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
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
PHILZELSOL ESTATES LIMITED
Statement of financial position
as at 31 December 2023
Investment property
2,117,527
1,812,842
Cash at bank and in hand
10,214
53,779
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
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
PHILZELSOL ESTATES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 January 2023
1,812,842
At 31 December 2023
2,117,527
Amounts falling due within one year
Other debtors
523,743
504,357
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,325
5,325
Taxes and social security
17,484
45,249
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
The controlling party is M Z Oppenheimer.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).