PHR Properties (Cheshire) Limited 12821433 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 12821433 2023-06-01 2024-05-31 12821433 2024-05-31 12821433 core:RetainedEarningsAccumulatedLosses 2024-05-31 12821433 core:ShareCapital 2024-05-31 12821433 core:CurrentFinancialInstruments 2024-05-31 12821433 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12821433 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 12821433 bus:SmallEntities 2023-06-01 2024-05-31 12821433 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12821433 bus:FilletedAccounts 2023-06-01 2024-05-31 12821433 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12821433 bus:RegisteredOffice 2023-06-01 2024-05-31 12821433 bus:Director1 2023-06-01 2024-05-31 12821433 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12821433 countries:EnglandWales 2023-06-01 2024-05-31 12821433 2023-05-31 12821433 2022-06-01 2023-05-31 12821433 2023-05-31 12821433 core:RetainedEarningsAccumulatedLosses 2023-05-31 12821433 core:ShareCapital 2023-05-31 12821433 core:CurrentFinancialInstruments 2023-05-31 12821433 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12821433 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12821433

PHR Properties (Cheshire) Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

PHR Properties (Cheshire) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

PHR Properties (Cheshire) Limited

(Registration number: 12821433)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,916,921

1,801,478

Current assets

 

Debtors

5

7,050

6,989

Cash at bank and in hand

 

56,615

24,437

 

63,665

31,426

Creditors: Amounts falling due within one year

6

(852,828)

(809,406)

Net current liabilities

 

(789,163)

(777,980)

Total assets less current liabilities

 

1,127,758

1,023,498

Creditors: Amounts falling due after more than one year

6

(908,045)

(908,045)

Net assets

 

219,713

115,453

Capital and reserves

 

Called up share capital

100

100

Retained earnings

219,613

115,353

Shareholders' funds

 

219,713

115,453

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

PHR Properties (Cheshire) Limited

(Registration number: 12821433)
Balance Sheet as at 31 May 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2025
 

.........................................
Mr D Skeffington
Director

 

PHR Properties (Cheshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

PHR Properties (Cheshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Investment properties

2024
£

At 1 June

1,801,478

Additions

115,443

At 31 May

1,916,921

The directors do not believe that it was commercially viable to revalue the properties at the balance sheet date and so the properties are currently held on the Balance Sheet at cost.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

180

Other debtors

 

7,050

6,809

   

7,050

6,989

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

700

188

Amounts owed to participating interests

807,592

776,814

Other creditors

 

44,536

32,404

 

852,828

809,406

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans

908,045

908,045

Loans include amounts of £908,045 (2023: £908,045) which are secured on the Investment properties held by the company.