PORTFOLIO ADVANTAGE LLP

Company Registration Number:
OC345270 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

PORTFOLIO ADVANTAGE LLP

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PORTFOLIO ADVANTAGE LLP

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activities of the LLP in the year under review were those of a ceased trade, prior year's activity was investment advisors.

Additional information

Review of business Results for the year and allocation to members Members' interests Principal risks and uncertainties facing the business



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Larry Abele
Antti Savilaakso


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 May 2025

And signed on behalf of the board by:
Name: Larry Abele
Status: Director

PORTFOLIO ADVANTAGE LLP

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 2,450 ) ( 13,635 )
Other operating income: 0 0
Operating profit(or loss): (2,450) (13,635)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (2,450) (13,635)
Tax: 0 0
Profit(or loss) for the financial year: (2,450) (13,635)

PORTFOLIO ADVANTAGE LLP

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 49,466 49,466
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 49,466 49,466
Current assets
Stocks:   0 0
Debtors: 4 997,186 997,186
Cash at bank and in hand: 845 1,263
Investments:   0 0
Total current assets: 998,031 998,449
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 135,011 ) ( 133,011 )
Net current assets (liabilities): 863,020 865,438
Total assets less current liabilities: 912,486 914,904
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 912,486 914,904
Capital and reserves
Called up share capital: 912,486 914,904
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 0 0
Total Shareholders' funds: 912,486 914,904

The notes form part of these financial statements

PORTFOLIO ADVANTAGE LLP

Balance sheet statements

For the year ending 31 December 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.

This report was approved by the board of directors on 31 May 2025
and signed on behalf of the board by:

Name: Larry Abele
Status: Director

The notes form part of these financial statements

PORTFOLIO ADVANTAGE LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in line with accrual accounting basis on fees received for services provided in the financial year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 33% straight line. Computer equipment - 33% straight line

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of nil years.

    Other accounting policies

    Basis of preparing the financial statements Significant judgements and estimates Hire purchase and leasing commitments Pension costs and other post-retirement benefits Taxation Members' remuneration profit allocation Provision Financial Instruments Financial assets - classified as basic financial instruments Financial Liabilities - classified as basic financial instruments Going concern

PORTFOLIO ADVANTAGE LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PORTFOLIO ADVANTAGE LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 0 49,466 49,466
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 December 2024 0 49,466 49,466
Amortisation
At 1 January 2024 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 December 2024 0 0 0
Net book value
At 31 December 2024 0 49,466 49,466
At 31 December 2023 0 49,466 49,466

PORTFOLIO ADVANTAGE LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 997,186 997,186
Total 997,186 997,186
Debtors due after more than one year: 0 0

PORTFOLIO ADVANTAGE LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 135,011 133,011
Total 135,011 133,011