1 March 2021 false No description of principal activity Taxfiler 2022.8.3 06076984business:PrivateLimitedCompanyLtd2021-03-012022-02-28 060769842021-02-28 060769842021-03-012022-02-28 06076984business:AuditExempt-NoAccountantsReport2021-03-012022-02-28 06076984business:FullAccounts2021-03-012022-02-28 060769842022-02-28 06076984business:Director12021-03-012022-02-28 06076984business:Director22021-03-012022-02-28 06076984business:RegisteredOffice2021-03-012022-02-28 060769842021-02-28 06076984core:WithinOneYear2022-02-28 06076984core:WithinOneYear2021-02-28 06076984core:AfterOneYear2022-02-28 06076984core:AfterOneYear2021-02-28 06076984core:ShareCapital2022-02-28 06076984core:ShareCapital2021-02-28 06076984core:RetainedEarningsAccumulatedLosses2022-02-28 06076984core:RetainedEarningsAccumulatedLosses2021-02-28 06076984business:SmallEntities2021-03-012022-02-28 06076984countries:EnglandWales2021-03-012022-02-28 060769842020-03-012021-02-28 iso4217:GBP xbrli:pure
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
Page
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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
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PHULL HOMES LIMITED Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
286,775 
286,775 
Current assets
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)
Capital and reserves
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
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PHULL HOMES LIMITED Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover includes revenue earned from property rental and is recognised when receivable by the company from the tenant.
Investment property
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.
4
Investment property
2022 
£ 
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 
Accruals
299 
450 
128,824 
128,663 
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).
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