Portman Wine Distributors Limited 31/12/2025 iXBRL

Company registration number: 07004797

Portman Wine Distributors Limited

Unaudited filleted financial statements

31 December 2025

Portman Wine Distributors Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Portman Wine Distributors Limited

Directors and other information


	Director
		A Dorski


	Company number	07004797


	Registered office	4th Floor Synergy House
		114-118 Southampton Row
		London WC1B 5AA


	Accountants	Redford & Co Limited
		Chartered Accountants
		4th Floor Synergy House
		114-118 Southampton Row
		London
		WC1B 5AA

Portman Wine Distributors Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Intangible assets	5	-		-
Current assets
Stocks		516,786		181,464
Debtors	6	4,097,863		4,320,173
Cash at bank and in hand		90,367		25,048
		_______		_______
		4,705,016		4,526,685
Creditors: amounts falling due
within one year	7	( 4,558,417)		( 4,394,101)
		_______		_______
Net current assets			146,599		132,584
			_______		_______
Total assets less current liabilities			146,599		132,584

			_______		_______
Net assets			146,599		132,584
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			145,599		131,584
			_______		_______
Shareholder funds			146,599		132,584
			_______		_______

For the year ending 31 December 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 member has 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

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

A Dorski

Director

Company registration number: 07004797

Portman Wine Distributors Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 4th Floor Synergy House, 114-118 Southampton Row, London WC1B 5AA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover represents the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due.Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date, based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 pay or recover 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	over 3 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 January 2025 and 31 December 2025	8,868	8,868
	_______	_______
Amortisation
At 1 January 2025 and 31 December 2025	8,868	8,868
	_______	_______
Carrying amount
At 31 December 2025	-	-
	_______	_______
At 31 December 2024	-	-
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	4,094,768	4,275,174
Other debtors	3,095	44,999
	_______	_______
	4,097,863	4,320,173
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,522,965	4,358,753
Corporation tax	19,706	26,289
Social security and other taxes	1,278	1,605
Other creditors	14,468	7,454
	_______	_______
	4,558,417	4,394,101
	_______	_______

8. Controlling party

The company was controlled by Loza Winery Ltd, a company incorporated in Bulgaria, which owns 100% of the share capital of the company.