1 March 2024 false No description of principal activity Taxfiler 2024.6 08408215business:PrivateLimitedCompanyLtd2024-03-012025-02-28 084082152024-02-29 084082152024-03-012025-02-28 08408215business:AuditExemptWithAccountantsReport2024-03-012025-02-28 08408215business:FilletedAccounts2024-03-012025-02-28 084082152025-02-28 08408215business:Director12024-03-012025-02-28 08408215business:Director22024-03-012025-02-28 08408215business:RegisteredOffice2024-03-012025-02-28 084082152024-02-29 08408215core:WithinOneYear2025-02-28 08408215core:WithinOneYear2024-02-29 08408215core:AfterOneYear2025-02-28 08408215core:AfterOneYear2024-02-29 08408215core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 08408215core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 08408215core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 08408215core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 08408215core:PreviouslyStatedAmount2025-02-28 08408215core:PreviouslyStatedAmount2024-02-29 08408215business:SmallEntities2024-03-012025-02-28 08408215countries:EnglandWales2024-03-012025-02-28 08408215core:PlantMachinery2024-03-012025-02-28 08408215core:PlantMachinery2024-02-29 08408215core:PlantMachinery2025-02-28 08408215core:MoreThanFiveYears2025-02-28 08408215core:MoreThanFiveYears2024-02-29 08408215core:AfterOneYear2024-03-012025-02-28 08408215core:AcceleratedTaxDepreciationDeferredTax2025-02-28 08408215core:AcceleratedTaxDepreciationDeferredTax2024-02-29 08408215core:RevaluationInvestmentPropertyDeferredTax2025-02-28 08408215core:RevaluationInvestmentPropertyDeferredTax2024-02-29 084082152023-02-28 084082152023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 08408215 (England and Wales)
Portolivia Limited Unaudited accounts for the year ended 28 February 2025
Portolivia Limited Unaudited accounts Contents
Page
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Portolivia Limited Company Information for the year ended 28 February 2025
Directors
A Bailey T L Bailey
Company Number
08408215 (England and Wales)
Registered Office
73a High Street Egham Surrey TW20 9HE
Accountants
Howard and Company High Street Egham Surrey TW20 9HE
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Portolivia Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
19,079 
Investment property
- 
2,305,000 
- 
2,324,079 
Current assets
Debtors
294 
5,304 
Cash at bank and in hand
406,348 
132,443 
406,642 
137,747 
Creditors: amounts falling due within one year
(138,524)
(201,248)
Net current assets/(liabilities)
268,118 
(63,501)
Total assets less current liabilities
268,118 
2,260,578 
Creditors: amounts falling due after more than one year
- 
(1,882,532)
Provisions for liabilities
Deferred tax
- 
(55,724)
Net assets
268,118 
322,322 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
268,018 
322,222 
Shareholders' funds
268,118 
322,322 
For the year ending 28 February 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 20 May 2025 and were signed on its behalf by
A Bailey Director Company Registration No. 08408215
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Portolivia Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Portolivia Limited is a private company, limited by shares, registered in England and Wales, registration number 08408215. The registered office is 73a High Street, Egham, Surrey, TW20 9HE.
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.
Turnover
Turnover represents the value of rents receiveable. Where rent has been received in advance or is in arrears at the balance sheet date provision is made within creditors as deferred income, or within debtors as appropriate.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
25% reducing balance
Investment property
Investment property is included at fair market value. Increases and decreases in value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Portolivia Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2024
78,078 
Additions
3,655 
Disposals
(81,733)
At 28 February 2025
- 
Depreciation
At 1 March 2024
58,999 
Charge for the year
5,684 
On disposals
(64,683)
At 28 February 2025
- 
Net book value
At 28 February 2025
- 
At 29 February 2024
19,079 
5
Investment property
2025 
£ 
Fair value at 1 March 2024
2,305,000 
Disposals
(2,305,000)
At 28 February 2025
- 
All investment properties were sold during the year. The book value of investment properties at 29 February 2024 had they not been adjusted for fair value would have been £2,101,184.
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,304 
Other debtors
294 
- 
294 
5,304 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
10,648 
Taxes and social security
5,215 
- 
Loans from directors
127,099 
146,600 
Accruals
6,210 
44,000 
138,524 
201,248 
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Portolivia Limited Notes to the Accounts for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
1,882,532 
Aggregate of amounts that fall due for payment after five years
- 
1,862,604 
Bank loans owing at 29 February 2024 were secured by legal charges in favour of Paragon Mortgages Limited and Paragon Bank plc over the company's freehold properties situated at:       12 Brookside Terrace Chester,       43 Ermine Road Chester,       55 Ermine Road Chester,       4 Gladstone Road Chester,       7 Henshall Street Chester,       46 Louise Street Chester,       10 Sydney Road Chester,       20 Sydney Road Chester, and       32 Upper Northgate Street Chester, and by a first floating charge over the company's undertaking, property, assets and rights. These properties were sold during the year to February 2029 and the loans repaid.
9
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
- 
4,770 
Revaluation of investment property
- 
50,954 
- 
55,724 
2025 
2024 
£ 
£ 
Provision at start of year
55,724 
55,637 
(Credited)/charged to the profit and loss account
(55,724)
87 
Provision at end of year
- 
55,724 
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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