IRIS Accounts Production v25.3.0.601 SC235966 director 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC235966 2024-03-31 SC235966 2025-03-31 SC235966 2024-04-01 2025-03-31 SC235966 2023-03-31 SC235966 2023-04-01 2024-03-31 SC235966 2024-03-31 SC235966 ns15:Scotland 2024-04-01 2025-03-31 SC235966 ns14:PoundSterling 2024-04-01 2025-03-31 SC235966 ns10:Director1 2024-04-01 2025-03-31 SC235966 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC235966 ns10:SmallEntities 2024-04-01 2025-03-31 SC235966 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC235966 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC235966 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC235966 ns10:FullAccounts 2024-04-01 2025-03-31 SC235966 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 SC235966 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC235966 ns5:CurrentFinancialInstruments 2025-03-31 SC235966 ns5:CurrentFinancialInstruments 2024-03-31 SC235966 ns5:Non-currentFinancialInstruments 2025-03-31 SC235966 ns5:Non-currentFinancialInstruments 2024-03-31 SC235966 ns5:ShareCapital 2025-03-31 SC235966 ns5:ShareCapital 2024-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SC235966 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC235966 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC235966 ns5:ShareCapital 2023-03-31 SC235966 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 SC235966 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-04-01 2024-03-31 SC235966 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-04-01 2025-03-31 SC235966 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC235966 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC235966 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 SC235966 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 SC235966 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 SC235966 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 SC235966 ns5:Secured 2025-03-31 SC235966 ns5:Secured 2024-03-31 SC235966 ns10:OrdinaryShareClass1 2025-03-31 SC235966 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SC235966 1 ns10:Director1 2024-03-31 SC235966 1 ns10:Director1 2023-03-31 SC235966 1 ns10:Director1 2024-04-01 2025-03-31 SC235966 1 ns10:Director1 2023-04-01 2024-03-31 SC235966 1 ns10:Director1 2025-03-31 SC235966 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: SC235966 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PORT REAL LIMITED

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Statement of Changes in Equity | 3 |

| Notes to the Financial Statements | 4 |

| PORT REAL LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Mrs N Bali

| REGISTERED OFFICE: | 20 Boclair Road

| Bearsden

| Glasgow

| G61 2AF

| REGISTERED NUMBER: | SC235966 (Scotland)

| ACCOUNTANTS: | Donachie Chartered Accountants

| 2nd Floor

| Templeton House

| 62 Templeton Street

| Glasgow

| G40 1DA

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,590,000 |  | 1,590,000 |  |

CURRENT ASSETS

Debtors | 5 | 33,192 |  | 11,032 |  |

Cash at bank | 1,370 |  | 8,160 |  |

34,562 |  | 19,192 |  |

CREDITORS

Amounts falling due within one year | 6 | 121,974 |  | 101,734 |  |

NET CURRENT LIABILITIES | (87,412 | ) | (82,542 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,502,588 |  | 1,507,458 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 758,842 |  | 828,857 |  |

NET ASSETS | 743,746 |  | 678,601 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 356,002 |  | 356,002 |  |

Fair value reserve | 11 | (361,263 | ) | (361,263 | ) |

Retained earnings | 749,007 |  | 683,862 |  |

SHAREHOLDERS' FUNDS | 743,746 |  | 678,601 |  |

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 director acknowledges her 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 director and authorised for issue on 3 November 2025 and were signed by:

Mrs N Bali - Director

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |  | Fair |

| share |  | Retained |  | value |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 356,002 |  | 642,797 |  | (361,263 | ) | 637,536 |  |

Changes in equity

Total comprehensive income | - |  | 41,065 |  | - |  | 41,065 |  |

Balance at 31 March 2024 | 356,002 |  | 683,862 |  | (361,263 | ) | 678,601 |  |

Changes in equity

Total comprehensive income | - |  | 65,145 |  | - |  | 65,145 |  |

Balance at 31 March 2025 | 356,002 |  | 749,007 |  | (361,263 | ) | 743,746 |  |

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Port Real Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received.

| Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment property is measured at fair value. The surplus or deficit arising from changes in fair value are recognised in the income statement for the year.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

| Debtors and creditors that fall due within one year

| Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 1,590,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,590,000 |  |

| At 31 March 2024 | 1,590,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2006 | 221,795 |  |

| Valuation in 2008 | (583,058 | ) |

| Cost | 1,951,263 |  |

1,590,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,951,263 |  | 1,951,263 |  |

| Investment properties were valued on fair value basis on 31 March 2025 by the director .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 29,608 |  | 8,833 |  |

| VAT | 3,584 |  | 2,199 |  |

33,192 |  | 11,032 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | 86,428 |  | 81,278 |  |

| Trade creditors | 2,814 |  | - |  |

| Corporation Tax | 28,287 |  | 9,704 |  |

| Other creditors | - |  | 6,015 |  |

| Accruals and deferred income | 4,445 |  | 4,737 |  |

121,974 |  | 101,734 |  |

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | 323,478 |  | 409,493 |  |

| Amounts owed to related parties | 208,147 |  | 208,147 |  |

| Directors' loan accounts | 227,217 |  | 211,217 |  |

758,842 |  | 828,857 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 31,469 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 86,428 |  | 81,278 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 92,371 |  | 86,871 |  |

| Amounts falling due between two and five years:

| Bank loans | 231,107 |  | 291,153 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 31,469 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 409,906 |  | 490,771 |  |

| Bank loans are secured by Standard Securities and a bond and floating charge over all Company assets.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 356,002 | Ordinary | £1 | 356,002 |  | 356,002 |  |

| PORT REAL LIMITED (REGISTERED NUMBER: SC235966) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | (361,263 | ) |

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| Mrs N Bali

| Balance outstanding at start of year | (211,217 | ) | (124,217 | ) |

| Amounts advanced | (16,000 | ) | (87,000 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (227,217 | ) | (211,217 | ) |

13. | RELATED PARTY DISCLOSURES

| Gildeas Limited

| A company controlled by Mrs N Bali's Spouse

| During the year, the company leased premises to Gildeas Limited. Rent charged during the year was £82,800 (2024 - £82,800). The amounts due to Gildeas Limited at the balance sheet date is £208,147 (2024 - £207,147) and was repaid subsequent to the year end..

14. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs N Bali.