Porteus Holding Limited 13689501 false 2024-12-01 2025-11-30 2025-11-30 The principal activity of the company is Holding Company Digita Accounts Production Advanced 6.30.9574.0 true false 13689501 2024-12-01 2025-11-30 13689501 2025-11-30 13689501 core:RetainedEarningsAccumulatedLosses 2025-11-30 13689501 core:ShareCapital 2025-11-30 13689501 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-11-30 13689501 core:CurrentFinancialInstruments 2025-11-30 13689501 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 13689501 core:FurnitureFittings 2025-11-30 13689501 core:OfficeEquipment 2025-11-30 13689501 bus:SmallEntities 2024-12-01 2025-11-30 13689501 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 13689501 bus:FilletedAccounts 2024-12-01 2025-11-30 13689501 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 13689501 bus:RegisteredOffice 2024-12-01 2025-11-30 13689501 bus:Director1 2024-12-01 2025-11-30 13689501 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 13689501 bus:Agent1 2024-12-01 2025-11-30 13689501 core:FurnitureFittings 2024-12-01 2025-11-30 13689501 core:OfficeEquipment 2024-12-01 2025-11-30 13689501 core:AllSubsidiaries 2024-12-01 2025-11-30 13689501 countries:EnglandWales 2024-12-01 2025-11-30 13689501 core:CostValuation 2024-11-30 13689501 2023-12-01 2024-11-30 13689501 2024-11-30 13689501 core:RetainedEarningsAccumulatedLosses 2024-11-30 13689501 core:ShareCapital 2024-11-30 13689501 core:CurrentFinancialInstruments 2024-11-30 13689501 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 iso4217:GBP xbrli:pure

Registration number: 13689501

Porteus Holding Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Porteus Holding Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Porteus Holding Limited

Company Information

Director | Mr J Jackson-Porteus

Registered office | The Old School Fleetwood Road Esprick Preston Lancashire England PR4 3HJ

Accountants | McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Porteus Holding Limited

(Registration number: 13689501)
Statement of Financial Position as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 969 | -
Investment property | 5 | 3,549,358 | -
Investments | 6 | 1,202 | 1,202
Other financial assets | 7 | 36,500 | 36,500
|  | 3,588,029 | 37,702
Current assets |  |  |
Debtors | 8 | 431,444 | 3,368,202
Cash at bank and in hand |  | 998,950 | 1,659,383
|  | 1,430,394 | 5,027,585
Creditors: Amounts falling due within one year | 9 | (70,751) | (60,318)
Net current assets |  | 1,359,643 | 4,967,267
Total assets less current liabilities |  | 4,947,672 | 5,004,969
Provisions for liabilities |  | (184) | -
Net assets |  | 4,947,488 | 5,004,969
Capital and reserves |  |  |
Called up share capital |  | 1,102 | 1,102
Retained earnings |  | 4,946,386 | 5,003,867
Shareholders' funds |  | 4,947,488 | 5,004,969

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 7 April 2026

Porteus Holding Limited

(Registration number: 13689501)
Statement of Financial Position as at 30 November 2025 (continued)

......................................... Mr J Jackson-Porteus Director

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old School Fleetwood Road
Esprick
Preston
Lancashire
PR4 3HJ
England

These financial statements were authorised for issue by the director on 7 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Porteus Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rent of the properties in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and Fittings | 25% Reducing Balance Method
Office Equipment | 50% Reducing Balance Method

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
Additions | 599 | 1,040 | 1,639
At 30 November 2025 | 599 | 1,040 | 1,639
Depreciation
Charge for the year | 150 | 520 | 670
At 30 November 2025 | 150 | 520 | 670
Carrying amount
At 30 November 2025 | 449 | 520 | 969

5 | Investment properties

| 2025 £
Additions | 3,549,358
At 30 November | 3,549,358

There has been no valuation of investment property by an independent valuer.

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1,202 | 1,202

Subsidiaries | £
Cost or valuation
At 1 December 2024 | 1,202
Provision
Carrying amount
At 30 November 2025 | 1,202
At 30 November 2024 | 1,202

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

6 | Investments (continued)

7 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 December 2024 | 36,500 | 36,500
At 30 November 2025 | 36,500 | 36,500
Impairment
Carrying amount
At 30 November 2025 | 36,500 | 36,500

8 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | 421,552 | 3,368,202
Prepayments |  | 3,267 | -
Other debtors |  | 6,625 | -
|  | 431,444 | 3,368,202

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 1
Taxation and social security | 2,990 | -
Accruals and deferred income | 7,120 | -
Other creditors | 60,641 | 60,317
| 70,751 | 60,318

Porteus Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

10 | Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries with the group