REGISTERED NUMBER: 04504939 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Portland Investment Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M J Davison

Mr A D Sheekey

Mr K D Heppenstall

REGISTERED OFFICE:

28 Bailey Street

Sheffield

South Yorkshire

S1 4EH

REGISTERED NUMBER:

04504939 (England and Wales)

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Investments

4

3,049,718

3,349,518

CURRENT ASSETS

Debtors

5

1,251,243

2,183,899

Cash at bank

1,985

906

1,253,228

2,184,805

CREDITORS

Amounts falling due within one year

6

1,521,470

1,287,739

NET CURRENT (LIABILITIES)/ASSETS

(268,242

)

897,066

TOTAL ASSETS LESS CURRENT LIABILITIES

2,781,476

4,246,584

CAPITAL AND RESERVES

Called up share capital

7

66,975

66,975

Share premium

68,500

68,500

Capital redemption reserve

66,525

66,525

Retained earnings

2,579,476

4,044,584

SHAREHOLDERS' FUNDS

2,781,476

4,246,584

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr K D Heppenstall - Director

1.	STATUTORY INFORMATION

Portland Investment Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

2,049,518

1,300,000

3,349,518

Additions

200

-

200

Revaluations

-

(300,000

)

(300,000

)

At 31 October 2025

2,049,718

1,000,000

3,049,718

NET BOOK VALUE

At 31 October 2025

2,049,718

1,000,000

3,049,718

At 31 October 2024

2,049,518

1,300,000

3,349,518

Cost or valuation at 31 October 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost

2,049,718

1,000,000

3,049,718

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

708,170

Other debtors

1,251,243

1,475,729

1,251,243

2,183,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

202,500

Trade creditors

-

3,762

Amounts owed to group undertakings

818,974

2,020

Taxation and social security

16,589

20,191

Other creditors

685,907

1,059,266

1,521,470

1,287,739

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

48,231

Ordinary A

£1

48,231

48,231

10,046

Ordinary C

£1

10,046

10,046

2,000

Ordinary E

£1

2,000

2,000

6,698

Ordinary D

£1

6,698

6,698

66,975

66,975

A & C shareholders carry the same voting rights. E & D shareholders are not entitled to a vote at general meetings.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

9.	RELATED PARTY DISCLOSURES

At the year end, £673,000 (2024: £706,150 owed from) was owed to companies under the common control of Mr M J Davison.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Davison.

At 31 October 2025 the company's parent company was Portland Investment Group Holdings Limited, a company which is incorporated in the UK. The ultimate parent company is Portland Investment Group Holdings Limited. The consolidated accounts of this company are available to the public and may be obtained from Companies House, Cardiff.