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Company Registration No. 11729708 (England and Wales)
Portobello Health Foods Ltd Unaudited accounts for the year ended 31 December 2024
Portobello Health Foods Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Portobello Health Foods Ltd Company Information for the year ended 31 December 2024
Director
Cesar Manuel Nogueira Da Silva
Company Number
11729708 (England and Wales)
Registered Office
31 GREENWOOD TERRACE LONDON NW10 8PJ ENGLAND
Accountants
'Evolve Accounting and Tax Solutions Ltd' Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Portobello Health Foods Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
16,148 
20,186 
Tangible assets
5
15,000 
16,367 
31,148 
36,553 
Current assets
Inventories
2,050 
1,750 
Debtors
6
50,197 
57,254 
Cash at bank and in hand
86,778 
183,742 
139,025 
242,746 
Creditors: amounts falling due within one year
7
(79,279)
(70,374)
Net current assets
59,746 
172,372 
Total assets less current liabilities
90,894 
208,925 
Creditors: amounts falling due after more than one year
8
(8,565)
(98,565)
Net assets
82,329 
110,360 
Capital and reserves
Called up share capital
9
10 
10 
Profit and loss account
82,319 
110,350 
Shareholders' funds
82,329 
110,360 
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 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 12 September 2025 and were signed on its behalf by
Cesar Manuel Nogueira Da Silva Director Company Registration No. 11729708
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Portobello Health Foods Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Portobello Health Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11729708. The registered office is 31 GREENWOOD TERRACE, LONDON, NW10 8PJ, ENGLAND.
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:
Plant & machinery
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised over 10 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Portobello Health Foods Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
40,375 
At 31 December 2024
40,375 
Amortisation
At 1 January 2024
20,189 
Charge for the year
4,038 
At 31 December 2024
24,227 
Net book value
At 31 December 2024
16,148 
At 31 December 2023
20,186 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
49,580 
Additions
2,200 
At 31 December 2024
51,780 
Depreciation
At 1 January 2024
33,213 
Charge for the year
3,567 
At 31 December 2024
36,780 
Net book value
At 31 December 2024
15,000 
At 31 December 2023
16,367 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,739 
Accrued income and prepayments
17,254 
16,250 
Other debtors
32,943 
34,265 
50,197 
57,254 
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Portobello Health Foods Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
4,920 
5,770 
Trade creditors
7,019 
11,131 
Taxes and social security
2,006 
6,143 
Loans from directors
55,334 
37,330 
79,279 
70,374 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,565 
18,565 
Other creditors
- 
80,000 
8,565 
98,565 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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