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REGISTERED NUMBER: 03494156 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PHILIUS LIMITED

PHILIUS LIMITED (REGISTERED NUMBER: 03494156)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PHILIUS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: Mr P D Cotton
Mrs L Cotton





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 03494156 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PHILIUS LIMITED (REGISTERED NUMBER: 03494156)

ABRIDGED BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 63,000 103,450

CURRENT ASSETS
Cash at bank 659,409 741,757

CREDITORS
Amounts falling due within one year 540,633 625,382
NET CURRENT ASSETS 118,776 116,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,776

219,825

PROVISIONS FOR LIABILITIES 6,200 16,312
NET ASSETS 175,576 203,513

CAPITAL AND RESERVES
Called up share capital 100,100 100,100
Fair value reserve 18,602 48,940
Retained earnings 56,874 54,473
SHAREHOLDERS' FUNDS 175,576 203,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PHILIUS LIMITED (REGISTERED NUMBER: 03494156)

ABRIDGED BALANCE SHEET - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2024 and were signed on its behalf by:





Mr P D Cotton - Director


PHILIUS LIMITED (REGISTERED NUMBER: 03494156)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Philius Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Fixed asset investments
Fixed asset investments are shown at market value with any movement in value taken to the profit and loss account.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 August 2022 103,450
Revaluations (40,450 )
At 31 July 2023 63,000
NET BOOK VALUE
At 31 July 2023 63,000
At 31 July 2022 103,450


PHILIUS LIMITED (REGISTERED NUMBER: 03494156)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr P D Cotton and Mrs L Cotton
Balance outstanding at start of year - 52,321
Amounts repaid - (52,321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company owed £4,928 (2022: £67,428) to the directors.