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REGISTERED NUMBER: 10822172 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

FOR

PORTFOLIO GROWTH MANAGEMENT LTD

PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 July 2023 to 29 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PORTFOLIO GROWTH MANAGEMENT LTD

COMPANY INFORMATION
for the Period 1 July 2023 to 29 June 2024







DIRECTOR: Ms L A Browne





REGISTERED OFFICE: 12-14a Bath Street
Altrincham
Cheshire
WA14 2EJ





REGISTERED NUMBER: 10822172 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

STATEMENT OF FINANCIAL POSITION
29 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,958 23,475
Investments 5 66,950 -
89,908 23,475

CURRENT ASSETS
Debtors 6 250,613 216,514
Cash at bank and in hand 8,316 8,656
258,929 225,170
CREDITORS
Amounts falling due within one year 7 329,386 171,969
NET CURRENT (LIABILITIES)/ASSETS (70,457 ) 53,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,451

76,676

CREDITORS
Amounts falling due after more than one year 8 16,844 28,309
NET ASSETS 2,607 48,367

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,606 48,366
SHAREHOLDERS' FUNDS 2,607 48,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

STATEMENT OF FINANCIAL POSITION - continued
29 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





Ms L A Browne - Director


PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 July 2023 to 29 June 2024

1. STATUTORY INFORMATION

Portfolio Growth Management 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 in respect of services provided excluding value added tax.

Tangible fixed assets
Tangible fixed assets are recorded at cost less depreciation and impairment.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings-2% on cost
Motor vehicles-25% reducing balance

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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

Financial instruments
Short term financial assets, including trade and other debtors, creditors and related undertakings are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors and bank balances, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.


PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2023 to 29 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023
and 29 June 2024 25,850
DEPRECIATION
At 1 July 2023 2,375
Charge for period 517
At 29 June 2024 2,892
NET BOOK VALUE
At 29 June 2024 22,958
At 30 June 2023 23,475

PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2023 to 29 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 66,950
At 29 June 2024 66,950
NET BOOK VALUE
At 29 June 2024 66,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,000
Amounts owed by related undertakings 81,595 71,456
Other debtors 64,997 -
Directors' current accounts 77,773 116,081
Tax 26,248 22,977
250,613 216,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,596 12,500
Trade creditors 20,446 20,460
Amounts owed to related undertakings 83,818 -
Tax 39,178 41,271
Other creditors 170,348 96,207
Accrued expenses 3,000 1,531
329,386 171,969

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,844 28,309

PORTFOLIO GROWTH MANAGEMENT LTD (REGISTERED NUMBER: 10822172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2023 to 29 June 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 June 2024 and the year ended 30 June 2023:

2024 2023
£    £   
Ms L A Browne
Balance outstanding at start of period 116,082 (764 )
Amounts advanced 144,227 128,997
Amounts repaid (182,536 ) (12,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 77,773 116,082

Interest is being charged at 2.5% on the loan.

10. RELATED PARTY DISCLOSURES

During the year the company paid a total of £13,475 to other companies with a common director. £81,595 (2023: £68,120) remains outstanding at the year end.

During the year the company received funds of £83,818 from other companies with a common director. £83,818 (2023: £Nil) remains outstanding at the year end.