Portact Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04990050

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		105,014		280,019

			105,014		280,019
CURRENT ASSETS
Cash at bank and in hand		64,709		6,315

		64,709		6,315
Creditors: Amounts Falling Due Within One Year	5	(102,060 )		(194,287 )

NET CURRENT ASSETS (LIABILITIES)			(37,351 )		(187,972 )

TOTAL ASSETS LESS CURRENT LIABILITIES			67,663		92,047

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3 )		(3 )

NET ASSETS			67,660		92,044

CAPITAL AND RESERVES
Called up share capital	6		60,000		60,000
Fair value reserve	7		(615 )		(25,678 )
Profit and Loss Account			8,275		57,722

SHAREHOLDERS' FUNDS			67,660		92,044

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Portact Limited

Balance Sheet (continued)

As At 31 December 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B Larkman

Director

18th September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Portact Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04990050 . The registered office is Unit 9a Reeds Farm Estate, Roxwell Road, Writtle, Chelmsford, Essex, CM1 3ST.

The principal place of business is Ladywell House, Ladywell Lane, Sandon, CM2 7AE.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property rental income in the ordinary course of the company’s activities. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Portact Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	280,000	7,741	287,741
Additions	7,161	-	7,161
Disposals	(175,000 )	-	(175,000 )
Revaluation	(7,161 )	-	(7,161 )

As at 31 December 2025	105,000	7,741	112,741

Depreciation
As at 1 January 2025	-	7,722	7,722
Provided during the period	-	5	5

As at 31 December 2025	-	7,727	7,727

Net Book Value
As at 31 December 2025	105,000	14	105,014

As at 1 January 2025	280,000	19	280,019

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	240
Other creditors	102,060	194,047

	102,060	194,287

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	60,000	60,000

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Portact Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 January 2025	(25,678 )	57,722
Loss for the year and total comprehensive income	-	(49,447 )

Movements in fair value reserve	(7,161)	-
Transfer to/from Profit & Loss Account	32,224	-

As at 31 December 2025	(615 )	8,275

8. Related Party Transactions

Mr B Larkman

Director and shareholder

Mr B Larkman has provided an interest free loan to the company of £101,043 (2024: £192,780).

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr B Larkman.

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