REGISTERED NUMBER: 04052775 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Portsea Action Group 99 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B G Tregarthen MBE

Mrs D J Edwards

SECRETARY:

Mrs D J Edwards

REGISTERED OFFICE:

Portsea Community Hub

137 Queen Street

Portsea

Portsmouth

Hampshire

PO1 3HY

REGISTERED NUMBER:

04052775 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

10,816

19,128

CURRENT ASSETS

Cash at bank and in hand

51,644

58,144

CREDITORS

Amounts falling due within one year

5

62,460

77,272

NET CURRENT LIABILITIES

(10,816

)

(19,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 4 September 2026 and were signed on its behalf by:

Mrs D J Edwards - Director

Mrs B G Tregarthen MBE - Director

1.	STATUTORY INFORMATION

Portsea Action Group 99 Limited is a private company, limited by guarantee , 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.

Turnover

Turnover represents the value of grants and donations received during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

20% on reducing balance

Computer equipment

-

20% on 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Short

Plant &

Fixtures

Computer

leasehold

machinery

& fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

36,348

2,018

16,516

3,274

58,156

DEPRECIATION

At 1 January 2025

21,809

2,016

12,086

3,117

39,028

Charge for year

7,269

-

886

157

8,312

At 31 December 2025

29,078

2,016

12,972

3,274

47,340

NET BOOK VALUE

At 31 December 2025

7,270

2

3,544

-

10,816

At 31 December 2024

14,539

2

4,430

157

19,128

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

62,460

77,272

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

-

1,667

Between one and five years

4,167

-

4,167

1,667

7.	ULTIMATE CONTROLLING PARTY

The company was under the control of the board of directors throughout the current and previous year.