Company Registration No. 08334189 (England and Wales)
PORTSUN LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
PORTSUN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PORTSUN LIMITED
Company Registration No. 08334189
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Debtors
3
657,731
646,110
Cash at bank and in hand
330,154
335,114
987,885
981,224
Creditors: amounts falling due within one year
4
(3,226)
(1,801)
Net current assets
984,659
979,423
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
984,658
979,422
Total equity
984,659
979,423

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 16 April 2026
S Blackmore
Director
PORTSUN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

Portsun Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company ceased trading on true 28 February 2026 therefore these accounts have not been prepared on a going concern basis.

1.3
Reporting period

The financial statements represent a period of 11 months from 1 April 2025 to 28 February 2026. This is due to the change in chosen financial year end date. Therefore the comparative figures may not be entirely comparable.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PORTSUN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2026
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2026
2025
Number
Number
Total
1
1
3
Debtors
2026
2025
Amounts falling due within one year:
£
£
Corporation tax recoverable
75,526
106,533
Other debtors
582,205
539,577
657,731
646,110
4
Creditors: amounts falling due within one year
2026
2025
£
£
Taxation and social security
1,179
-
0
Other creditors
2,047
1,801
3,226
1,801
5
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
6
Directors' benefits: credits, advances and guarantees

At the beginning of the year the company was owed £404,436 by the ex-director, C Murphy. During the year advances of £30,612 were made to the director.. There were no repayments made by the director during the year. Interest has been charged at the nominal rate of 3.75% and totalled £13,966 for the year. At the balance sheet date the balance due from the director was £449,014.

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