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COMPANY REGISTRATION NUMBER: 13813577

Porcellum Limited

Filleted Unaudited Financial Statements

31 May 2025

Porcellum Limited

Financial Statements

Year ended 31 May 2025

Contents | Page

Report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 3

Porcellum Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Porcellum Limited

Year ended 31 May 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 Porcellum Limited for the year ended 31 May 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
23 December 2025

Porcellum Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 5 | 510,437 | 453,433

Creditors: amounts falling due within one year | 6 | 3,350 | 2,180
| ------- | -------
Net current liabilities | 3,350 | 2,180
| --------- | ---------
Total assets less current liabilities | 507,087 | 451,253

Creditors: amounts falling due after more than one year | 7 | 663,581 | 577,374

Provisions | 8,377 | 15,970
| --------- | ---------
Net liabilities | ( 164,871) | ( 142,091)
| --------- | ---------

Capital and reserves

Called up share capital | 10,000 | 10,000
Profit and loss account | ( 174,871) | ( 152,091)
| --------- | ---------
Shareholders deficit | ( 164,871) | ( 142,091)
| --------- | ---------

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 income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

T C A Wright
Director

Company registration number: 13813577

Porcellum Limited

Notes to the Financial Statements

Year ended 31 May 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 YVHQ, Rhodyate, Blagdon, North Somerset, BS40 7YE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Going concern
The company is reliant on the continued support of its directors and shareholders. The directors have a reasonable expectation that with the support of its shareholders the company has adequate resources to continue to adopt the going concern basis in preparing the financial statements.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Investments
Investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Investments

| Other investments other than loans
| £
Cost |
At 1 June 2024 | 453,433
Additions | 57,004
| ---------
At 31 May 2025 | 510,437
| ---------
Impairment |
At 1 June 2024 and 31 May 2025 | –
| ---------

Carrying amount |
At 31 May 2025 | 510,437
| ---------
At 31 May 2024 | 453,433
| ---------

The basis for the valuation of the company's investment at 31st May 2025 is a revenue multiple basis using a discounted multiple from a share subscription offer.
6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to related parties | 2,150 | 980
Other creditors | 1,200 | 1,200
| ------- | -------
| 3,350 | 2,180
| ------- | -------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Amounts owed to related party | 663,581 | 577,374
| --------- | ---------