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Registered number: 13019998
PHDFC SPV1 LIMITED
Financial Statements
For The Year Ended 30 November 2023
TOCKAN & CO
CHARTERED CERTIFIED ACCOUNTANTS
289 Brettenham Road
Edmonton
London
N18 2HF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13019998
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,054,645 1,593,676
3,054,645 1,593,676
CURRENT ASSETS
Debtors 5 - 100
Cash at bank and in hand - 376
- 476
Creditors: Amounts Falling Due Within One Year 6 (1,369,312 ) (954,834 )
NET CURRENT ASSETS (LIABILITIES) (1,369,312 ) (954,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,685,333 639,318
Creditors: Amounts Falling Due After More Than One Year 7 (2,054,927 ) (640,384 )
NET LIABILITIES (369,594 ) (1,066 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (369,694 ) (1,166 )
SHAREHOLDERS' FUNDS (369,594) (1,066)
Page 1
Page 2
For the year ending 30 November 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr TAIWO ALLI
Director
24/02/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PHDFC SPV1 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13019998 . The registered office is 166 DOWNS BARN BOULEVARD, DOWNS BARN, MILTON KEYNES, MK14 7QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 1,593,676
Additions 1,460,969
As at 30 November 2023 3,054,645
5. Debtors
2023 2022
£ £
Due within one year
Directors' loan accounts - 100
- 100
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 4 -
Other creditors - Investors' loans 1,184,282 783,639
Other creditors - SPV2 current account 183,077 170,445
Accruals and deferred income 1,950 750
1,369,312 954,834
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,054,927 640,384
2,054,927 640,384
Page 3
Page 4
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 4