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Registered number: 09225458

Portsea Investments Limited

ACCOUNTS

FOR THE YEAR ENDED 30/09/2024

Prepared By:

Albeck Limited

Chartered Accountants

49 Mowbray Road

Edgware

Middlesex

HA8 8JL

Portsea Investments Limited

ACCOUNTS

FOR THE YEAR ENDED 30/09/2024

DIRECTORS

Adam Hunt

Israel Gross

REGISTERED OFFICE

49 Mowbray Road

Edgware

Middlesex

HA8 8JL

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 09225458

BANKERS

Lloyds Bank PLC

SOLICITORS

Storrar Cowdry

ACCOUNTANTS

Albeck Limited

Chartered Accountants

49 Mowbray Road

Edgware

Middlesex

HA8 8JL

Portsea Investments Limited

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Portsea Investments Limited

BALANCE SHEET AT 30/09/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets						275,000				275,000
CURRENT ASSETS
Cash at bank and in hand				-				5,197
				-				5,197
CREDITORS: Amounts falling due within one year		3		113,812				110,703
NET CURRENT LIABILITIES						(113,812)				(105,506)
TOTAL ASSETS LESS CURRENT LIABILITIES						161,188				169,494
CREDITORS: Amounts falling due after more than one year		4				114,230				114,453
PROVISIONS FOR LIABILITIES AND CHARGES		6				8,550				8,550
NET ASSETS						38,408				46,491
CAPITAL AND RESERVES
Called up share capital		7				100				100
Profit and loss account						38,308				46,391
SHAREHOLDERS' FUNDS						38,408				46,491

Portsea Investments Limited

BALANCE SHEET AT 30/09/2024

For the year ending 30/09/2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 02/09/2025 and signed on their behalf by

.............................

Adam Hunt

Director

.............................

Israel Gross

Director

Portsea Investments Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30/09/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

2. INVESTMENT PROPERTIES
		Investment
		Properties		Total
		£		£
Fair value
At 01/10/2023		275,000		275,000
At 30/09/2024		275,000		275,000

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
UK corporation tax				1,900		1,900
Bank Loan				2,975		2,850
Other creditors				107,857		105,053
Accruals				1,080		900
				113,812		110,703

Portsea Investments Limited

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Bank loans (secured) >1yr				114,230		114,453
				114,230		114,453

5. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				-		-

6. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Deferred taxation				8,550		8,550
				8,550		8,550

7. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100

8. CONTROLLING PARTY

The company is controlled by Adam Hunt and Israel Gross, the directors, by virtue of the fact that the each hold 50% of the company's issued and called up voting share capital.

Portsea Investments Limited

9. RELATED PARTY TRANSACTIONS

During the year, certain loans were advanced to the company by A Hunt and I Gross, the directors. The loans are interest free and repayable on demand. At the year end, the balance due to the directors totalled £6,340 (2022: £5,290).