Registered number
11651256
Pharaoh Holdings Limited
Filleted Accounts
31 October 2023
Pharaoh Holdings Limited
Registered number: 11651256
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 182,265 58,195
Investments 4 13,820 13,820
196,085 72,015
Current assets
Cash at bank and in hand 2,483 851
Creditors: amounts falling due within one year 5 (423) (567)
Net current assets 2,060 284
Total assets less current liabilities 198,145 72,299
Creditors: amounts falling due after more than one year 6 (199,042) (71,316)
Net (liabilities)/assets (897) 983
Capital and reserves
Called up share capital 100 100
Profit and loss account (997) 883
Shareholder's funds (897) 983
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Joshua William Pharaoh
Director
Approved by the board on 30 July 2024
Pharaoh Holdings Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property Not depreciated
Plant and Machinery 20%, straight-line basis
Investment Property is shown at valuations which are carried out by the director. Where there is a deficit on the valuation this will be recognised through the profit and loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Property Plant and machinery etc Total
£ £ £
Cost or valuation
At 1 November 2022 58,195 - 58,195
Additions 123,084 1,232 124,316
At 31 October 2023 181,279 1,232 182,511
Depreciation
Charge for the year - 246 246
At 31 October 2023 - 246 246
Net book value
At 31 October 2023 181,279 986 182,265
At 31 October 2022 58,195 - 58,195
4 Investments
Other
investments
£
Cost
At 1 November 2022 13,820
At 31 October 2023 13,820
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3 -
Trade creditors 420 360
Taxation and social security costs - 207
423 567
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 131,251 41,230
Other creditors 67,791 30,086
199,042 71,316
Other creditors represents amounts advanced to the company by the director. These loan are interest free, and repayable after more than one year.
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 131,251 41,230
8 Other information
Pharaoh Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Elder Lane
Kirkham
Preston
PR4 3FX
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