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Company registration number: 05388691
Philip Price Surveyors Limited
Unaudited filleted financial statements
for the year ended
31 March 2025
Philip Price Surveyors Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Philip Price Surveyors Limited
Directors and other information
Directors Mr P J Price
Mrs R E Bestwick
Secretary Mrs R E Bestwick
Company number 05388691
Registered office Unit 6, Creative Court
Clovelly Road Industrial Estate
Bideford
Devon
EX39 3HN
Accountants Giffords LLP
Office 8, The Barns, Farm Road
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Philip Price Surveyors Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Philip Price Surveyors Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Philip Price Surveyors Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Philip Price Surveyors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Philip Price Surveyors Limited and state those matters that we have agreed to state to the board of directors of Philip Price Surveyors Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Price Surveyors Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Philip Price Surveyors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Philip Price Surveyors Limited. You consider that Philip Price Surveyors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Philip Price Surveyors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8, The Barns, Farm Road
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
10 June 2025
Philip Price Surveyors Limited
Statement of financial position
31 March 2025
2025 2024
£ £ £ £
Fixed assets 31,937 73,849
________ ________
Current assets 73,040 103,273
Prepayments and accrued income 6,001 232
________ ________
79,041 103,505
Creditors: amounts falling due within one year ( 88,081) ( 93,702)
________ ________
Net current (liabilities)/assets ( 9,040) 9,803
________ ________
Total assets less current liabilities 22,897 83,652
Creditors: amounts falling due after more than one year ( 13,693) ( 47,792)
Accruals and deferred income ( 2,891) ( 2,567)
________ ________
Net assets 6,313 33,293
________ ________
Capital and reserves 6,313 33,293
________ ________
Notes to the financial statements
Philip Price Surveyors Limited
Year ended 31 March 2025
1. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr P J Price 9,810 43,877 ( 43,720) 9,967
________ ________ ________ ________
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr P J Price - 9,810 - 9,810
________ ________ ________ ________
During the year Mr P J Price had an interest-free loan with the company. The balance of this loan did not exceed £10,000 and was repaid in full on 6 April 2025.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
Mr P J Price Mrs R E Bestwick
Director Director
Company registration number: 05388691
The company is a private company limited by shares, registered in England & Wales.