Portland Hill Commercial Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13142537

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		242,622		242,622

			242,622		242,622
CURRENT ASSETS
Debtors	5	4,516		4,497
Cash at bank and in hand		219		237

		4,735		4,734
Creditors: Amounts Falling Due Within One Year	6	(140,238 )		(139,638 )

NET CURRENT ASSETS (LIABILITIES)			(135,503 )		(134,904 )

TOTAL ASSETS LESS CURRENT LIABILITIES			107,119		107,718

NET ASSETS			107,119		107,718

CAPITAL AND RESERVES
Called up share capital	7		100,000		100,000
Profit and Loss Account			7,119		7,718

SHAREHOLDERS' FUNDS			107,119		107,718

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Shahram Mohammadian

Director

22/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Portland Hill Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13142537 . The registered office is 123 Portobello Road, W11 2DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

NIL

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	242,622

As at 31 December 2024	242,622

Net Book Value
As at 31 December 2024	242,622

As at 1 January 2024	242,622

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	100	81
Due after more than one year
Trade debtors	4,416	4,416

	4,516	4,497

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,760	2,160
Amounts owed to group undertakings	137,478	137,478

	140,238	139,638

Page 2

Page 3

Portland Hill Commercial Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100,000	100,000

8. Ultimate Controlling Party

The company's ultimate controlling party is Portland Hill Group Limited