Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-052025-04-05No description of principal activity2024-04-06false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09747831 2024-04-06 2025-04-05 09747831 2023-01-01 2024-04-05 09747831 2025-04-05 09747831 2024-04-05 09747831 c:Director1 2024-04-06 2025-04-05 09747831 d:OfficeEquipment 2024-04-06 2025-04-05 09747831 d:OfficeEquipment 2025-04-05 09747831 d:OfficeEquipment 2024-04-05 09747831 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 09747831 d:ComputerEquipment 2024-04-06 2025-04-05 09747831 d:ComputerEquipment 2025-04-05 09747831 d:ComputerEquipment 2024-04-05 09747831 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 09747831 d:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 09747831 d:CurrentFinancialInstruments 2025-04-05 09747831 d:CurrentFinancialInstruments 2024-04-05 09747831 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-05 09747831 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 09747831 d:ShareCapital 2025-04-05 09747831 d:ShareCapital 2024-04-05 09747831 d:RetainedEarningsAccumulatedLosses 2025-04-05 09747831 d:RetainedEarningsAccumulatedLosses 2024-04-05 09747831 c:FRS102 2024-04-06 2025-04-05 09747831 c:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 09747831 c:FullAccounts 2024-04-06 2025-04-05 09747831 c:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 09747831 2 2024-04-06 2025-04-05 09747831 6 2024-04-06 2025-04-05 09747831 e:PoundSterling 2024-04-06 2025-04-05 iso4217:GBP xbrli:pure

Registered number: 09747831









PHL ADVISORY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2025

 
PHL ADVISORY LIMITED
REGISTERED NUMBER: 09747831

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,684
3,313

Investments
 5 
-
59,260

  
2,684
62,573

Current assets
  

Debtors: amounts falling due within one year
 6 
7,653
140,298

Cash at bank and in hand
  
414,275
276,474

  
421,928
416,772

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,373)
(4,333)

Net current assets
  
 
 
418,555
 
 
412,439

Total assets less current liabilities
  
421,239
475,012

  

Net assets
  
421,239
475,012


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
421,238
475,011

  
421,239
475,012


Page 1

 
PHL ADVISORY LIMITED
REGISTERED NUMBER: 09747831
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 June 2025.



P Legler
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PHL ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

1.


General information

PHL Advisory Limited is a private company limited by shares and registered in England & Wales. The registered office is Flat A, 29 Avery Row, London, W1K 4BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP, rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is derived from professional financial advisory services and is recognised in the period in which the services are provided based on the stage of completion at the period end.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PHL ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
PHL ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

 
2.9

Debtors

Short term debtors are measured at transaction price.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short term creditors are measured at the transaction price. 

 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 5

 
PHL ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 6 April 2024
1,760
8,701
10,461


Additions
-
1,399
1,399


Disposals
-
(1,399)
(1,399)



At 5 April 2025

1,760
8,701
10,461



Depreciation


At 6 April 2024
1,714
5,434
7,148


Charge for the year on owned assets
12
1,020
1,032


Disposals
-
(403)
(403)



At 5 April 2025

1,726
6,051
7,777



Net book value



At 5 April 2025
34
2,650
2,684



At 5 April 2024
46
3,267
3,313


5.


Fixed asset investments





Unlisted investments

£





At 6 April 2024
59,260


Disposals
(59,260)



At 5 April 2025
-




Page 6

 
PHL ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

6.


Debtors

2025
2024
£
£


Other debtors
72
94,628

Prepayments and accrued income
7,029
45,216

Tax recoverable
552
454

7,653
140,298



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
1,933
1,933

Accruals
1,440
2,400

3,373
4,333


 
Page 7