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Company Registration No. 10511745 (England and Wales)
PHILZELSOL ESTATES LIMITED Unaudited accounts for the year ended 31 December 2023
PHILZELSOL ESTATES LIMITED Unaudited accounts Contents
Page
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PHILZELSOL ESTATES LIMITED Company Information for the year ended 31 December 2023
Director
Martin Zvi Oppenheimer
Company Number
10511745 (England and Wales)
Registered Office
54-56 KESWICK STREET GATESHEAD NE8 1TQ ENGLAND
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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PHILZELSOL ESTATES LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,117,527 
1,812,842 
Current assets
Debtors
524,373 
504,357 
Cash at bank and in hand
10,214 
53,779 
534,587 
558,136 
Creditors: amounts falling due within one year
(27,866)
(51,074)
Net current assets
506,721 
507,062 
Total assets less current liabilities
2,624,248 
2,319,904 
Creditors: amounts falling due after more than one year
(2,431,389)
(2,129,610)
Net assets
192,859 
190,294 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
192,858 
190,293 
Shareholders' funds
192,859 
190,294 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2024 and were signed on its behalf by
Martin Zvi Oppenheimer Director Company Registration No. 10511745
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PHILZELSOL ESTATES LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
PHILZELSOL ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10511745. The registered office is 54-56 KESWICK STREET, GATESHEAD, NE8 1TQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
1,812,842 
Additions
304,685 
At 31 December 2023
2,117,527 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
523,743 
504,357 
Amounts falling due after more than one year
Other debtors
630 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,325 
5,325 
Taxes and social security
17,484 
45,249 
Other creditors
5,057 
- 
Accruals
- 
500 
27,866 
51,074 
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PHILZELSOL ESTATES LIMITED Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,474,895 
1,483,667 
Other creditors
956,494 
645,943 
2,431,389 
2,129,610 
8
Controlling party
The controlling party is M Z Oppenheimer.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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