REGISTERED NUMBER: NI034532 (Northern Ireland)

PORTORA ESTATES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ian Jones

Gary Jones

REGISTERED OFFICE:

41 Bachelors Walk

Lisburn

Co. Antrim

BT28 1XN

BUSINESS ADDRESS:

A4 Portora Wharf

Queen Street

Enniskillen

Co. Fermanagh

BT74 7PW

REGISTERED NUMBER:

NI034532 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Tangible assets

5

12,185

12,334

CURRENT ASSETS

Inventories

6

42

42

Receivables

7

12,110

12,117

Cash at bank

41,283

54,037

53,435

66,196

PAYABLES

Amounts falling due within one year

8

(2,063

)

(1,539

)

NET CURRENT ASSETS

51,372

64,657

TOTAL ASSETS LESS CURRENT LIABILITIES

63,557

76,991

CAPITAL AND RESERVES

Called up share capital

57

57

Retained earnings

63,500

76,934

63,557

76,991

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Ian Jones - Director

Gary Jones - Director

1.	STATUTORY INFORMATION

Portora Estates Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

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

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Fixtures and fittings

-

15% reducing balance

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation

The company is not required to submit Corporation Tax Returns as it meets the necessary conditions relating to its main activity being a property management company

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

11,344

11,321

22,665

DEPRECIATION

At 1 April 2024

-

10,331

10,331

Charge for year

-

149

149

At 31 March 2025

-

10,480

10,480

NET BOOK VALUE

At 31 March 2025

11,344

841

12,185

At 31 March 2024

11,344

990

12,334

6.	INVENTORIES

2025

2024

£

£

Inventories

42

42

7.	RECEIVABLES

2025

2024

£

£

Trade debtors

-

150

Other debtors and prepayments

12,110

11,967

12,110

12,117

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and other payables

2,063

1,539