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REGISTERED NUMBER: 10117811 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

PHONETAB LTD

PHONETAB LTD (REGISTERED NUMBER: 10117811)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHONETAB LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr D M Davidian





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10117811 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

PHONETAB LTD (REGISTERED NUMBER: 10117811)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 944,903 944,903

CURRENT ASSETS
Debtors 5 12,110 8,357
Cash at bank 4,847 2,651
16,957 11,008
CREDITORS
Amounts falling due within one year 6 788,440 783,340
NET CURRENT LIABILITIES (771,483 ) (772,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,420

172,571

CREDITORS
Amounts falling due after more than one year 7 204,769 213,552
NET LIABILITIES (31,349 ) (40,981 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (31,449 ) (41,081 )
SHAREHOLDERS' FUNDS (31,349 ) (40,981 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PHONETAB LTD (REGISTERED NUMBER: 10117811)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Mr D M Davidian - Director


PHONETAB LTD (REGISTERED NUMBER: 10117811)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Phonetab Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 944,903
NET BOOK VALUE
At 30 April 2024 944,903
At 30 April 2023 944,903

PHONETAB LTD (REGISTERED NUMBER: 10117811)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - (214 )
Amounts owed by group undertakings 10,377 8,403
VAT 1,733 168
12,110 8,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 708,929 708,929
Trade creditors 599 -
Amounts owed to group undertakings 24,636 27,751
Other Creditors 1 1
Directors' current accounts 52,126 42,448
Accruals and deferred income 2,149 4,211
788,440 783,340

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other loan 190,000 190,000
Other loan 14,769 23,552
204,769 213,552

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 708,929 708,929

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 708,929 708,929

Amounts falling due within one year of £708,929 is secured by floating charge against the investment property held by the company

PHONETAB LTD (REGISTERED NUMBER: 10117811)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
70 A Ordinary £1 70 70
20 B Ordinary £1 20 20
10 C Ordinary £1 10 10
100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £4,883 (2023: £4,365) by Cellular Ltd, £4,128 (2023: £3,438) by D D D D D Ltd, £717 (2023: £600) by 1DD Ltd, £649 (2023: Nil) by 2DD Ltd and owed £24,636 (2023: £27,751) to D D D D Ltd. The companies are related parties by virtue of the fact that they are under common control.

At the balance sheet date, the company owed the director £52,126 (2023: £42,448). The amount is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D M Davidian.