IRIS Accounts Production v26.1.0.640 SC412714 director 1.1.25 31.12.25 31.12.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC412714 2024-12-31 SC412714 2025-12-31 SC412714 2025-01-01 2025-12-31 SC412714 2023-12-31 SC412714 2024-01-01 2024-12-31 SC412714 2024-12-31 SC412714 ns15:Scotland 2025-01-01 2025-12-31 SC412714 ns14:PoundSterling 2025-01-01 2025-12-31 SC412714 ns10:Director1 2025-01-01 2025-12-31 SC412714 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC412714 ns10:SmallEntities 2025-01-01 2025-12-31 SC412714 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC412714 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC412714 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC412714 ns10:FullAccounts 2025-01-01 2025-12-31 SC412714 1 2025-01-01 2025-12-31 SC412714 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC412714 ns5:CurrentFinancialInstruments 2025-12-31 SC412714 ns5:CurrentFinancialInstruments 2024-12-31 SC412714 ns5:ShareCapital 2025-12-31 SC412714 ns5:ShareCapital 2024-12-31 SC412714 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC412714 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC412714 ns5:NetGoodwill 2025-01-01 2025-12-31 SC412714 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 SC412714 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 SC412714 ns5:PlantMachinery 2025-01-01 2025-12-31 SC412714 ns5:NetGoodwill 2024-12-31 SC412714 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 SC412714 ns5:NetGoodwill 2025-12-31 SC412714 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 SC412714 ns5:NetGoodwill 2024-12-31 SC412714 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 SC412714 ns5:PlantMachinery 2024-12-31 SC412714 ns5:PlantMachinery 2025-12-31 SC412714 ns5:PlantMachinery 2024-12-31 SC412714 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC412714 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC412714 ns5:WithinOneYear 2025-12-31 SC412714 ns5:WithinOneYear 2024-12-31 SC412714 ns5:BetweenOneFiveYears 2025-12-31 SC412714 ns5:BetweenOneFiveYears 2024-12-31 SC412714 ns5:AllPeriods 2025-12-31 SC412714 ns5:AllPeriods 2024-12-31 SC412714 ns10:Director1 1 2024-12-31 SC412714 ns10:Director1 1 2023-12-31 SC412714 ns10:Director1 1 2025-01-01 2025-12-31 SC412714 ns10:Director1 1 2024-01-01 2024-12-31 SC412714 ns10:Director1 1 2025-12-31 SC412714 ns10:Director1 1 2024-12-31

REGISTERED NUMBER: SC412714 (Scotland)

| Mr So Portobello Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| Mr So Portobello Limited (Registered number: SC412714) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Mr So Portobello Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | Mr I I Pun

| REGISTERED OFFICE: | 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| REGISTERED NUMBER: | SC412714 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | The Royal Bank of Scotland plc

| Edinburgh West End Office

| 142-144 Princes Street

| Edinburgh

| EH2 4EQ

| Mr So Portobello Limited (Registered number: SC412714) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 5,600 |  | 7,000 |  |

Tangible assets | 5 | 4,339 |  | 2,943 |  |

9,939 |  | 9,943 |  |

CURRENT ASSETS

Stocks | 4,000 |  | 4,000 |  |

Debtors | 6 | 31,592 |  | 81,417 |  |

Cash at bank and in hand | 77,464 |  | 55,891 |  |

113,056 |  | 141,308 |  |

CREDITORS

Amounts falling due within one year | 7 | 49,233 |  | 51,736 |  |

NET CURRENT ASSETS | 63,823 |  | 89,572 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 73,762 |  | 99,515 |  |

PROVISIONS FOR LIABILITIES | 824 |  | 736 |  |

NET ASSETS | 72,938 |  | 98,779 |  |

| Mr So Portobello Limited (Registered number: SC412714) |

Balance Sheet - continued

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 72,936 |  | 98,777 |  |

SHAREHOLDERS' FUNDS | 72,938 |  | 98,779 |  |

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

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

The director acknowledges his 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 director and authorised for issue on 19 March 2026 and were signed by:

Mr I I Pun - Director

| Mr So Portobello Limited (Registered number: SC412714) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Mr So Portobello Limited is a private company, limited by shares , registered in Scotland. 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.

| Turnover and revenue recognition

| Turnover, which represents net invoiced sales of goods excluding value added tax, is recognised at the point when a meal is served or delivered to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2012, had been amortised evenly over its estimated life of eight years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Lease premium are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33% on cost, 25% on cost and 20% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| All loans with related parties are all repayable on demand.

| Mr So Portobello Limited (Registered number: SC412714) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Provisions for liabilities

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2024 - 12 ) .

| Mr So Portobello Limited (Registered number: SC412714) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 9,000 |  | 14,000 |  | 23,000 |  |

| AMORTISATION

| At 1 January 2025 | 9,000 |  | 7,000 |  | 16,000 |  |

| Charge for year | - |  | 1,400 |  | 1,400 |  |

| At 31 December 2025 | 9,000 |  | 8,400 |  | 17,400 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 5,600 |  | 5,600 |  |

| At 31 December 2024 | - |  | 7,000 |  | 7,000 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 14,165 |  |

| Additions | 4,691 |  |

| Disposals | (6,108 | ) |

| At 31 December 2025 | 12,748 |  |

| DEPRECIATION

| At 1 January 2025 | 11,222 |  |

| Charge for year | 1,797 |  |

| Eliminated on disposal | (4,610 | ) |

| At 31 December 2025 | 8,409 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,339 |  |

| At 31 December 2024 | 2,943 |  |

| Mr So Portobello Limited (Registered number: SC412714) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 31,592 |  | 81,417 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 4,660 |  | 4,000 |  |

| Taxation and social security | 29,765 |  | 34,700 |  |

| Other creditors | 14,808 |  | 13,036 |  |

49,233 |  | 51,736 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 18,876 |  | 17,160 |  |

| Between one and five years | 65,604 |  | 75,900 |  |

84,480 |  | 93,060 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| Mr I I Pun

| Balance outstanding at start of year | 52,213 |  | 97,819 |  |

| Amounts advanced | 8,875 |  | 66,859 |  |

| Amounts repaid | (50,000 | ) | (112,465 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 11,088 |  | 52,213 |  |

| The director's current account is unsecured and have no fixed term of repayment. Interest charged at 3.75% per annum on the outstanding balance.

| Mr So Portobello Limited (Registered number: SC412714) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | RELATED PARTY DISCLOSURES

| During the year, the company paid expenses £474 (2024: £710) on behalf of the director and advanced £8,000 (2024: £65,000) to the director. The director repaid £50,000 (2024: £112,465) to the company. Interest of £401 (2024: £1,149) was charged at 3.75% per annum on the outstanding balance. The outstanding balance as at 31 December 2025 was £11,088 (2024: £52,213) owed to the company.