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REGISTERED NUMBER: 14179781 (England and Wales)











Unaudited Financial Statements

for the Period 17 June 2022 to 30 June 2023

for

S & R Philips Ltd

S & R Philips Ltd (Registered number: 14179781)






Contents of the Financial Statements
for the Period 17 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & R Philips Ltd

Company Information
for the Period 17 June 2022 to 30 June 2023







DIRECTORS: Mr Sameer Philips
Mrs Randa Philips





REGISTERED OFFICE: Asm House
103a Keymer Road
Hassocks
United Kingdom
BN6 8QL





REGISTERED NUMBER: 14179781 (England and Wales)

S & R Philips Ltd (Registered number: 14179781)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Investment property 4 7,383,147

CURRENT ASSETS
Cash at bank 58,475

CREDITORS
Amounts falling due within one year 5 193,858
NET CURRENT LIABILITIES (135,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,247,764

CREDITORS
Amounts falling due after more than one year 6 4,905,565
NET ASSETS 2,342,199

CAPITAL AND RESERVES
Called up share capital 100
Share premium 2,395,732
Retained earnings (53,633 )
SHAREHOLDERS' FUNDS 2,342,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & R Philips Ltd (Registered number: 14179781)

Balance Sheet - continued
30 June 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr Sameer Philips - Director


S & R Philips Ltd (Registered number: 14179781)

Notes to the Financial Statements
for the Period 17 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

S & R Philips Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

S & R Philips Ltd (Registered number: 14179781)

Notes to the Financial Statements - continued
for the Period 17 June 2022 to 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 7,383,147
At 30 June 2023 7,383,147
NET BOOK VALUE
At 30 June 2023 7,383,147

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 193,858

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 4,905,565

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 4,905,565