ACCOUNTS - Final Accounts preparation

Registered number: 09868988

PORTOBELLO TENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 NOVEMBER 2025

PORTOBELLO TENTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PORTOBELLO TENTS LIMITED
FOR THE YEAR ENDED 29 NOVEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portobello Tents Limited for the year ended 29 November 2025 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Portobello Tents Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Portobello Tents Limited and state those matters that we have agreed to state to the Board of directors of Portobello Tents Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portobello Tents Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Portobello Tents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Portobello Tents Limited. You consider that Portobello Tents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Portobello Tents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

McColes & Co (Herts) Ltd

Chartered Accountants

First Floor

28 Whitehorse Street

Baldock

Hertfordshire

SG7 6QQ

14 August 2026

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PORTOBELLO TENTS LIMITED

REGISTERED NUMBER: 09868988

STATEMENT OF FINANCIAL POSITION

AS AT 29 NOVEMBER 2025

		2025		2024
		£		£


Current assets
Debtors: amounts falling due within one year	5	40,135		40,135
Cash at bank and in hand		788		2,021
		40,923		42,156
Creditors: amounts falling due within one year	6	(135,720)		(136,543)
Net current liabilities			(94,797)		(94,387)
Total assets less current liabilities			(94,797)		(94,387)

Net liabilities			(94,797)		(94,387)

Capital and reserves
Called up share capital	485,000	485,000
Profit and loss account	(579,797)	(579,387)
	(94,797)	(94,387)

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PORTOBELLO TENTS LIMITED

REGISTERED NUMBER: 09868988

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 29 NOVEMBER 2025

For the year ended 29 November 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2026.

M Audley

Director

The notes on pages 4 to 7 form part of these financial statements.

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PORTOBELLO TENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

At 29th November 2025, the company had net liabilities of £94,797. The company is reliant on the support of the Directors. It is the intention of the directors to support the company and therefore these accounts have been prepared on a going concern basis.

1.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

				Long-term leasehold property	-	20%	straight line
				Plant and machinery	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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PORTOBELLO TENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

1.Accounting policies (continued)

1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	General information

The company is a private company, limited by shares and registered in England.

Its registered number is: 09868988

Its Registered Office is:

The Bury
Bury Green
Little Hadham
Ware
Hertfordshire
SG11 2HE

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.

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PORTOBELLO TENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 30 November 2024	5,304
	At 29 November 2025	5,304
	Depreciation
	At 30 November 2024	5,304
	At 29 November 2025	5,304
	Net book value
	At 29 November 2025	-
	At 29 November 2024	-

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PORTOBELLO TENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	810	810
Amounts owed by joint ventures and associated undertakings	35,210	35,210
Other debtors	4,115	4,115
	40,135	40,135

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	(47)
Trade creditors	53	143
Other creditors	135,247	135,247
Accruals and deferred income	420	1,200
	135,720	136,543

7.	Related party transactions
	The amount due to a director, and included in other creditors at the reporting date, was £135,247; (2024: £135,247). The loan does not attract a rate of interest and is repayable on demand.

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