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REGISTERED NUMBER: 04515497 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PHILLIMORE FAMILY PARTNERSHIP LIMITED

PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PHILLIMORE FAMILY PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S J Phillimore
Mr M V Phillimore





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04515497 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 127,018 120,500
127,018 120,500

CURRENT ASSETS
Inventories 6 4,500 4,000
Debtors 7 22,717 16,419
Cash at bank and in hand 29,962 43,092
57,179 63,511
CREDITORS
Amounts falling due within one year 8 75,787 85,942
NET CURRENT LIABILITIES (18,608 ) (22,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,410

98,069

CREDITORS
Amounts falling due after more than one
year

9

-

(5,710

)

PROVISIONS FOR LIABILITIES 10 (15,455 ) (13,428 )
NET ASSETS 92,955 78,931

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 92,855 78,831
SHAREHOLDERS' FUNDS 92,955 78,931

PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 24 April 2025 and were signed on its behalf by:





Mr M V Phillimore - Director


PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Phillimore Family Partnership 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 the Pound Sterling (£).


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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 50 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

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


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 102,000
Amortisation
At 1 October 2023
and 30 September 2024 102,000
Net book value
At 30 September 2024 -
At 30 September 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 October 2023 79,510 121,230 3,480
Additions - 24,800 -
At 30 September 2024 79,510 146,030 3,480
Depreciation
At 1 October 2023 12,722 69,220 3,480
Charge for year 1,590 16,199 -
At 30 September 2024 14,312 85,419 3,480
Net book value
At 30 September 2024 65,198 60,611 -
At 30 September 2023 66,788 52,010 -

PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

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


5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 October 2023 26,823 14,331 245,374
Additions - - 24,800
At 30 September 2024 26,823 14,331 270,174
Depreciation
At 1 October 2023 25,361 14,091 124,874
Charge for year 365 128 18,282
At 30 September 2024 25,726 14,219 143,156
Net book value
At 30 September 2024 1,097 112 127,018
At 30 September 2023 1,462 240 120,500

6. INVENTORIES
30.9.24 30.9.23
£    £   
Stocks 4,500 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 12,549 8,199
Other debtors 10,168 8,220
22,717 16,419

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 63 3,860
Trade creditors 5,847 14,085
Taxation and social security 27,471 32,711
Other creditors 42,406 35,286
75,787 85,942

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 5,710

PHILLIMORE FAMILY PARTNERSHIP LIMITED (REGISTERED NUMBER: 04515497)

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


10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 15,455 13,428

Deferred
tax
£   
Balance at 1 October 2023 13,428
Utilised during year 2,027
Balance at 30 September 2024 15,455

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100