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Company Registration No. 10921041 (England and Wales)
Portland Rail Limited Unaudited accounts for the year ended 31 August 2024
Portland Rail Limited Unaudited accounts Contents
Page
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Portland Rail Limited Company Information for the year ended 31 August 2024
Director
A. Karami
Company Number
10921041 (England and Wales)
Registered Office
9a Hurlingham Court Ranelagh Gardens London SW6 3SH United Kingdom
Accountants
W R Luke Lester Associates Limited 105 Palewell Park London SW14 8JJ
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Portland Rail Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,944 
243 
Investments
55,634 
55,634 
65,578 
55,877 
Current assets
Debtors
118,198 
139,659 
Cash at bank and in hand
240,545 
261,988 
358,743 
401,647 
Creditors: amounts falling due within one year
(125,683)
(191,493)
Net current assets
233,060 
210,154 
Total assets less current liabilities
298,638 
266,031 
Creditors: amounts falling due after more than one year
(147,900)
(126,300)
Net assets
150,738 
139,731 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
150,588 
139,581 
Shareholders' funds
150,738 
139,731 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2025 and were signed on its behalf by
A. Karami Director Company Registration No. 10921041
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Portland Rail Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Portland Rail Limited is a private company, limited by shares, registered in England and Wales, registration number 10921041. The registered office is 9a Hurlingham Court, Ranelagh Gardens, London, SW6 3SH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
943 
3,126 
4,069 
Additions
- 
13,160 
13,160 
At 31 August 2024
943 
16,286 
17,229 
Depreciation
At 1 September 2023
700 
3,126 
3,826 
Charge for the year
61 
3,398 
3,459 
At 31 August 2024
761 
6,524 
7,285 
Net book value
At 31 August 2024
182 
9,762 
9,944 
At 31 August 2023
243 
- 
243 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
55,634 
Valuation at 31 August 2024
55,634 
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Portland Rail Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,948 
28,408 
Other debtors
9,750 
7,751 
14,698 
36,159 
Amounts falling due after more than one year
Other debtors
103,500 
103,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,994 
12,258 
Trade creditors
720 
82,242 
Taxes and social security
6,102 
5,336 
Other creditors
113,867 
61,657 
Accruals
- 
30,000 
125,683 
191,493 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
147,900 
126,300 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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