ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 2184853

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	THE PORTMAN GROUP (A Company Limited by Guarantee)


THE PORTMAN GROUP (A Company Limited by Guarantee)

COMPANY INFORMATION

Directors	Julia Anne Massies Timothy James Clay
	Francesco Cruciani Richard Ingram Roger Alexander White (appointed 26 September 2025)
	Nicholas Graham Faraday Baird (appointed 1 February 2025)
	Barry O'Sullivan
	Andrew Alan Morris-Jinks Brian Perkins
	Roger Alexander White (appointed 26 September 2025)
	Gordon Johncox Boudewijn Nicolaas Haarsma
	Stephen Martin Young (appointed 30 April 2024)
	Simon Kerry
	Imogen Gardiner
	Paula Jordan
	Mark Sean Riley Martin Thatcher Patricia Sung (appointed 17 September 2025)


Registered number	2184853


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


THE PORTMAN GROUP (A Company Limited by Guarantee) REGISTERED NUMBER:2184853

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,039		3,179
			1,039		3,179
Current assets
Debtors: amounts falling due within one year	5	214,452		424,256
Cash at bank and in hand		267,044		172,853
		481,496		597,109
Creditors: amounts falling due within one year	6	(209,876)		(404,170)
Net current assets			271,620		192,939
Total assets less current liabilities			272,659		196,118

Net assets			272,659		196,118

Capital and reserves
Profit and loss account	272,659	196,118
	272,659	196,118

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Nicholas Graham Faraday Baird

Director

Date: 13 November 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


THE PORTMAN GROUP (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The Portman Group is a private company limited by guarantee, incorporated in England & Wales.
The address of the registered office and company registration is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises of membership fees.
Membership fees represent the invoiced value of membership charges billed to the members of The Portman Group. These fees are recognised in full in the profit and loss account during the period which they relate to.

2.3

Going concern

The directors have not identified any material uncertainty that would result in any issues with the business continuing as a going concern. The directors have prepared cash flow forecasts and detailed budgets in relation to going concern and in any reasonable scenario feel that the company has sufficient cash to meet its debts as they fall due.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Pensions

Defined contribution pension plan

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2


THE PORTMAN GROUP (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	Over 10 years
Fixtures and fittings	-	33% straight line
Computer equipment	-	33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 7 (2024 -7).

Page 3


THE PORTMAN GROUP (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Improvement to property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	53,750	41,362	43,448	138,560
At 31 March 2025	53,750	41,362	43,448	138,560
Depreciation
At 1 April 2024	53,750	41,362	40,269	135,381
Charge for the year on owned assets	-	-	2,140	2,140
At 31 March 2025	53,750	41,362	42,409	137,521
Net book value
At 31 March 2025	-	-	1,039	1,039
At 31 March 2024	-	-	3,179	3,179

Debtors

					2025	2024
					£	£


Trade debtors	108,605	303,877
Other debtors	14,763	17,563
Prepayments	91,084	102,816
	214,452	424,256

Page 4


THE PORTMAN GROUP (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	15,272	64,901
Corporation tax	1,112	1,030
Other taxation and social security	55,090	108,200
Other creditors	10,369	9,959
Accruals and deferred income	128,033	220,080
	209,876	404,170

Not later than 1 year	75,048	75,048
Later than 1 year and not later than 5 years	5,011	15,269
	80,059	90,317

8.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 14 November 2025 by Nimita Chan FCCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 5