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REGISTERED NUMBER: 14179988 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

PHASE H LIMITED

PHASE H LIMITED (REGISTERED NUMBER: 14179988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHASE H LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: A P Head
Mrs S E Head





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 14179988 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

PHASE H LIMITED (REGISTERED NUMBER: 14179988)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,696,420 1,895,636

CURRENT ASSETS
Investments 5 570,499 801,361
Cash at bank and in hand 641,704 294,107
1,212,203 1,095,468
CREDITORS
Amounts falling due within one year 6 9,429 1,677
NET CURRENT ASSETS 1,202,774 1,093,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,899,194

2,989,427

CAPITAL AND RESERVES
Called up share capital 7 115 115
Share premium 1,687,402 1,687,402
Retained earnings 1,211,677 1,301,910
SHAREHOLDERS' FUNDS 2,899,194 2,989,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

PHASE H LIMITED (REGISTERED NUMBER: 14179988)

BALANCE SHEET - continued
30TH JUNE 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 Board of Directors and authorised for issue on 4th February 2025 and were signed on its behalf by:





A P Head - Director


PHASE H LIMITED (REGISTERED NUMBER: 14179988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Phase H 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.

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.

Investments
Listed investments are stated at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment is sold.

Other investments are valued at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1st July 2023 199,696 1,695,940 1,895,636
Additions 295,212 - 295,212
Disposals (25,075 ) - (25,075 )
Revaluations 30,647 - 30,647
Impairments - (500,000 ) (500,000 )
At 30th June 2024 500,480 1,195,940 1,696,420
NET BOOK VALUE
At 30th June 2024 500,480 1,195,940 1,696,420
At 30th June 2023 199,696 1,695,940 1,895,636

PHASE H LIMITED (REGISTERED NUMBER: 14179988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30th June 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 30,647 (500,000 ) (469,353 )
Valuation in 2023 (354 ) - (354 )
Cost 470,187 1,695,940 2,166,127
500,480 1,195,940 1,696,420

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 570,499 801,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,989 237
Other creditors 1,440 1,440
9,429 1,677

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
5 Growth A Shares £1 5 5
5 Growth B Shares £1 5 5
5 Growth C Shares £1 5 5
115 115