Company registration number 11621317 (England and Wales)
PHAD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PHAD LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PHAD LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,000
1,000
Current assets
Debtors
4
262
4,150
Cash at bank and in hand
29,709
50,945
29,971
55,095
Creditors: amounts falling due within one year
5
(19,971)
(19,095)
Net current assets
10,000
36,000
Net assets
11,000
37,000
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
10,000
36,000
Total equity
11,000
37,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Paul Oakes
Director
Company registration number 11621317 (England and Wales)
PHAD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Phad Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 51 Woodville Road, Harborne, Birmingham, UK, B17 9AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Phad Ltd owns 100% shareholding in Hardwood Business Services Limited and 1% shareholding in Phad Property Ltd.

 

Investments in subsidiaries are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,000
1,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
262
4,150
PHAD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
19,876
19,000
Other creditors
95
95
19,971
19,095
6
Ultimate Controlling Party

The company is jointly controlled by Paul Oakes and Delshad Oakes.

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