Porter Channing Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09521097

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		2,630,000		3,430,000

			2,630,000		3,430,000
CURRENT ASSETS
Debtors	6	40,380		37,322
Cash at bank and in hand		568,263		448,105

		608,643		485,427
Creditors: Amounts Falling Due Within One Year	7	(243,564 )		(442,926 )

NET CURRENT ASSETS (LIABILITIES)			365,079		42,501

TOTAL ASSETS LESS CURRENT LIABILITIES			2,995,079		3,472,501

Creditors: Amounts Falling Due After More Than One Year	8		(4,565,226 )		(4,753,445 )

NET LIABILITIES			(1,570,147 )		(1,280,944 )

CAPITAL AND RESERVES
Called up share capital			10,000		10,000
Profit and Loss Account			(1,580,147 )		(1,290,944 )

SHAREHOLDERS' FUNDS			(1,570,147)		(1,280,944)

Page 1

Page 2

Porter Channing Investments Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Melvin Porter

Director

13/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Porter Channing Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09521097 . The registered office is C/O Strivex Ltd Beacon House, Ibstone Road, HP14 3FE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the year end the Company had net liabilities of £1,565,464, as a result of a historic fall in the fair value of the investment property portfolio. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Significant judgements and estimations

The directors have made key assumptions in the determination of the fair value of the investment properties.

2.4. Turnover

Turnover represents rents receivable and recharged insurance, net of VAT.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

3 years straight line

2.6. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss.

The Directors' have confirmed that the value of the properties shown in the accounts is a fair reflection of their value under market conditions as at 31 March 2026.

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8. Basic financial liabilities

Debt instruments are carried at amortised cost, using the effective interest rate method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

Page 3

Page 4

Porter Channing Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	2,397

As at 31 March 2026	2,397

Depreciation
As at 1 April 2025	2,397

As at 31 March 2026	2,397

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	3,430,000
Disposals	(800,000 )

As at 31 March 2026	2,630,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	27,553	19,894
Other debtors	12,827	17,428

	40,380	37,322

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	9,750
Other loans	23,333	23,333
Debentures	155,556	155,556
Other creditors	51,347	77,908
Taxation and social security	13,328	176,379

	243,564	442,926

Page 4

Page 5

Porter Channing Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	782,084	785,192
Other loans	2,660,476	2,684,042
Debentures	1,122,666	1,284,211

	4,565,226	4,753,445

The directors, Mr & Mrs M Porter, both hold fixed and floating charges dated 1 May 2015 over all the freehold property of the Company. Handlesbanken also holds 4 separate charges, three are dated 22 January 2016 and one is dated 1 December 2017. One has a fixed & floating charge covering all the property or undertaking of the Company and three separate fixed charges over specific properties within the company's portfolio.

The loans from the directors secured against the freehold of the investment properties as at 31st March 2026 were £1,278,221. The book value of the investment properties as at 31st March 2026 was £2,630,000. Interest on the loans is payable on a monthly basis at 1% above the base rate of RBS Natwest Bank PLC.

The loans from Handlesbanken secured against the freehold of the investment properties as at 31st March 2026 were £782,084. The book value of the investment properties as at 31st March 2026 was £2,630,000. The loans are repayable in full on the maturity date and interest is charged on a monthly basis at 1.5% above Libor.

9. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Page 5