Company Registration No. 10921041 (England and Wales)
Portland Rail Limited
Unaudited accounts
for the year ended 31 August 2025
Portland Rail Limited
Unaudited accounts
Contents
Portland Rail Limited
Company Information
for the year ended 31 August 2025
Company Number
10921041 (England and Wales)
Registered Office
9a Hurlingham Court
Ranelagh Gardens
London
SW6 3SH
United Kingdom
Accountants
W R Luke
Lester Associates Limited
105 Palewell Park
London
SW14 8JJ
Portland Rail Limited
Statement of financial position
as at 31 August 2025
Tangible assets
5,512
9,944
Cash at bank and in hand
96,162
240,545
Creditors: amounts falling due within one year
(45,128)
(125,683)
Net current assets
174,377
233,060
Total assets less current liabilities
235,523
298,638
Creditors: amounts falling due after more than one year
(147,900)
(147,900)
Called up share capital
150
150
Profit and loss account
87,473
150,588
Shareholders' funds
87,623
150,738
For the year ending 31 August 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2026 and were signed on its behalf by
A. Karami
Director
Company Registration No. 10921041
Portland Rail Limited
Notes to the Accounts
for the year ended 31 August 2025
Portland Rail Limited is a private company, limited by shares, registered in England and Wales, registration number 10921041. The registered office is 9a Hurlingham Court, Ranelagh Gardens, London, SW6 3SH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
943
16,286
17,229
At 31 August 2025
943
16,286
17,229
At 1 September 2024
761
6,524
7,285
Charge for the year
45
4,387
4,432
At 31 August 2025
806
10,911
11,717
At 31 August 2025
137
5,375
5,512
At 31 August 2024
182
9,762
9,944
5
Investments
Other investments
Valuation at 1 September 2024
55,634
Valuation at 31 August 2025
55,634
Portland Rail Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Other debtors
14,895
9,750
Amounts falling due after more than one year
Other debtors
103,500
103,500
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
753
6,102
Other creditors
43,458
113,867
8
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
147,900
147,900
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
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Average number of employees
During the year the average number of employees was 1 (2024: 1).