0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,018 2,018 xbrli:pure xbrli:shares iso4217:GBP 10031507 2024-04-01 2025-03-31 10031507 2025-03-31 10031507 2024-03-31 10031507 2023-04-01 2024-03-31 10031507 2024-03-31 10031507 2023-03-31 10031507 bus:Director1 2024-04-01 2025-03-31 10031507 core:WithinOneYear 2025-03-31 10031507 core:WithinOneYear 2024-03-31 10031507 core:ShareCapital 2025-03-31 10031507 core:ShareCapital 2024-03-31 10031507 core:RetainedEarningsAccumulatedLosses 2025-03-31 10031507 core:RetainedEarningsAccumulatedLosses 2024-03-31 10031507 bus:SmallEntities 2024-04-01 2025-03-31 10031507 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10031507 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10031507 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10031507 bus:FullAccounts 2024-04-01 2025-03-31 10031507 core:ComputerEquipment 2024-04-01 2025-03-31 10031507 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 10031507
The Portland PO5 Limited
Filleted Unaudited Financial Statements
31 March 2025
The Portland PO5 Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Current assets
Stocks
3,081,468
3,075,240
Debtors
5
510
92
Cash at bank and in hand
1,469
421
------------
------------
3,083,447
3,075,753
Creditors: amounts falling due within one year
6
3,476,368
3,455,773
------------
------------
Net current liabilities
392,921
380,020
---------
---------
Total assets less current liabilities
( 392,921)
( 380,020)
---------
---------
Net liabilities
( 392,921)
( 380,020)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 393,021)
( 380,120)
---------
---------
Shareholders deficit
( 392,921)
( 380,020)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr J D Garrett
Director
Company registration number: 10031507
The Portland PO5 Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Equipment
£
Cost
At 1 April 2024 and 31 March 2025
2,018
-------
Depreciation
At 1 April 2024 and 31 March 2025
2,018
-------
Carrying amount
At 31 March 2025
-------
At 31 March 2024
-------
5. Debtors
2025
2024
£
£
Other debtors
510
92
----
----
6. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to related company
2,062,119
3,062,120
Other creditors
1,414,249
393,653
------------
------------
3,476,368
3,455,773
------------
------------