Company Registration No. 06076984 (England and Wales)
PHULL HOMES LIMITED
Unaudited accounts
for the year ended 28 February 2022
PHULL HOMES LIMITED
Unaudited accounts
Contents
PHULL HOMES LIMITED
Company Information
for the year ended 28 February 2022
Directors
Bhawandip Phull
Saroj Phull
Company Number
06076984 (England and Wales)
Registered Office
3 ANVIL TERRACE
BEXLEY PARK
DARTFORD
KENT
DA2 7WR
Accountants
Richard McIntosh
5 South Charlotte Street
Edinburgh
EH2 4AN
PHULL HOMES LIMITED
Statement of financial position
as at 28 February 2022
Investment property
286,775
286,775
Cash at bank and in hand
6,764
3,369
Creditors: amounts falling due within one year
(128,824)
(128,663)
Net current liabilities
(122,060)
(125,294)
Total assets less current liabilities
164,715
161,481
Creditors: amounts falling due after more than one year
(174,275)
(173,750)
Net liabilities
(9,560)
(12,269)
Called up share capital
1,000
1,000
Profit and loss account
(10,560)
(13,269)
Shareholders' funds
(9,560)
(12,269)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2022 and were signed on its behalf by
Bhawandip Phull
Director
Company Registration No. 06076984
PHULL HOMES LIMITED
Notes to the Accounts
for the year ended 28 February 2022
PHULL HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06076984. The registered office is 3 ANVIL TERRACE, BEXLEY PARK, DARTFORD, KENT, DA2 7WR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover includes revenue earned from property rental and is recognised when receivable by the company from the tenant.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 March 2021
286,775
At 28 February 2022
286,775
5
Creditors: amounts falling due within one year
2022
2021
Loans from directors
128,525
128,213
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
174,275
173,750
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).