REGISTERED NUMBER: 07604093 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PORDUM INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D J O'Shea

C E Pordum

J Pordum

SECRETARY:

Saxon Coast Consultants Ltd

REGISTERED OFFICE:

69 King William Street

London

EC4N 7HR

REGISTERED NUMBER:

07604093 (England and Wales)

ACCOUNTANTS:

Sophic Finance Ltd

Chartered Accountants

Little Coombe

Longfield Road

Dorking

Surrey

RH4 3DE

FIXED ASSETS

Investments

4

925,444

676,573

CURRENT ASSETS

Debtors

5

29,367,262

28,284,342

Cash at bank

2,599,651

491,545

31,966,913

28,775,887

CREDITORS

Amounts falling due within one year

6

32,156,416

28,710,413

NET CURRENT (LIABILITIES)/ASSETS

(189,503

)

65,474

TOTAL ASSETS LESS CURRENT LIABILITIES

735,941

742,047

CREDITORS

Amounts falling due after more than one year

7

3,073

18,221

NET ASSETS

732,868

723,826

CAPITAL AND RESERVES

Called up share capital

112,500

112,500

Retained earnings

620,368

611,326

732,868

723,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 20 June 2025 and were signed on its behalf by:

N D J O'Shea - Director

1.	STATUTORY INFORMATION

Pordum 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.

Turnover

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

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.

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 7 (2023 - 6 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2023

and 30 September 2024

925,444

NET BOOK VALUE

At 30 September 2024

925,444

At 30 September 2023

925,444

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,038,425

21,567,534

Amounts owed by associates

4,328,837

6,716,808

29,367,262

28,284,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,648

-

Trade creditors

30,918,273

25,537,853

Amounts owed to associates

-

2,249,854

Taxation and social security

16,144

154,246

Other creditors

1,208,351

768,460

32,156,416

28,710,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,073

18,221

8.	RELATED PARTY DISCLOSURES

During the period, interest of £439,701 (2023: 266,721) was charged to associated companies, and interest of £300,000 (2023: £489,835) was charged by associated companies.

Services of £65,000 were paid to associated companies (2023: £Nil)

Interest of £27,000 was paid to other related parties (2023: £34,052)

Services of £9,000 were paid to other related parties (2023: £Nil)

At the end of the period £4,328,837 was owed by associates (2023: £6,716,808) and £66,338 was owed to associates (2023: £2,249,853)

At the end of the period, the company owed other related parties £55,982 (2023: £157,686).