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REGISTERED NUMBER: 11900808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PHIBAR PROPERTY LIMITED

PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHIBAR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P M Range
B E Donoghue





REGISTERED OFFICE: America House
Rumford Court
Rumford Place
Liverpool
L3 9DD





REGISTERED NUMBER: 11900808 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,152 12,480
Investment property 5 360,000 290,000
391,152 302,480

CURRENT ASSETS
Cash at bank and in hand 411 23,058

CREDITORS
Amounts falling due within one year 6 46,772 46,943
NET CURRENT LIABILITIES (46,361 ) (23,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,791

278,595

CREDITORS
Amounts falling due after more than one
year

7

(216,449

)

(228,022

)

PROVISIONS FOR LIABILITIES (17,500 ) -
NET ASSETS 110,842 50,573

PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 52,500 -
Retained earnings 58,242 50,473
110,842 50,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




P M Range - Director



B E Donoghue - Director


PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Phibar Property Limited 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Land is stated at historical cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023 12,480
Additions 18,672
At 31 March 2024 31,152
NET BOOK VALUE
At 31 March 2024 31,152
At 31 March 2023 12,480

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 290,000
Revaluations 70,000
At 31 March 2024 360,000
NET BOOK VALUE
At 31 March 2024 360,000
At 31 March 2023 290,000

Investment properties were valued using market data by the director on 31/03/2024.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,359 7,052
Taxation and social security 6,314 4,491
Other creditors 31,099 35,400
46,772 46,943

PHIBAR PROPERTY LIMITED (REGISTERED NUMBER: 11900808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 216,449 228,022

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 191,653 202,444

8. RESERVES
Fair
value
reserve
£   
Fair Value Reserve 52,500

At 31 March 2024 52,500