IRIS Accounts Production v24.1.0.578 01113355 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011133552023-03-31011133552024-03-31011133552023-04-012024-03-31011133552022-05-31011133552022-06-012023-03-31011133552023-03-3101113355ns15:EnglandWales2023-04-012024-03-3101113355ns14:PoundSterling2023-04-012024-03-3101113355ns10:Director12023-04-012024-03-3101113355ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101113355ns10:SmallEntities2023-04-012024-03-3101113355ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3101113355ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101113355ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101113355ns10:FullAccounts2023-04-012024-03-3101113355ns10:CompanySecretary12023-04-012024-03-3101113355ns10:RegisteredOffice2023-04-012024-03-3101113355ns5:CurrentFinancialInstruments2024-03-3101113355ns5:CurrentFinancialInstruments2023-03-3101113355ns5:Non-currentFinancialInstruments2024-03-3101113355ns5:Non-currentFinancialInstruments2023-03-3101113355ns5:ShareCapital2024-03-3101113355ns5:ShareCapital2023-03-3101113355ns5:RetainedEarningsAccumulatedLosses2024-03-3101113355ns5:RetainedEarningsAccumulatedLosses2023-03-3101113355ns5:PlantMachinery2023-04-012024-03-3101113355ns5:PlantMachinery2023-03-3101113355ns5:PlantMachinery2024-03-31
REGISTERED NUMBER: 01113355 (England and Wales)










REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PHILIP ORMSTON & PARTNERS LIMITED

PHILIP ORMSTON & PARTNERS LIMITED (REGISTERED NUMBER: 01113355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4

Report of the Accountants 6

PHILIP ORMSTON & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P A Ormston





SECRETARY: Mrs P A Ormston





REGISTERED OFFICE: 7 Clovelly Road
London
N8 7RL





REGISTERED NUMBER: 01113355 (England and Wales)





ACCOUNTANTS: LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US

PHILIP ORMSTON & PARTNERS LIMITED (REGISTERED NUMBER: 01113355)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of public relations consultancy.

DIRECTOR
P A Ormston held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P A Ormston - Director


24 November 2024

PHILIP ORMSTON & PARTNERS LIMITED (REGISTERED NUMBER: 01113355)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 63,846 63,846
63,846 63,846

CURRENT ASSETS
Cash at bank and in hand 183 167

CREDITORS
Amounts falling due within one year 6 348 659
NET CURRENT LIABILITIES (165 ) (492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,681

63,354

CREDITORS
Amounts falling due after more than one
year

7

(106,548

)

(106,029

)

PROVISIONS FOR LIABILITIES (5,668 ) (5,668 )
NET LIABILITIES (48,535 ) (48,343 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (48,635 ) (48,443 )
SHAREHOLDERS' FUNDS (48,535 ) (48,343 )

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 director acknowledges his 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 director and authorised for issue on 24 November 2024 and were signed by:





P A Ormston - Director


PHILIP ORMSTON & PARTNERS LIMITED (REGISTERED NUMBER: 01113355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Philip Ormston & Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.

Investment properties are initially recognised at cost which includes purchase price and attributable expenses. Investment properties whose fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit and loss accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

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

PHILIP ORMSTON & PARTNERS LIMITED (REGISTERED NUMBER: 01113355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,693
DEPRECIATION
At 1 April 2023
and 31 March 2024 3,693
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 63,846
NET BOOK VALUE
At 31 March 2024 63,846
At 31 March 2023 63,846

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 80,017
Valuation in 2023 (64,440 )
Cost 48,269
63,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 348 659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 106,548 106,029

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £106,029 owed to the director (2023: £105,533).

PHILIP ORMSTON & PARTNERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
PHILIP ORMSTON & PARTNERS LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US


26 November 2024