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REGISTERED NUMBER: 11427445 (England and Wales)






















Port Invest Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






Port Invest Limited (Registered number: 11427445)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Port Invest Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: M Kirby
P Aarosin





REGISTERED OFFICE: Stone House
56 North Street
Goole
DN14 5RA





REGISTERED NUMBER: 11427445 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Port Invest Limited (Registered number: 11427445)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 461,700 461,700

CURRENT ASSETS
Debtors 5 1,234,610 170,900
Cash at bank and in hand 256,091 301,217
1,490,701 472,117
CREDITORS
Amounts falling due within one year 6 106,052 190,227
NET CURRENT ASSETS 1,384,649 281,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,846,349

743,590

CREDITORS
Amounts falling due after more than one
year

7

300,000

-
NET ASSETS 1,546,349 743,590

CAPITAL AND RESERVES
Called up share capital 76,000 76,000
Retained earnings 1,470,349 667,590
1,546,349 743,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Port Invest Limited (Registered number: 11427445)

Balance Sheet - continued
31st December 2024


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 17th July 2025 and were signed on its behalf by:




P Aarosin - Director



M Kirby - Director


Port Invest Limited (Registered number: 11427445)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Port Invest Limited 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.

The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in
determining that this is the appropriate basis of preparation of the financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Port Invest Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Port Invest Limited (Registered number: 11427445)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 461,700
NET BOOK VALUE
At 31st December 2024 461,700
At 31st December 2023 461,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,234,400 170,500
Other debtors 210 400
1,234,610 170,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 19,044 19,044
Amounts owed to participating interests 43,181 124,181
Taxation and social security 3,154 -
Other creditors 40,673 47,002
106,052 190,227

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Preference shares 300,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 300,000 -

The preference shares have the characteristics of debt, therefore they have been classified as a financial liability not equity.

Port Invest Limited (Registered number: 11427445)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

8. RELATED PARTY DISCLOSURES

During the year a director has made available a loan to the company. As at 31 December 2024 the balance on the loan account was £38,228 (2023: £38,228). No interest was charged on the loan in the year and the balance is repayable on demand.

During the year an associated company made available loan finance to the company. As at 31 December 2024, the balance due to the associated company totalled £43,181 (2023: £124,181). No interest was charged on the loan in the year and the balance is repayable on demand.

During the year a subsidiary company made available loan finance to the company. As at 31 December 2024, the balance due to the subsidiary company totalled £19,044 (2023: £19,044). No interest was charged on the loan in the year and the balance is repayable on demand.

During the year the company made available loan finance to a subsidiary company. As at 31 December 2024, the balance due by the subsidiary company totalled £1,205,500 (2023: £170,500). No interest was charged on the loan in the year end the balance is repayable on demand.