Company registration number NI670723 (Northern Ireland)
PHILIAM PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PHILIAM PROPERTIES LTD
COMPANY INFORMATION
Director
Philip Smyth
Company number
NI670723
Registered office
151 Carnamuff Road
Limavady
Derry
Northern Ireland
BT49 9JG
Accountants
PFS & Partners
16 Main Street
Limavady
BT49 0EU
Bankers
Bank of Ireland
15 Strand Road
Londonderry
BT48 7BT
PHILIAM PROPERTIES LTD
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
PHILIAM PROPERTIES LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PHILIAM PROPERTIES LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Philiam Properties Ltd for the year ended 31 March 2024, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Philiam Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 20 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Philiam Properties Ltd and state those matters that we have agreed to state to the board of directors of Philiam Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philiam Properties Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Philiam Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Philiam Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Philiam Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PFS & Partners
Chartered Certified Accountants
16 Main Street
Limavady
BT49 0EU
4 February 2025
PHILIAM PROPERTIES LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
£
£
£
£
Fixed assets
998,000
998,000
Current assets
37,949
39,841
Creditors: amounts falling due within one year
(222,377)
(226,343)
Net current liabilities
(184,428)
(186,502)
Total assets less current liabilities
813,572
811,498
Creditors: amounts falling due after more than one year
(814,839)
(814,839)
Net liabilities
(1,267)
(3,341)
Capital and reserves
(1,267)
(3,341)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
-
0
-
0

Philiam Properties Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 151 Carnamuff Road, Limavady, Derry, Northern Ireland, BT49 9JG.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

PHILIAM PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 4 February 2025 and are signed on its behalf by:
Philip Smyth
Director
Company registration number NI670723 (Northern Ireland)
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