Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01truefalseOwnership and leasing of own properties11falsefalse 11962454 2022-11-01 2023-10-31 11962454 2021-11-01 2022-10-31 11962454 2023-10-31 11962454 2022-10-31 11962454 c:Director1 2022-11-01 2023-10-31 11962454 d:FreeholdInvestmentProperty 2023-10-31 11962454 d:FreeholdInvestmentProperty 2022-10-31 11962454 d:CurrentFinancialInstruments 2023-10-31 11962454 d:CurrentFinancialInstruments 2022-10-31 11962454 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11962454 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11962454 d:ShareCapital 2023-10-31 11962454 d:ShareCapital 2022-10-31 11962454 d:RetainedEarningsAccumulatedLosses 2023-10-31 11962454 d:RetainedEarningsAccumulatedLosses 2022-10-31 11962454 c:FRS102 2022-11-01 2023-10-31 11962454 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11962454 c:FullAccounts 2022-11-01 2023-10-31 11962454 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11962454 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11962454










PHI PHI LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PHI PHI LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PHI PHI LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Phi Phi Ltd for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Phi Phi Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Phi Phi Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phi Phi Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Phi Phi Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Phi Phi Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Phi Phi Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

30 July 2024
Page 1

 
PHI PHI LTD
REGISTERED NUMBER: 11962454

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
295,541
295,541

  
295,541
295,541

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Cash at bank and in hand
 6 
78,370
47,394

  
78,371
47,395

Creditors: amounts falling due within one year
 7 
(294,947)
(294,100)

Net current liabilities
  
 
 
(216,576)
 
 
(246,705)

Total assets less current liabilities
  
78,965
48,836

  

Net assets
  
78,965
48,836


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
78,964
48,835

  
78,965
48,836


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.






Page 2

 
PHI PHI LTD
REGISTERED NUMBER: 11962454

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

Dr Nabil Choudhury
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
PHI PHI LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Phi Phi 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PHI PHI LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
1
1


4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
295,541



At 31 October 2023
295,541

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 October 2023





5.


Debtors

2023
2022
£
£


Other debtors
1
1
Page 5

 
PHI PHI LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.Debtors (continued)


1
1



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
78,370
47,394

78,370
47,394



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
75,000
-

Corporation tax
7,067
6,940

Other creditors
211,440
285,000

Accruals and deferred income
1,440
2,160

294,947
294,100



8.


Related party transactions

At the balance sheet date the company owed NCIA Holdings Ltd £210,000 (2022:£210,000) and £75,000 (2022: £75,000) to JZC Ltd, companies in which the director Dr Nabil Choudhury has a controlling interest.
The amount of £285,000 (2022: £285,000) is included in other creditors due within one year.


9.


Controlling party

Dr Nabil Choudhury is the ultimate controlling party.


Page 6