REGISTERED NUMBER: 09601245 (England and Wales)

THE PORTLAND PROPERTY COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Mansell

Mrs C M Mansell

Miss J J Humpidge

REGISTERED OFFICE:

72 Prospect Road

Birmingham

West Midlands

B13 9TD

REGISTERED NUMBER:

09601245 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Investment property

4

230,000

225,000

CURRENT ASSETS

Debtors

5

-

792

Cash at bank and in hand

15,596

9,210

15,596

10,002

CREDITORS

Amounts falling due within one year

6

120,747

119,668

NET CURRENT LIABILITIES

(105,151

)

(109,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,849

115,334

PROVISIONS FOR LIABILITIES

24,788

17,889

NET ASSETS

100,061

97,445

CAPITAL AND RESERVES

Called up share capital

300

300

Fair value reserve

7

100,122

-

Retained earnings

(361

)

97,145

SHAREHOLDERS' FUNDS

100,061

97,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

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:

Mrs C M Mansell - Director

1.	STATUTORY INFORMATION

The Portland Property Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

225,000

Revaluations

5,000

At 31 May 2025

230,000

NET BOOK VALUE

At 31 May 2025

230,000

At 31 May 2024

225,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2020

29,021

Valuation in 2021

13,000

Valuation in 2022

15,000

Valuation in 2023

40,000

Valuation in 2024

5,000

Valuation in 2025

5,000

Cost

122,979

230,000

The investment property was valued on an open market basis on 31 May 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

-

792

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Taxation and social security

2,232

1,212

Other creditors

118,515

118,456

120,747

119,668

7.

RESERVES

Fair

value

reserve

£

Transfer between reserves

107,021

Deferred tax

(6,899

)

At 31 May 2025

100,122