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REGISTERED NUMBER: 14578853 (England and Wales)















Unaudited Financial Statements

for the Period 9 January 2023 to 31 January 2024

for

Phillips (Boliger) Limited

Phillips (Boliger) Limited (Registered number: 14578853)






Contents of the Financial Statements
for the Period 9 January 2023 to 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Phillips (Boliger) Limited (Registered number: 14578853)

Balance Sheet
31 January 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 34,004
Investment property 5 551,359
585,363

CURRENT ASSETS
Cash at bank 1,515

CREDITORS
Amounts falling due within one year 6 813
NET CURRENT ASSETS 702
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,065

CREDITORS
Amounts falling due after more than
one year

7

(576,278

)

PROVISIONS FOR LIABILITIES 8 (6,461 )
NET ASSETS 3,326

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 3,226
SHAREHOLDERS' FUNDS 3,326

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

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

Phillips (Boliger) Limited (Registered number: 14578853)

Balance Sheet - continued
31 January 2024


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 26 September 2024 and were signed on its behalf by:





S M Phillips - Director


Phillips (Boliger) Limited (Registered number: 14578853)

Notes to the Financial Statements
for the Period 9 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Phillips (Boliger) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14578853

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on 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 period 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.


Phillips (Boliger) Limited (Registered number: 14578853)

Notes to the Financial Statements - continued
for the Period 9 January 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 36,099
At 31 January 2024 36,099
DEPRECIATION
Charge for period 2,095
At 31 January 2024 2,095
NET BOOK VALUE
At 31 January 2024 34,004

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 551,359
At 31 January 2024 551,359
NET BOOK VALUE
At 31 January 2024 551,359

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 551,359

Phillips (Boliger) Limited (Registered number: 14578853)

Notes to the Financial Statements - continued
for the Period 9 January 2023 to 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 1
Directors' current accounts 212
Accrued expenses 600
813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Inter-company Loan 576,278

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Inter-company Loan 576,278

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 6,461

Deferred
tax
£   
Provided during period 6,461
Balance at 31 January 2024 6,461

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
60 Ordinary A £1 60
40 Ordinary B £1 40
100

The following shares were issued during the period for cash at par :

60 Ordinary A shares of £1
40 Ordinary B shares of £1

Phillips (Boliger) Limited (Registered number: 14578853)

Notes to the Financial Statements - continued
for the Period 9 January 2023 to 31 January 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 January 2024:

£   
S M Phillips and Mrs A Phillips
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid (312 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (212 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is S M Phillips.