The Portington Trading Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06006613

The Portington Trading Company Limited

Filleted Unaudited Financial Statements

Year ended

24 June 2025

The Portington Trading Company Limited

Financial Statements

Year ended 24 June 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

The Portington Trading Company Limited

Statement of Financial Position

24 June 2025

	2025		2024
Note	£	£	£	£

Current assets

Stocks		179,789	178,628
Debtors	4	6,530	6,360
Cash at bank and in hand		366	400
		----------	----------
		186,685	185,388

Creditors: amounts falling due within one year	5	151,390		151,447
		----------		----------
Net current assets			35,295		33,941
			--------		--------
Total assets less current liabilities			35,295		33,941

Creditors: amounts falling due after more than one year	6	45,500	45,500
		--------	--------
Net liabilities		( 10,205)	( 11,559)
		--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 10,207)	( 11,561)
	--------	--------
Shareholders funds	( 10,205)	( 11,559)
	--------	--------

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 income statement has not been delivered.

For the year ending 24 June 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Portington Trading Company Limited

Statement of Financial Position (continued)

24 June 2025

These financial statements were approved by the board of directors and authorised for issue on 23 June 2026 , and are signed on behalf of the board by:

T E Leighton
Director

Company registration number: 06006613

The Portington Trading Company Limited

Notes to the Financial Statements

Year ended 24 June 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 Pippin House, High Street, Barmby on the Marsh, Goole, East Yorkshire, DN14 7HU.

2. Statement of compliance

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

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. The balance sheet at 24 June 2025 shows that liabilities exceed assets by £10,205, including liabilities to the director of £52,987. It has been agreed that this loan will not be repaid in the foreseeable future. The company relies on the continued support of the director to enable it to continue normal trading activities, which the director confirms will be made available for the foreseeable future. The accounts are therefore prepared on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the land sold and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of land is recognised by reference to the contract date.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

(e) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(f) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2025	2024
	£	£
Other debtors	6,530	6,360
	-------	-------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,040	12,800
Corporation tax	3,111	2,793
Social security and other taxes	27,493	21,268
Director's Loan Account	52,987	66,552
Other creditors	53,759	48,034
	----------	----------
	151,390	151,447
	----------	----------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	45,500	45,500
	--------	--------

7. Related party transactions

The sole director and shareholder had a loan account with the company during the period and the balance due to him at 24 June 2025 was £ 52,987 (24 June 2024 £66,552).