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Company Registration No. 11671156 (England and Wales)
Portland Ventures Inc Ltd Unaudited accounts for the year ended 31 March 2025
Portland Ventures Inc Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Portland Ventures Inc Ltd Company Information for the year ended 31 March 2025
Director
Shane Lebert Heywood
Company Number
11671156 (England and Wales)
Registered Office
Portland Ventures Inc Limited 83 James Carter Road, Mildenhall Bury St. Edmunds Suffolk IP28 7DE England
Accountants
Arth Limited 655 Milton Keynes Business Centre Hayley Court Linford Wood Milton Keynes Buckinghamshire MK14 6GD
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Portland Ventures Inc Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,135 
1,715 
Current assets
Debtors
5
23,832 
39,270 
Cash at bank and in hand
145,926 
156,337 
169,758 
195,607 
Creditors: amounts falling due within one year
6
74,504 
(66,972)
Net current assets
244,262 
128,635 
Net assets
245,397 
130,350 
Capital and reserves
Profit and loss account
245,397 
130,350 
Shareholders' funds
245,397 
130,350 
For the year ending 31 March 2025 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 15 December 2025 and were signed on its behalf by
Shane Lebert Heywood Director Company Registration No. 11671156
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Portland Ventures Inc Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Portland Ventures Inc Ltd is a private company, limited by shares, registered in England and Wales, registration number 11671156. The registered office is Portland Ventures Inc Limited, 83, James Carter Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DE, 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:
Computer equipment
SLB - 3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
2,560 
At 31 March 2025
2,560 
Depreciation
At 1 April 2024
845 
Charge for the year
580 
At 31 March 2025
1,425 
Net book value
At 31 March 2025
1,135 
At 31 March 2024
1,715 
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Portland Ventures Inc Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
21,420 
Accrued income and prepayments
- 
17,850 
Other debtors
23,832 
- 
23,832 
39,270 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
(2,628)
11,158 
Taxes and social security
19,282 
50,186 
Loans from directors
(91,158)
5,628 
(74,504)
66,972 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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