PHD PROPERTY LIMITED

Company Registration Number:
10009095 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PHD PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PHD PROPERTY LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 16,796 966
Total fixed assets: 16,796 966
Current assets
Stocks:   1,079,709
Debtors:   912,060 4,162
Cash at bank and in hand: 7,192 10,401
Total current assets: 919,252 1,094,272
Creditors: amounts falling due within one year:   (495,420) (736,708)
Net current assets (liabilities): 423,832 357,564
Total assets less current liabilities: 440,628 358,530
Creditors: amounts falling due after more than one year:   (30,092) (35,648)
Total net assets (liabilities): 410,536 322,882
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 410,236 322,582
Shareholders funds: 410,536 322,882

The notes form part of these financial statements

PHD PROPERTY LIMITED

Balance sheet statements

For the year ending 31 March 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 April 2024
and signed on behalf of the board by:

Name: A York
Status: Director

The notes form part of these financial statements

PHD PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PHD PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

PHD PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,933
Additions 21,750
At 31 March 2024 23,683
Depreciation
At 01 April 2023 967
Charge for year 5,920
At 31 March 2024 6,887
Net book value
At 31 March 2024 16,796
At 31 March 2023 966

PHD PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Loans to directors

Name of director receiving advance or credit: I K Sudds
Description of the loan: A loan to the company to assist with property developments
£
Balance at 01 April 2023 321,270
Advances or credits repaid: 176,789
Balance at 31 March 2024 144,481
Name of director receiving advance or credit: D Sudds
Description of the loan: A loan to the company to assist with property developments
£
Balance at 01 April 2023 108,822
Advances or credits made: 8,000
Balance at 31 March 2024 116,822
Name of director receiving advance or credit: A York
Description of the loan: A loan to the company to assist with property developments
£
Balance at 01 April 2023 208,850
Advances or credits repaid: 16,000
Balance at 31 March 2024 192,850