.0 v1.0.0 2024-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of financial management. 20 May 2025 0 0 NI667491 2025-02-28 NI667491 2024-02-29 NI667491 2023-02-28 NI667491 2024-03-01 2025-02-28 NI667491 2023-03-01 2024-02-29 NI667491 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 NI667491 uk-curr:PoundSterling 2024-03-01 2025-02-28 NI667491 uk-bus:AbridgedAccounts 2024-03-01 2025-02-28 NI667491 uk-core:ShareCapital 2025-02-28 NI667491 uk-core:ShareCapital 2024-02-29 NI667491 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 NI667491 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI667491 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 NI667491 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI667491 uk-bus:FRS102 2024-03-01 2025-02-28 NI667491 uk-core:LandBuildings 2024-03-01 2025-02-28 NI667491 2024-03-01 2025-02-28 NI667491 uk-bus:CompanySecretaryDirector1 2024-03-01 2025-02-28 NI667491 uk-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI667491
 
 
Portum Capitis Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 28 February 2025
Portum Capitis Ltd
Company Registration Number: NI667491
ABRIDGED BALANCE SHEET
as at 28 February 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 4 624,894 -
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Current Assets
Debtors 396,143 1
Creditors: amounts falling due within one year (1,021,498) -
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Net Current (Liabilities)/Assets (625,355) 1
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Total Assets less Current Liabilities (461) 1
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Capital and Reserves
Called up share capital 1 1
Retained earnings (462) -
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Equity attributable to owners of the company (461) 1
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 May 2025
           
           
           
________________________________          
Derek Keys          
Director          
           



Portum Capitis Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 28 February 2025

   
1. General Information
 
Portum Capitis Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI667491. The registered office of the company is 72-74 Omagh Road, Dromore, Co Tyrone, BT78 3AJ. The principal activity of the company is that of financial management. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - Not depreciated
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2024 - 0).
       
4. Tangible assets
  Land and Total
  buildings  
  freehold  
  £ £
Cost
At 1 March 2024 - -
Additions 624,894 624,894
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At 28 February 2025 624,894 624,894
  ───────── ─────────
Depreciation
At 1 March 2024 - -
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At 28 February 2025 - -
  ───────── ─────────
Net book value
At 28 February 2025 624,894 624,894
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5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2025.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.