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REGISTERED NUMBER: 14500390 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

PHGM Ltd

PHGM Ltd (Registered number: 14500390)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHGM Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr E R J Craigie
Mr R J Moore





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 14500390 (England and Wales)

PHGM Ltd (Registered number: 14500390)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,117,000 1,117,000

CURRENT ASSETS
Debtors 6 4,464 8,004
Cash at bank 7,313 15,015
11,777 23,019
CREDITORS
Amounts falling due within one year 7 98,485 161,647
NET CURRENT LIABILITIES (86,708 ) (138,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,292

978,372

CREDITORS
Amounts falling due after more than one year 8 (880,681 ) (876,725 )

PROVISIONS FOR LIABILITIES (29,210 ) (28,163 )
NET ASSETS 120,401 73,484

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 176,164 177,211
Retained earnings (55,863 ) (103,827 )
120,401 73,484

PHGM Ltd (Registered number: 14500390)

Balance Sheet - continued
30 November 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 March 2025 and were signed on its behalf by:





Mr E R J Craigie - Director


PHGM Ltd (Registered number: 14500390)

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


1. STATUTORY INFORMATION

PHGM 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation the financial statements
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.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Debt instruments are subsequently measured at amortised cost.

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.


PHGM Ltd (Registered number: 14500390)

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


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,117,000
NET BOOK VALUE
At 30 November 2024 1,117,000
At 30 November 2023 1,117,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2023 205,374
Cost 911,626
1,117,000

The investment properties were valued on an open market basis on 30 November 2024 by the directors of the company.

The directors have revised the valuation of the investment properties included within the financial statements to an estimated market value as at the date of the report in order to provide a true and fair view.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,464 8,004

PHGM Ltd (Registered number: 14500390)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 98,485 161,647

Included within other creditors disclosed above is a balance of £394 (2023 - £636) in relation to directors' loan accounts, a balance of £20,657 (2023- £706) in relation to accruals, and a balance of £77,434 (2023- £160,305) in relation to shareholder loan.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 880,681 876,725

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 880,681 876,725