Pordum Foods Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04968993

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		14,528		552,704
Tangible Assets	5		18,827		33,067

			33,355		585,771
CURRENT ASSETS
Stocks	6	23,655		69,212
Debtors	7	966,003		602,601
Cash at bank and in hand		15,836		26,879

		1,005,494		698,692
Creditors: Amounts Falling Due Within One Year	8	(773,741 )		(941,167 )

NET CURRENT ASSETS (LIABILITIES)			231,753		(242,475 )

TOTAL ASSETS LESS CURRENT LIABILITIES			265,108		343,296

Creditors: Amounts Falling Due After More Than One Year	9		(251,910 )		(243,702 )

NET ASSETS			13,198		99,594

CAPITAL AND RESERVES
Called up share capital	10		416,667		416,667
Share premium account			1,385,481		1,385,481
Other reserves			1,709,195		1,709,195
Profit and Loss Account			(3,498,145 )		(3,411,749 )

SHAREHOLDERS' FUNDS			13,198		99,594

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Pordum Foods Limited

Balance Sheet (continued)

As At 30 December 2024

For the year ending 30 December 2024 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R A Gillblad

Director

30 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pordum Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04968993 . The registered office is Office 1517 Landmark Office Space, 99 Bishopsgate, London, EC2M 3XD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patents and licences It is amortised to the profit and loss account over the remaining licence period.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% per annum on a straight line basis
Fixtures & Fittings	25% per annum on a reducing balance basis
Computer Equipment	33.33% per annum on a straight line basis

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 7)

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Pordum Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

4. Intangible Assets

	Other
	£
Cost or Valuation
As at 1 January 2024	666,000
Revaluations	(400,000 )

As at 30 December 2024	266,000

Amortisation
As at 1 January 2024	113,296
Provided during the period	138,176

As at 30 December 2024	251,472

Net Book Value
As at 30 December 2024	14,528

As at 1 January 2024	552,704

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	6,000	124,410	29,011	-	159,421
Additions	-	-	-	4,887	4,887
Disposals	-	(124,410 )	-	-	(124,410 )

As at 30 December 2024	6,000	-	29,011	4,887	39,898

Depreciation
As at 1 January 2024	542	110,060	15,752	-	126,354
Provided during the period	600	-	3,315	862	4,777
Disposals	-	(110,060 )	-	-	(110,060 )

As at 30 December 2024	1,142	-	19,067	862	21,071

Net Book Value
As at 30 December 2024	4,858	-	9,944	4,025	18,827

As at 1 January 2024	5,458	14,350	13,259	-	33,067

6. Stocks

	2024	2023
	£	£
Stock	23,655	69,212

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Pordum Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	206,540	81,510
Amounts owed by group undertakings	595,138	478,785
Other debtors	164,325	42,306

	966,003	602,601

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	194,668	134,231
Bank loans and overdrafts	53,333	53,866
Amounts owed to group undertakings	266,274	578,741
Other creditors	216,829	118,558
Taxation and social security	42,637	55,771

	773,741	941,167

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	74,235	73,702
Other loans	7,675	-
Other creditors	170,000	170,000

	251,910	243,702

Preference shares of £170,000 (Redeemable preference shares of £1 each) (2022: £170,000) is classified as liabilities. The redeemable preference shares are non-voting and eligible to a 5.25% cumulative preference dividend and are redeemable at the absolute discretion of the company. The redeemable preference shares are not entitled to any other dividends. The cumulative preference share dividends up to the balance sheet date have been waived by the holder of the shares.

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	416,667	416,667

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