REGISTERED NUMBER: 04817919 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Port Europe Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L M M Hulaud

Mr S E H Tripot

REGISTERED OFFICE:

167-169 Great Portland Street

5th Floor

London

W1W 5PF

REGISTERED NUMBER:

04817919 (England and Wales)

SENIOR STATUTORY AUDITOR:

Azhar Ahmed

INDEPENDENT AUDITORS:

Pertax Accountancy Ltd

Quatro House

Frimley Road

Camberley

GU16 7ER

CURRENT ASSETS

Debtors

4

427,486

41,797

Cash at bank

86,251

503,648

513,737

545,445

CREDITORS

Amounts falling due within one year

5

(59,543

)

(83,055

)

NET CURRENT ASSETS

454,194

462,390

TOTAL ASSETS LESS CURRENT LIABILITIES

454,194

462,390

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

454,092

462,288

454,194

462,390

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr S E H Tripot - Director

1.	STATUTORY INFORMATION

Port Europe Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 04817919 it's registered office address is detailed on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Revenue

Revenue represents the sales commission received from the parent company as Port Europe Limited is acting as an agent of the parent company. Commission is calculated as a percentage of sales made on behalf of the parent company.

Commission is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before commission is recognised:

Rendering of services

i) the amount of revenue can be measured reliably;

ii) it is probable that the company will receive the consideration due under the contract.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Foreign currency translation

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

426,209

37,348

Other debtors

1,277

4,449

427,486

41,797

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,231

13,256

Taxation and social security

7,581

8,423

Other creditors

41,731

61,376

59,543

83,055

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Azhar Ahmed (Senior Statutory Auditor)

for and on behalf of Pertax Accountancy Ltd

7.	CONTROLLING PARTY

Port Designs Group, a company registered in France is the ultimate parent company of the smallest group for which consolidated financials statements are drawn up of which the company is a member. The ultimate parents company's registered office is 22, rue de la federation, 75015 Paris.