| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
1,340,649 |
|
|
1,340,649 |
| Current assets |
|
623,160 |
|
|
2,360 |
|
| Creditors: amount falling due within one year |
|
(282,075) |
|
|
239,823 |
|
|
Net current assets
|
|
|
341,085
|
|
|
242,183
|
|
Total assets less current liabilities
|
|
|
1,681,734 |
|
|
1,582,832 |
| Creditors: amount falling due after more than one year |
|
|
(1,673,457) |
|
|
(1,576,088) |
|
Net assets
|
|
|
8,277 |
|
|
6,744 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
8,277 |
|
|
6,744 |
| |
NOTES TO THE ACCOUNTS
General Information
Porch Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11470482, registration address Ley-Lands Farm, Middlewood Green, Stowmarket, IP14 5EY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
| 2. |
Average number of employees
The only employees or officers were the directors
Average number of employees during the year was 4 (2024 : 4).
|
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 December 2025 and were signed on its behalf by: --------------------------------
Robert Porch
Director | --------------------------------
David Porch
Director | --------------------------------
Sharon Budd
Director | --------------------------------
Thomas Porch
Director |
2
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