Portman and Pennefather Limited 31/08/2025 iXBRL

Company registration number: 12166950

PORTMAN AND PENNEFATHER LIMITED

31 August 2025

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

PORTMAN AND PENNEFATHER LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

PORTMAN AND PENNEFATHER LIMITED

DIRECTORS AND OTHER INFORMATION


	Director	Ms L C C Martin


	Company number	12166950


	Registered office	Frondeg
		Four Crosses
		Llanymynech
		SY22 6PH


	Business address	Frondeg
		Four Crosses
		Llanymynech
		SY22 6PH


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

PORTMAN AND PENNEFATHER LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PORTMAN AND PENNEFATHER LIMITED

YEAR ENDED 31ST AUGUST 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portman and Pennefather Limited for the year ended 31 August 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Portman and Pennefather Limited, as a body, in accordance with the terms of our engagement letter dated 5 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Portman and Pennefather Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portman and Pennefather Limited and its director as a body for our work or for this report.

It is your duty to ensure that Portman and Pennefather Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Portman and Pennefather Limited. You consider that Portman and Pennefather Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Portman and Pennefather Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

21 November 2025

PORTMAN AND PENNEFATHER LIMITED

STATEMENT OF FINANCIAL POSITION

31ST AUGUST 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,182		857
		_______		_______
			3,182		857

Current assets
Debtors	6	9,898		359
Cash at bank and in hand		32,379		20,555
		_______		_______
		42,277		20,914
Creditors: amounts falling due
within one year	7	( 38,552)		( 21,908)
		_______		_______
Net current assets/(liabilities)			3,725		( 994)
			_______		_______
Total assets less current liabilities			6,907		( 137)


Provisions for liabilities			( 796)		-

			_______		_______
Net assets/(liabilities)			6,111		( 137)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			6,109		( 139)
			_______		_______
Shareholders funds/(deficit)			6,111		( 137)
			_______		_______

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

Ms L C C Martin

Director

Company registration number: 12166950

PORTMAN AND PENNEFATHER LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST AUGUST 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 September 2023	2	24,699	24,701

Profit for the year		6,062	6,062
	_______	_______	_______
Total comprehensive income for the year	-	6,062	6,062

Dividends paid and payable		( 30,900)	( 30,900)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,900)	( 30,900)

	_______	_______	_______
At 31 August 2024 and 1 September 2024	2	(135)	(133)

Profit for the year		37,144	37,144
	_______	_______	_______
Total comprehensive income for the year	-	37,144	37,144

Dividends paid and payable		( 30,900)	( 30,900)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,900)	( 30,900)

	_______	_______	_______
At 31 August 2025	2	6,109	6,111
	_______	_______	_______

PORTMAN AND PENNEFATHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST AUGUST 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Frondeg, Four Crosses, Llanymynech, SY22 6PH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 September 2024	-	1,148	1,148
Additions	2,770	-	2,770
	_______	_______	_______
At 31 August 2025	2,770	1,148	3,918
	_______	_______	_______
Depreciation
At 1 September 2024	-	291	291
Charge for the year	231	214	445
	_______	_______	_______
At 31 August 2025	231	505	736
	_______	_______	_______
Carrying amount
At 31 August 2025	2,539	643	3,182
	_______	_______	_______
At 31 August 2024	-	857	857
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	282	-
Other debtors	9,616	359
	_______	_______
	9,898	359
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,774	3,312
Corporation tax	8,484	1,407
Social security and other taxes	4,630	4,000
Other creditors	20,664	13,189
	_______	_______
	38,552	21,908
	_______	_______