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REGISTERED NUMBER: SC086246 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

I. PHILP (HOLDINGS) LIMITED

I. PHILP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC086246)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


I. PHILP (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I Philp
I A Philp
Ms W L Crozier



REGISTERED OFFICE: 213 St Vincent Street
Glasgow
G2 5QY



REGISTERED NUMBER: SC086246 (Scotland)



ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY



BANKERS: The Royal Bank of Scotland
Commercial Banking - Glasgow
2nd Floor, Kirkstane House
139 St Vincent Street
Glasgow
G2 5JF



SOLICITORS: Wright, Johnston & Mackenzie LLP
302 St Vincent Street
Glasgow
G2 5RZ

I. PHILP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC086246)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 71,106 71,106

CREDITORS
Amounts falling due within one year 5 63,645 63,645
NET CURRENT LIABILITIES (63,645 ) (63,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,461

7,461

CAPITAL AND RESERVES
Called up share capital 6,064 6,064
Retained earnings 1,397 1,397
SHAREHOLDERS' FUNDS 7,461 7,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 9 May 2024 and were signed on its behalf by:





Ms W L Crozier - Director


I. PHILP (HOLDINGS) LIMITED (REGISTERED NUMBER: SC086246)

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


1. STATUTORY INFORMATION

I. Philp (Holdings) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Investments
Investments are included at cost less any provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 71,106
NET BOOK VALUE
At 31 December 2023 71,106
At 31 December 2022 71,106

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 63,629 63,629
Other creditors 16 16
63,645 63,645

Amounts owed to group undertakings are unsecured, interest free, and have no fixed date of repayment.