PORT ASSOCIATES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3613269

PORT ASSOCIATES LIMITED

Filleted Unaudited Financial Statements

31 August 2025

PORT ASSOCIATES LIMITED

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	22,467	30,038

Current assets

Debtors	7	8,417	14,582
Cash at bank and in hand		74,603	104,286
		--------	---------
		83,020	118,868

Creditors: amounts falling due within one year	8	79,467	97,817
		--------	---------
Net current assets		3,553	21,051
		--------	--------
Total assets less current liabilities		26,020	51,089

Provisions	5,617	7,509
	--------	--------
Net assets	20,403	43,580
	--------	--------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account	10	20,303	43,480
		--------	--------
Shareholders funds		20,403	43,580
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

PORT ASSOCIATES LIMITED

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

L A Port

Director

Company registration number: 3613269

PORT ASSOCIATES LIMITED

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 St James Road, Little Paxton, Cambridgeshire, PE19 6QW, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Accounting convention

The accounts have been prepared under the historical cost convention and in compliance with the provisions of the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (SI2008/409) and Financial Reporting Standard 102 Section 1A.

(b) Turnover

Turnover represents fees earned for services provided during the year and is stated net of Value Added Tax.

(c) Tangible fixed assets and depreciation

Fixed assets are stated at cost less a provision for accumulated depreciation. Depreciation is provided at the following annual rates in order to write each asset down to its residual value over its estimated useful life: Office equipment - 33% on reducing balance Furniture and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).

5. Tax on profit

	2025	2024
	£	£
Charge to corporation tax on the profit for the year @ 19.5% (2024 – 22.8%)	10,393	23,148
(Credit)/charge to deferred taxation @ 25% (2024 – 25%)	(1,892)	(2,534)
	--------	--------
	8,501	20,614
	--------	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024 and 31 August 2025	1,328	52,090	15,785	69,203
	-------	--------	--------	--------
Depreciation
At 1 September 2024	1,328	22,789	15,048	39,165
Charge for the year	–	7,325	246	7,571
	-------	--------	--------	--------
At 31 August 2025	1,328	30,114	15,294	46,736
	-------	--------	--------	--------
Carrying amount
At 31 August 2025	–	21,976	491	22,467
	-------	--------	--------	--------
At 31 August 2024	–	29,301	737	30,038
	-------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	8,417	5,192
Other debtors	–	9,390
	-------	--------
	8,417	14,582
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	10,393	23,148
Social security and other taxes	2,477	10,867
Director’s current account ( L A Port)	50,255	47,513
Other creditors	16,342	16,289
	--------	--------
	79,467	97,817
	--------	--------

9. Called up share capital

	2025	2024
	£	£
Authorised: 100 ordinary shares of £1 each	100	100
Allotted, called up and fully paid: 100 ordinary shares of £1 each	100	100

10. Reserves

	2025	2024
	£	£
Accumulated profits brought forward	43,480	43,483
Profit for the financial year	36,823	69,997
Dividends paid in the year	(60,000)	(70,000)
	--------	--------
Accumulated profits carried forward	20,303	43,480
	--------	--------