PHINITY DEVELOPERS LTD

Company Registration Number:
14976950 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 03 July 2023

End date: 31 December 2024

PHINITY DEVELOPERS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PHINITY DEVELOPERS LTD

Balance sheet

As at 31 December 2024


Notes

18 months to 31 December 2024


£
Fixed assets
Intangible assets: 3 8,520
Tangible assets: 4 46,176,540
Investments: 5 1,000
Total fixed assets: 46,186,060
Current assets
Stocks: 19,086,597
Debtors:   6,238,329
Cash at bank and in hand: 16,342,775
Total current assets: 41,667,701
Creditors: amounts falling due within one year:   (1,439,875)
Net current assets (liabilities): 40,227,826
Total assets less current liabilities: 86,413,886
Total net assets (liabilities): 86,413,886
Capital and reserves
Called up share capital: 71,000,000
Other reserves: 15,500,000
Profit and loss account: (86,114)
Shareholders funds: 86,413,886

The notes form part of these financial statements

PHINITY DEVELOPERS LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 June 2025
and signed on behalf of the board by:

Name: Mrs Natasha Poonawalla
Status: Director

The notes form part of these financial statements

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

18 months to 31 December 2024
Average number of employees during the period 0

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
Additions 9,467
At 31 December 2024 9,467
Amortisation
Charge for year 947
At 31 December 2024 947
Net book value
At 31 December 2024 8,520

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
Additions 46,176,540
At 31 December 2024 46,176,540
Net book value
At 31 December 2024 46,176,540

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

This relates to a 10% holding in Phinity Creative Investech Ltd, a company incorporated in England & Wales.

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Loans to directors

Name of director receiving advance or credit: Mrs Natasha Poonawalla
Description of the loan: Loan by director to the company
£
Advances or credits made: 1,400,000
Balance at 31 December 2024 1,400,000

PHINITY DEVELOPERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Other Reserves of £15,500,000 relate to shareholder contribution pending share allotment.