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Registered number: 12125269

PH1 Property Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


PH1 Property Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Roland J B Duce
Alexander J C Duce
Colin Andrew Gray
REGISTERED OFFICE
11a Ironmonger Street
Stamford
Lincolnshire
PE9 9PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12125269

PH1 Property Developments Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

PH1 Property Developments Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,668,9102,668,910
CURRENT ASSETS
Stock70,54984,150
Debtors6310,301327,913
Cash at bank and in hand8,29216,163
389,142428,226
CREDITORS: Amounts falling due within one year71,232,0451,268,577
NET CURRENT LIABILITIES(842,903)(840,351)
TOTAL ASSETS LESS CURRENT LIABILITIES1,826,0071,828,559
CREDITORS: Amounts falling due after more than one year81,931,4801,931,480
PROVISIONS FOR LIABILITIES AND CHARGES9194,315194,315
NET LIABILITIES(299,788)(297,236)
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account(299,789)(297,237)
SHAREHOLDERS' FUNDS(299,788)(297,236)
For the year ending 30/06/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

PH1 Property Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

PH1 Property Developments Limited

3. TANGIBLE FIXED ASSETS
Cost
At 30/06/2023
Depreciation
At 30/06/2023
Net Book Amounts
At 30/06/2023
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/20222,668,9102,668,910
At 30/06/20232,668,9102,668,910
5. STOCK 20232022
££
Stock comprises:
Work in progress70,54984,150
70,54984,150
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-9,073
VAT1,88211,839
Other debtors307,001307,001
Prepayments1,418-
310,301327,913

PH1 Property Developments Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors65,073103,447
Accruals5,47921,984
Amounts due to group companies1,161,4931,143,146
1,232,0451,268,577
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr1,931,4801,931,480
1,931,4801,931,480
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation194,315194,315
194,315194,315
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11