Port Europe Limited iXBRL

Port Europe Limited

Financial Statements

for the financial year ended 31 March 2026

Port Europe Limited

DIRECTORS AND OTHER INFORMATION


Directors	Mr S E H Tripot
	Ms Delphine D F Burgues (Appointed 1 April 2026)
	Mrs Laurene M M Hulaud (Resigned 1 April 2026)


Company Registration Number	04817919


Registered Office and Business Address	167-169 Great Portland Street,5th Floor
	London
	W1W 5PF
	England


Independent Auditors	Pertax Accountancy Ltd
	Chartered Certified Accountants and Statutory Auditors
	Quatro House
	Frimley Road
	Camberley
	Surrey
	GU16 7ER
	United Kingdom

Port Europe Limited

Company Registration Number: 04817919

BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Current Assets

Debtors

284,331

427,486

Cash and cash equivalents

157,624

86,251

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441,955

513,737

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Creditors: amounts falling due within one year

(63,203)

(59,543)

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Net Current Assets

378,752

454,194

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Total Assets less Current Liabilities

378,752

454,194

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Capital and Reserves

Called up share capital

102

102

Retained earnings

378,650

454,092

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Equity attributable to owners of the company

378,752

454,194

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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

Approved by the Board and authorised for issue on 31 July 2026 and signed on its behalf by



________________________________
Mr S E H Tripot
Director

Port Europe Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Port Europe Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 04817919. The registered office of the company is 167-169 Great Portland Street,5th Floor, London, W1W 5PF, England which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover represents the sales commission received from the parent company as Port Europe Limited is acting as an agent of the parent company. Commission is calculated as a percentage of sales made on behalf of the parent company.

Commission is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before commission is recognised:

Rendering of services

i) the amount of revenue can be measured reliably;

ii) it is probable that the company will receive the consideration due under the contract.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

The company incurred a loss for the financial year of £75,442 (2025: £8,196) and derives all of its income as agent of its parent company, Port Europe SAS, on whose continuing support it is reliant. Port Europe SAS has confirmed its intention to provide such support as is necessary to enable the company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by Pertax Accountancy Ltd.

The Auditor's Report was signed by Azhar Ahmed (Senior Statutory Auditor) for and on behalf of Pertax Accountancy Ltd on 3rd August 2026.

Employees

The average monthly number of employees, including directors, during the financial year was 3, (2025 - 3).


6.	Debtors	2026	2025
		£	£

	Amounts owed by group undertakings	283,199	426,209
	Other debtors	1,132	1,277
		─────────	─────────
		284,331	427,486
		═════════	═════════


7.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Trade creditors	9,394	10,231
	Taxation (Note 8)	6,962	7,581
	Other creditors	1,190	-
	Accruals	45,657	41,731
		─────────	─────────
		63,203	59,543
		═════════	═════════


8.	Taxation	2026	2025
		£	£

	Creditors:
	PAYE / NI	6,962	7,581
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2026.

10.

Parent company

Port Europe SAS, a company registered in France is the ultimate parent company of the smallest group for which consolidated financials statements are drawn up of which the company is a member. The ultimate parents company's registered office is 22, rue de la federation, 75015 Paris.

11.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.