REGISTERED NUMBER: 09568952 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PORTBRIDGE ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C E Josefovitz

M Rothbart

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

09568952 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

1,204

1,417

Investment property

6

1,543,531

1,718,919

1,544,735

1,720,336

CURRENT ASSETS

Debtors

7

438,840

405,335

Cash at bank

30,710

29,395

469,550

434,730

CREDITORS

Amounts falling due within one year

8

(894,959

)

(994,724

)

NET CURRENT LIABILITIES

(425,409

)

(559,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,119,326

1,160,342

CREDITORS

Amounts falling due after more than one year

9

(759,739

)

(786,088

)

NET ASSETS

359,587

374,254

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

13

359,585

374,252

SHAREHOLDERS' FUNDS

359,587

374,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2026 and were signed on its behalf by:

M Rothbart - Director

1.	STATUTORY INFORMATION

PORTBRIDGE ESTATES 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

5,199

DEPRECIATION

At 1 May 2024

3,782

Charge for year

213

At 30 April 2025

3,995

NET BOOK VALUE

At 30 April 2025

1,204

At 30 April 2024

1,417

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

1,718,919

Disposals

(175,388

)

At 30 April 2025

1,543,531

NET BOOK VALUE

At 30 April 2025

1,543,531

At 30 April 2024

1,718,919

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

438,840

405,335

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

21,191

14,463

Other creditors

873,768

980,261

894,959

994,724

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 10)

738,722

760,934

Other creditors

21,017

25,154

759,739

786,088

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

358,322

358,322

Repayable by instalments

Bank loans more 5 yr by instal

380,400

402,612

Other creditors includes Bounceback loan of £21,017 [2024 - £25,154]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due between two and five years:

Other loans - 2-5 years

21,017

25,154

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

358,322

358,322

Repayable by instalments

Bank loans more 5 yr by instal

380,400

402,612

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

738,722

760,934

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

ORDINARY

1

2

2

13.

RESERVES

Retained

earnings

£

At 1 May 2024

374,252

Deficit for the year

(14,667

)

At 30 April 2025

359,585