Portland Estates Management Ltd 31/05/2026 iXBRL

Company registration number: 12561946

Portland Estates Management Ltd

Unaudited filleted abridged financial statements

31 May 2026

Portland Estates Management Ltd

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Portland Estates Management Ltd

Directors and other information


	Directors	Mr Paul James Tully
		Mrs Barbara Blenkinsop
		Mr Richard Mark Robertson
		Mr Oliver Mark Lawson


	Company number	12561946


	Registered office	Varsity House, 2 Falcon Court
		Preston Farm Industrial Estate
		Stockton-on-Tees
		TS18 3TS


	Business address	Varsity House, 2 Falcon Court
		Preston Farm Industrial Estate
		Stockton-on-Tees
		TS18 3TS


	Accountants	TR Dixon & Co Ltd
		Chartered Certified Accountants
		Statutory Auditors
		Bermuda House
		1A Dinsdale Place
		Newcastle upon Tyne
		NE2 1BD




	Bankers	Lloyds Bank plc

Portland Estates Management Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Portland Estates Management Ltd

Year ended 31 May 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portland Estates Management Ltd for the year ended 31 May 2026 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements.

This report is made solely to the board of directors of Portland Estates Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Portland Estates Management Ltd and state those matters that we have agreed to state to the board of directors of Portland Estates Management Ltd as a body, in this report in accordance with the Association of Chartered Certified Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portland Estates Management Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Portland Estates Management Ltd 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 profit of Portland Estates Management Ltd. You consider that Portland Estates Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Portland Estates Management Ltd. 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.

TR Dixon & Co Ltd

Chartered Certified Accountants

Statutory Auditors

Bermuda House

1A Dinsdale Place

Newcastle upon Tyne

NE2 1BD

21 October 2026

Portland Estates Management Ltd

Abridged statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	14,941		11,334
Investments	6	187,500		187,500
		_______		_______
			202,441		198,834

Current assets
Stocks		-		3,225
Debtors		89,140		57,532
Cash at bank and in hand		106,926		108,770
		_______		_______
		196,066		169,527
Creditors: amounts falling due
within one year		( 139,287)		( 241,879)
		_______		_______
Net current assets/(liabilities)			56,779		( 72,352)
			_______		_______
Total assets less current liabilities			259,220		126,482

			_______		_______
Net assets			259,220		126,482
			_______		_______

Capital and reserves
Called up share capital	7		200		200
Profit and loss account			259,020		126,282
			_______		_______
Shareholders funds			259,220		126,482
			_______		_______

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 May 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

Mrs Barbara Blenkinsop

Director

Company registration number: 12561946

Portland Estates Management Ltd

Statement of changes in equity

Year ended 31 May 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2024	100	71,507	71,607

Profit for the year		54,775	54,775
	_______	_______	_______
Total comprehensive income for the year	-	54,775	54,775

Issue of shares	100		100
	_______	_______	_______
Total investments by and distributions to owners	100	-	100

	_______	_______	_______
At 31 May 2025 and 1 June 2025	200	126,625	126,825

Profit for the year		132,395	132,395
	_______	_______	_______
Total comprehensive income for the year	-	132,395	132,395

	_______	_______	_______
At 31 May 2026	200	259,020	259,220
	_______	_______	_______

Portland Estates Management Ltd

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Varsity House, 2 Falcon Court, Preston Farm Industrial Estate, Stockton-on- Tees, TS18 3TS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	33 %	straight line
Fittings fixtures and equipment	-	15 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2025: 8 ).

5. Tangible assets


		£
	Cost
	At 1 June 2025	15,393
	Additions	5,497
		_______
	At 31 May 2026	20,890
		_______
	Depreciation
	At 1 June 2025	4,059
	Charge for the year	1,890
		_______
	At 31 May 2026	5,949
		_______
	Carrying amount
	At 31 May 2026	14,941
		_______
	At 31 May 2025	11,334
		_______

6. Investments


		£
	Cost
	At 1 June 2025	-
	Additions	187,500
		_______
	At 31 May 2026	187,500
		_______
	Impairment
	At 1 June 2025 and 31 May 2026	-
		_______
	Carrying amount
	At 31 May 2026	187,500
		_______
	At 31 May 2025	-
		_______

7. Called up share capital

Issued and called up

	2026		2025
	No	£	No	£
A Ordinary shares of £ 1.00 each	62	62	62	62
B Ordinary shares of £ 1.00 each	63	63	63	63
C Ordinary shares of £ 1.00 each	50	50	50	50
D Ordinary shares of £ 1.00 each	20	20	20	20
E Ordinary shares of £ 1.00 each	5	5	5	5
	_______	_______	_______	_______
	200	200	200	200
	_______	_______	_______	_______

Issued and partly paid

	2026		2025
	No	£	No	£
A Ordinary shares of £ 1.00 each - £ - paid	62	-	62	-
B Ordinary shares of £ 1.00 each - £ - paid	63	-	63	-
C Ordinary shares of £ 1.00 each - £ - paid	50	-	50	-
D Ordinary shares of £ 1.00 each - £ - paid	20	-	20	-
E Ordinary shares of £ 1.00 each - £ - paid	5	-	5	-
	_______	_______	_______	_______
	200	-	200	-
	_______	_______	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs Barbara Blenkinsop	50	-	50
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs Barbara Blenkinsop	10	40	50
		_______	_______	_______

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2026	2025
	£	£
Robertson Simpson Group Limited - Management charges	41,350	32,662
Robertson Simpson Limited - Management charges	17,118	19,498
Dodds Brown LLP - Management charges	16,009	-
186 Property Solutions (South) Ltd - Services to recharge	35,597	-
	_______	_______