Company No: 08008485 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	28,764		35,081
		28,764		35,081
Current assets
Stocks	4	6,982		13,127
Debtors	5	106,615		74,622
Cash at bank and in hand		75,217		93,894
		188,814		181,643
Creditors: amounts falling due within one year	6	( 81,035)		( 76,181)
Net current assets		107,779		105,462
Total assets less current liabilities		136,543		140,543
Creditors: amounts falling due after more than one year	7	0		( 849)
Provision for liabilities		( 7,355)		( 8,770)
Net assets		129,188		130,924
Capital and reserves
Called-up share capital	8	20,000		40,000
Profit and loss account		109,188		90,924
Total shareholder's funds		129,188		130,924

For the financial year ending 31 March 2026 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of H/T Portland Limited (registered number: 08008485) were approved and authorised for issue by the Director on 03 September 2026. They were signed on its behalf by:

Mr S W Vincent Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H/T Portland Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

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

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		7

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2025	91,593		7,090		5,148		103,831
Disposals	( 4,002)		0		0		( 4,002)
At 31 March 2026	87,591		7,090		5,148		99,829
Accumulated depreciation
At 01 April 2025	64,569		3,102		1,079		68,750
Charge for the financial year	4,054		997		610		5,661
Disposals	( 3,346)		0		0		( 3,346)
At 31 March 2026	65,277		4,099		1,689		71,065
Net book value
At 31 March 2026	22,314		2,991		3,459		28,764
At 31 March 2025	27,024		3,988		4,069		35,081

4. Stocks

	2026		2025
	£		£
Stocks	760		940
Work in progress	6,222		12,187
	6,982		13,127

5. Debtors

	2026		2025
	£		£
Trade debtors	106,374		74,028
Other debtors	241		594
	106,615		74,622

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	1,000		4,151
Trade creditors	12,985		19,722
Taxation and social security	61,807		47,811
Other creditors	5,243		4,497
	81,035		76,181

The bounceback loan is secured by way of government backing.

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		849

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
20,000 Ordinary B shares of £ 1.00 each	20,000		20,000
Nil Ordinary A shares (2025: 20,000 shares of £ 1.00 each)	0		20,000
	20,000		40,000

9. Related party transactions

Transactions with the entity's director

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2025 the balance owed from one of the directors was £Nil. During the year, the company made advances of £30,899 and received repayments of £30,899, leaving a balance due from one of the directors of £Nil.

At 1 April 2024 the balance owed from one of the directors was £122. During the year, the company made advances of £13,934 and received repayments of £14,056, leaving a balance due from one of the directors of £Nil.

At 1 April 2025 the balance owed from one of the directors was £Nil. During the year, the company made advances of £22,406 and received repayments of £22,406, leaving a balance due from one of the directors of £Nil.

At 1 April 2024 the balance owed from one of the directors was £Nil. During the year, the company made advances of £8,705 and received repayments of £8,705, leaving a balance due from one of the directors of £Nil.