Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01No description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11267165 2022-03-01 2023-02-28 11267165 2021-03-01 2022-02-28 11267165 2023-02-28 11267165 2022-02-28 11267165 c:Director1 2022-03-01 2023-02-28 11267165 d:Buildings 2022-03-01 2023-02-28 11267165 d:Buildings 2023-02-28 11267165 d:Buildings 2022-02-28 11267165 d:Buildings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11267165 d:FurnitureFittings 2022-03-01 2023-02-28 11267165 d:FurnitureFittings 2023-02-28 11267165 d:FurnitureFittings 2022-02-28 11267165 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11267165 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11267165 d:CurrentFinancialInstruments 2023-02-28 11267165 d:CurrentFinancialInstruments 2022-02-28 11267165 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11267165 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11267165 d:ShareCapital 2023-02-28 11267165 d:ShareCapital 2022-02-28 11267165 d:RetainedEarningsAccumulatedLosses 2023-02-28 11267165 d:RetainedEarningsAccumulatedLosses 2022-02-28 11267165 c:FRS102 2022-03-01 2023-02-28 11267165 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11267165 c:FullAccounts 2022-03-01 2023-02-28 11267165 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11267165 2 2022-03-01 2023-02-28 11267165 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 11267165









PHR TRADING LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PHR TRADING LTD
REGISTERED NUMBER: 11267165

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
912,369
914,400

Current assets
  

Debtors: amounts falling due within one year
 5 
21,312
25,769

Current asset investments
  
809,298
-

Cash at bank and in hand
  
290,287
1,078,310

  
1,120,897
1,104,079

Creditors: amounts falling due within one year
 6 
(611,402)
(459,511)

Net current assets
  
 
 
509,495
 
 
644,568

Total assets less current liabilities
  
1,421,864
1,558,968

  

Net assets
  
1,421,864
1,558,968


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,421,863
1,558,967

  
1,421,864
1,558,968


Page 1

 
PHR TRADING LTD
REGISTERED NUMBER: 11267165

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 21 November 2023.




Mrs S M Robson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

PHR Trading Ltd is a private company, limited by shares, incorporated in England and Wales, registration number 11267165.  The registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.


Freehold property
-
2%
straight line
Fixtures and fittings
-
15%
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.

Page 3

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Current asset investments

Current asset investments is represented by cash on deposit with a maturity date of less than one year, held for short-term investment purposes, valued at fair value.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables are initially measured at their transaction price after transaction costs.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2022
920,189
304
920,493



At 28 February 2023

920,189
304
920,493



Depreciation


At 1 March 2022
5,955
138
6,093


Charge for the year on owned assets
1,985
46
2,031



At 28 February 2023

7,940
184
8,124



Net book value



At 28 February 2023
912,249
120
912,369



At 28 February 2022
914,234
166
914,400


5.


Debtors

2023
2022
£
£


Trade debtors
1,844
5,129

Other debtors
4,726
7,623

Prepayments and accrued income
14,742
13,017

21,312
25,769



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
896

Amounts owed to group undertakings
99
99

Corporation tax
24,143
20,910

Other creditors
573,023
423,531

Accruals and deferred income
14,137
14,075

611,402
459,511


Page 5

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Transactions with directors

At 1 March 2022 the directors current accounts totalled £2,904, during the year personal expenses were paid on behalf of the directors totalling £161,004, they made repayments totalling £163,908 to clear the loans as at 28 February 2023.


Page 6