Company registration number 07481099 (England and Wales)
PORDEAN SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PORDEAN SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PORDEAN SERVICES LIMITED (REGISTERED NUMBER: 07481099)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
5
1,590,119
1,021,198
Current assets
Debtors
6
1,201
1,162
Cash at bank and in hand
178,538
187,625
179,739
188,787
Creditors: amounts falling due within one year
7
(873,309)
(29,519)
Net current (liabilities)/assets
(693,570)
159,268
Total assets less current liabilities
896,549
1,180,466
Creditors: amounts falling due after more than one year
8
(861,594)
Provisions for liabilities
(108,095)
Net assets
788,454
318,872
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
9
460,826
Distributable profit and loss reserves
327,528
318,772
Total equity
788,454
318,872
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PORDEAN SERVICES LIMITED (REGISTERED NUMBER: 07481099)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
Mrs I Wort
Mr R Wort
Director
Director
PORDEAN SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Pordean Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 259 Chislehurst Road, Petts Wood, Kent, BR5 1NS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to included investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover from rental and management charges is recognised in the period they pertain to based on agreed rent and fees.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
PORDEAN SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Deposits
As at the balance sheet date, the deposits held on behalf of the tenants was £1,310 (2023: £1,310), this is included within other creditors.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024 and 31 December 2024
18,120
Depreciation and impairment
At 1 January 2024 and 31 December 2024
18,120
Carrying amount
At 31 December 2024
At 31 December 2023
PORDEAN SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Investment property
2024
£
Fair value
At 1 January 2024
1,021,198
Revaluations
568,921
At 31 December 2024
1,590,119
The directors have assessed the fair value of the investment properties.
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,201
1,162
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
371
4,641
Taxation and social security
2,085
20,570
Other creditors
870,853
4,308
873,309
29,519
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
861,594
9
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
-
-
Non distributable profits in the year
460,826
-
At the end of the year
460,826
-