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Registered Number: 11871092
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 March 2023

for

PHILHARMONIC HOTEL APARTMENTS LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 202,638    220,064 
202,638    220,064 
Current assets      
Debtors 4 337,279   
Cash at bank and in hand 7,896    7,677 
345,175    7,677 
Creditors: amount falling due within one year 5 (498,977)   (219,494)
Net current liabilities (153,802)   (211,817)
 
Total assets less current liabilities 48,836    8,247 
Creditors: amount falling due after more than one year 6 (46,272)   (50,000)
Provisions for liabilities 7 (3,311)   (6,662)
Net liabilities (747)   (48,415)
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account (847)   (48,515)
Shareholder's funds (747)   (48,415)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Brian Ungi
Director
1
General Information
Philharmonic Hotel Apartments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11871092, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 April 2022 185,000    31,876    216,876 
Additions   3,330    3,330 
Disposals    
At 31 March 2023 185,000    35,206    220,206 
Depreciation
At 01 April 2022   11,688    11,688 
Charge for year   5,880    5,880 
On disposals    
At 31 March 2023   17,568    17,568 
Net book values
Closing balance as at 31 March 2023 185,000    17,638    202,638 
Opening balance as at 01 April 2022 185,000    35,064    220,064 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 337,279   
337,279   

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 1,200    600 
Other Creditors 391,862   
Directors' Current Accounts 105,915    218,894 
498,977    219,494 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 46,272    50,000 
46,272    50,000 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,311    6,662 
3,311    6,662 

8.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2