Company Registration No. 13430128 (England and Wales)
Portnellan Limited
Unaudited accounts
for the period from 1 July 2024 to 30 September 2025
Portnellan Limited
Unaudited accounts
Contents
Portnellan Limited
Company Information
for the period from 1 July 2024 to 30 September 2025
Directors
Valerij Riskin
Ross McLellan
Company Number
13430128 (England and Wales)
Registered Office
5 Stratford Place
London
W1C 1AX
Accountants
Kelly Tax Services Limited
New Alderston House
3 Dove Wynd
Strathclyde Business Park
Bellshill
North Lanarkshire
ML4 3FB
Portnellan Limited
Statement of financial position
as at 30 September 2025
Cash at bank and in hand
187,016
444,678
Creditors: amounts falling due within one year
(35,507)
(13,524)
Net current assets
151,509
2,048,887
Total assets less current liabilities
151,509
2,048,887
Creditors: amounts falling due after more than one year
-
(2,000,000)
Called up share capital
100
100
Profit and loss account
151,409
48,787
Shareholders' funds
151,509
48,887
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Ross McLellan
Director
Company Registration No. 13430128
Portnellan Limited
Notes to the Accounts
for the period from 1 July 2024 to 30 September 2025
Portnellan Limited is a private company, limited by shares, registered in England and Wales, registration number 13430128. The registered office is 5 Stratford Place , London, W1C 1AX.
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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.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Average number of employees
During the period the average number of employees was 0 (2024: 0).