smallAccCompHo_0921.xslt
Company Registration No. 08139655 (England and Wales)
EFS PORTFOLIO LTD
Financial Statements
for the Period from 01 November 2024 to 31 October 2025

EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Company Information

Company Details
Company Number 08139655
Registered Office WATERMOOR POINT
WATERMOOR ROAD
CIRENCESTER
GLOUCESTERSHIRE
GL7 1LF
Directors
Directors who held office during the period were:
Peter Richard RANDALL   
Ryan HARMER Resigned   31/10/2025
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Statement of Financial Position

12345678
Notes 2025 2024
£ £
Fixed Assets
Current Assets
Debtors due 6 6,165,561 7,214,175
Cash at bank and in hand 1,889 8,339
6,167,450 7,222,514
Creditors
Amount falling due within one year 7 (1,003,208) (758,438)
Net Current Assets 5,164,242 6,464,076
Total Assets less current liabilities 5,164,242 6,464,076
Creditors due after more than one year 8 (2,846,664) (3,298,042)
Net Assets 2,317,578 3,166,034
Capital and Reserves
Called up Share Capital 1 1
Revaluation Reserve 803,374 872,807
Retained earnings at end of year 1,514,203 2,293,226
Shareholder funds 2,317,578 3,166,034
For the year ending 31/10/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 16 July 2026
Peter Richard Randall
Company Registration No. 08139655
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

1. Statutory Information
EFS PORTFOLIO LTD is a private company, limited by shares, registered in England and Wales, registration number 08139655.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

Current Tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

Deferred Tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

3. Exceptional Items
In October 2025, the company changed ownership. As a consequence of the transaction, the company incurred a one-off reorganisation cost of £1,092,644. This amount has been recognised in the 2024/5 accounts.
4. Employees
Average number of employees, including directors, during the year was as follows:
2025 2
2024 0
5. Principal Activity
The company's principal activity during the year continued to be the provision of the service and maintenance of boilers to end user customers. Under new ownership, the company has recommenced the installation of new heating and cooling systems for homes, to which it will provide maintenance under service contracts. This activity is expected to generate increasing revenues over time. This installation activity utilises the experience gained by the company through its brand Hassle Free Boilers.
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

6. Debtors
2025 2024
£ £
Trade debtors 5,780,887 7,061,118
Other debtors 124,999 153,057
Prepayment and accrued income 259,675 -
6,165,561 7,214,175
Debtors Notes
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7. Creditors: amount falling due within one year
2025 2024
£ £
Bank Loans and other overdrafts 884,375 540,000
Trade Creditors 78,919 142,633
Other tax and social security 23,522 36,164
Other Creditors 16,392 39,641
1,003,208 758,438
Creditors Due within one year
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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EFS PORTFOLIO LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

8. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts 2,613,858 3,298,042
Trade Creditors 232,806 -
2,846,664 3,298,042
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