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REGISTERED NUMBER: 03477157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Philippa Weitz Training Limited

Philippa Weitz Training Limited (Registered number: 03477157)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Philippa Weitz Training Limited

Company Information
for the Year Ended 31 October 2024







Director: P M Weitz





Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB





Registered number: 03477157 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Philippa Weitz Training Limited (Registered number: 03477157)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 - 2,247

Current assets
Debtors 5 6,286 7,394

Creditors: amounts falling due within
one year

6

11,957

11,410
Net current liabilities (5,671 ) (4,016 )
Total assets less current liabilities (5,671 ) (1,769 )

Creditors: amounts falling due after
more than one year

7

11,458

12,757
Net liabilities (17,129 ) (14,526 )

Capital and reserves
Called up share capital 9 2 2
Retained earnings (17,131 ) (14,528 )
Shareholders' funds (17,129 ) (14,526 )

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

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

The director acknowledges her 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.

Philippa Weitz Training Limited (Registered number: 03477157)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





P M Weitz - Director


Philippa Weitz Training Limited (Registered number: 03477157)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

Philippa Weitz Training 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.

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Computer equipment - 33% straight line

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Philippa Weitz Training Limited (Registered number: 03477157)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Employees and directors

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

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 November 2023 5,444
Disposals (5,444 )
At 31 October 2024 -
Depreciation
At 1 November 2023 3,197
Charge for year 1,315
Eliminated on disposal (4,512 )
At 31 October 2024 -
Net book value
At 31 October 2024 -
At 31 October 2023 2,247

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 85 2,165
Other debtors 6,201 5,229
6,286 7,394

Philippa Weitz Training Limited (Registered number: 03477157)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,933 7,616
Trade creditors 429 1,454
Other creditors 1,595 2,340
11,957 11,410

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,458 12,757

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 9,933 7,616

Bank overdrafts are guaranteed by the director.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. Director's advances, credits and guarantees

During the year advances of £7,459 (2023: £4,937) were made to a director, with repayments of £5,829 (2023: £7,476). Within debtors is an amount outstanding of £6,201 (2023: £4,571). The loan was made on an interest free and repayable on demand basis.