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Company Registration No. 12289899 (England and Wales)
Porthsele Limited Unaudited accounts for the year ended 31 October 2025
Porthsele Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Porthsele Limited Company Information for the year ended 31 October 2025
Director
Patrick Robert Collier
Company Number
12289899 (England and Wales)
Registered Office
62 WILBURY WAY HITCHIN HERTS SG4 0TP ENGLAND
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Porthsele Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
15,572
-
Tangible assets
5
-
3,334
15,572
3,334
Current assets
Debtors
6
350
350
Investments
7
50,000
50,000
Cash at bank and in hand
118,589
50,407
168,939
100,757
Creditors: amounts falling due within one year
8
(25,081)
(34,851)
Net current assets
143,858
65,906
Total assets less current liabilities
159,430
69,240
Creditors: amounts falling due after more than one year
9
(22,104)
(27,500)
Net assets
137,326
41,740
Capital and reserves
Called up share capital
100
100
Profit and loss account
137,226
41,640
Shareholders' funds
137,326
41,740
For the year ending 31 October 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 20 July 2026 and were signed on its behalf by
Patrick Robert Collier Director Company Registration No. 12289899
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Porthsele Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Porthsele Limited is a private company, limited by shares, registered in England and Wales, registration number 12289899. The registered office is 62 WILBURY WAY, HITCHIN, HERTS, SG4 0TP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
33% Straight Line
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
-
Additions
15,572
At 31 October 2025
15,572
Amortisation
At 1 November 2024
-
At 31 October 2025
-
Net book value
At 31 October 2025
15,572
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Porthsele Limited Notes to the Accounts for the year ended 31 October 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 November 2024
10,000
At 31 October 2025
10,000
Depreciation
At 1 November 2024
6,666
Charge for the year
3,334
At 31 October 2025
10,000
Net book value
At 31 October 2025
-
At 31 October 2024
3,334
6
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
350
350
7
Investments held as current assets
2025
2024
£
£
Unlisted investments
50,000
50,000
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,210
6,210
Taxes and social security
-
3,770
Loans from directors
18,871
24,871
25,081
34,851
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
22,104
27,500
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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