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Company Registration No. 11671156 (England and Wales)
Portland Ventures Inc Ltd Unaudited accounts for the period from 1 April 2025 to 30 September 2025
Portland Ventures Inc Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Portland Ventures Inc Ltd Company Information for the period from 1 April 2025 to 30 September 2025
Director
Shane Lebert Heywood
Company Number
11671156 (England and Wales)
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 30 September 2025
2025 
Notes
£ 
Current assets
Debtors
5
95,580 
Cash at bank and in hand
121,151 
216,731 
Creditors: amounts falling due within one year
6
(51,625)
Net current assets
165,106 
Net assets
165,106 
Capital and reserves
Profit and loss account
165,106 
Shareholders' funds
165,106 
For the period ending 30 September 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 period from 1 April 2025 to 30 September 2025
1
Statutory information
Portland Ventures Inc Ltd is a private company, limited by shares, registered in England and Wales, registration number 11671156.
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 period, 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
Going concern
These financial statements have been prepared on a break-up basis. The directors have concluded that the company will not continue as a going concern and therefore the going concern basis of accounting is not appropriate. Under the break-up basis, assets are stated at their estimated realisable value and liabilities are recorded at the amounts expected to be settled. Provisions have been made for all expected costs associated with the winding-up and cessation of the business, including any additional liabilities that may arise as contracts are brought to an end. The change from the going concern basis to the break-up basis has resulted in adjustments to the carrying values of certain assets and liabilities where their recoverable amounts or settlement values differ from amounts previously recognised. The directors consider these estimates to be reasonable based on the information available at the date of approval of these financial statements.
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Portland Ventures Inc Ltd Notes to the Accounts for the period from 1 April 2025 to 30 September 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2025
2,560 
Disposals
(1,135)
At 30 September 2025
1,425 
Depreciation
At 1 April 2025
1,425 
At 30 September 2025
1,425 
Net book value
At 30 September 2025
- 
5
Debtors
2025 
£ 
Amounts falling due within one year
Other debtors
95,580 
6
Creditors: amounts falling due within one year
2025 
£ 
VAT
(7,119)
Taxes and social security
57,574 
Loans from directors
1,170 
51,625 
7
Average number of employees
During the period the average number of employees was 1.
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