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REGISTERED NUMBER: 08435234 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PHG CAPITAL LIMITED

PHG CAPITAL LIMITED (REGISTERED NUMBER: 08435234)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PHG CAPITAL LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M A Greenman
N Humphries
M J Pearcey





REGISTERED OFFICE: 19 Millwood
Lisvane
Cardiff
CF14 0TL





REGISTERED NUMBER: 08435234 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

PHG CAPITAL LIMITED (REGISTERED NUMBER: 08435234)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 298,000 546,028
298,001 546,029

CURRENT ASSETS
Debtors 7 40,884 10,537
Cash at bank 580 654
41,464 11,191
CREDITORS
Amounts falling due within one year 8 (36,901 ) (13,455 )
NET CURRENT ASSETS/(LIABILITIES) 4,563 (2,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,564

543,765

CREDITORS
Amounts falling due after more than one
year

9

(11,667

)

(63,319

)
NET ASSETS 290,897 480,446

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 290,894 480,443
SHAREHOLDERS' FUNDS 290,897 480,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 5 September 2024 and were signed on its behalf by:





M J Pearcey - Director


PHG CAPITAL LIMITED (REGISTERED NUMBER: 08435234)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

PHG Capital 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 year 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 year 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

PHG CAPITAL LIMITED (REGISTERED NUMBER: 08435234)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

PHG Residential Limited
Registered office: Fairway House, Links Business Park, St Mellons. Cardiff, CF3 0LT
Nature of business: Letting of own real estate
%
Class of shares: holding
One ordinary share 100.00
2024 2023
£    £   
Aggregate capital and reserves 10,739 (277 )
Profit/(loss) for the year 11,016 (278 )

The Company has a 100% shareholding in PHG Residential Limited.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 546,028
Disposals (248,028 )
At 31 March 2024 298,000
NET BOOK VALUE
At 31 March 2024 298,000
At 31 March 2023 546,028

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,441 8,498
Prepayments 2,443 2,039
40,884 10,537

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 24,000 -
Other creditors 1 1
Accrued expenses 2,900 3,454
36,901 13,455

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Directors' loan accounts - 41,652
11,667 63,319

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,667 31,667

PHG CAPITAL LIMITED (REGISTERED NUMBER: 08435234)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, the company is owned equally by the 3 directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PHG Capital Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PHG Capital Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PHG Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PHG Capital Limited and state those matters that we have agreed to state to the Board of Directors of PHG Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHG Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PHG Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PHG Capital Limited. You consider that PHG Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PHG Capital Limited. 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.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


10 September 2024