Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falseNo description of principal activity2023-03-01false55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11267165 2023-03-01 2024-02-29 11267165 2022-03-01 2023-02-28 11267165 2024-02-29 11267165 2023-02-28 11267165 c:Director1 2023-03-01 2024-02-29 11267165 d:Buildings 2023-03-01 2024-02-29 11267165 d:Buildings 2024-02-29 11267165 d:Buildings 2023-02-28 11267165 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11267165 d:FurnitureFittings 2023-03-01 2024-02-29 11267165 d:FurnitureFittings 2024-02-29 11267165 d:FurnitureFittings 2023-02-28 11267165 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11267165 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11267165 d:CurrentFinancialInstruments 2024-02-29 11267165 d:CurrentFinancialInstruments 2023-02-28 11267165 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11267165 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11267165 d:ShareCapital 2024-02-29 11267165 d:ShareCapital 2023-02-28 11267165 d:RetainedEarningsAccumulatedLosses 2024-02-29 11267165 d:RetainedEarningsAccumulatedLosses 2023-02-28 11267165 c:FRS102 2023-03-01 2024-02-29 11267165 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11267165 c:FullAccounts 2023-03-01 2024-02-29 11267165 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11267165 2 2023-03-01 2024-02-29 11267165 6 2023-03-01 2024-02-29 11267165 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 11267165









PHR TRADING LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
PHR TRADING LTD
REGISTERED NUMBER: 11267165

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
910,338
912,369

Current assets
  

Debtors: amounts falling due within one year
 5 
35,433
21,312

Current asset investments
  
900,000
809,298

Cash at bank and in hand
  
256,299
290,287

  
1,191,732
1,120,897

Creditors: amounts falling due within one year
 6 
(800,010)
(611,402)

Net current assets
  
 
 
391,722
 
 
509,495

Total assets less current liabilities
  
1,302,060
1,421,864

  

Net assets
  
1,302,060
1,421,864


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,302,059
1,421,863

  
1,302,060
1,421,864


Page 1

 
PHR TRADING LTD
REGISTERED NUMBER: 11267165

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




Mrs S M Robson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

PHR Trading Ltd is a private company, limited by shares, incorporated in England and Wales, registration number 11267165.  The registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.


Freehold property
-
2%
straight line
Fixtures and fittings
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Current asset investments

Current asset investments is represented by cash on deposit with a maturity date of less than one year, held for short-term investment purposes, valued at fair value.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables are initially measured at their transaction price after transaction costs.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
920,189
304
920,493



At 29 February 2024

920,189
304
920,493



Depreciation


At 1 March 2023
7,940
184
8,124


Charge for the year on owned assets
1,985
46
2,031



At 29 February 2024

9,925
230
10,155



Net book value



At 29 February 2024
910,264
74
910,338



At 28 February 2023
912,249
120
912,369


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
1,844

Other debtors
674
4,726

Prepayments and accrued income
34,759
14,742

35,433
21,312


Page 6

 
PHR TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Amounts owed to group undertakings
99
99

Corporation tax
37,317
24,143

Other creditors
747,360
573,023

Accruals and deferred income
15,234
14,137

800,010
611,402



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £443 (2023 - £Nil). Contributions totalling £107 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


8.


Transactions with directors

During the year personal expenses were paid on behalf of the directors totalling £122,719, these were repaid in full during the year to clear the loans as at 29 February 2024.


Page 7