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Company Registration No. 10709590 (England and Wales)
PHULL EMPIRE LTD Unaudited accounts for the year ended 31 March 2024
PHULL EMPIRE LTD Unaudited accounts Contents
Page
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PHULL EMPIRE LTD Company Information for the year ended 31 March 2024
Directors
Baldev Singh Phull Ishtmeet Singh Phull Taranjit Singh Phull
Company Number
10709590 (England and Wales)
Registered Office
391 Hanworth Road Hounslow TW4 5LF
Accountants
Kingsman Advisory Ltd 58 BOURNE AVENUE HAYES UB31QW
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PHULL EMPIRE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,625,101 
Investment property
3,740,135 
- 
3,740,135 
3,625,101 
Current assets
Debtors
168,819 
266,373 
Cash at bank and in hand
6,448 
5,280 
175,267 
271,653 
Creditors: amounts falling due within one year
(3,156,552)
(2,989,759)
Net current liabilities
(2,981,285)
(2,718,106)
Total assets less current liabilities
758,850 
906,995 
Creditors: amounts falling due after more than one year
(866,599)
(871,509)
Net (liabilities)/assets
(107,749)
35,486 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(107,849)
35,386 
Shareholders' funds
(107,749)
35,486 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by
Ishtmeet Singh Phull Director Company Registration No. 10709590
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PHULL EMPIRE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PHULL EMPIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 10709590. The registered office is 391 Hanworth Road, Hounslow, TW4 5LF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,625,101 
Transfer to investment property
(3,625,101)
At 31 March 2024
- 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
- 
At 31 March 2023
3,625,101 
5
Investment property
2024 
£ 
Additions
115,034 
Transfers from tangible fixed assets
3,625,101 
At 31 March 2024
3,740,135 
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PHULL EMPIRE LTD Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
41,726 
Other debtors
168,819 
224,647 
168,819 
266,373 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,041,321 
980,000 
Taxes and social security
3,253 
3,253 
Loans from directors
2,111,978 
2,006,506 
3,156,552 
2,989,759 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
866,599 
871,509 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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