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PHILIPPA LONDON LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024






PHILIPPA LONDON LTD. (REGISTERED NUMBER: 09830624)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHILIPPA LONDON LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: G J P Chawner





REGISTERED OFFICE: 14 Mundania Road
Southwark
London
SE22 0NG





REGISTERED NUMBER: 09830624 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

PHILIPPA LONDON LTD. (REGISTERED NUMBER: 09830624)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,488 1,187

CURRENT ASSETS
Stocks 29,597 25,067
Debtors 6 12,870 4,013
Cash at bank 10,168 4,877
52,635 33,957
CREDITORS
Amounts falling due within one year 7 74,930 56,639
NET CURRENT LIABILITIES (22,295 ) (22,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,807

)

(21,495

)

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (19,817 ) (21,505 )
SHAREHOLDERS' FUNDS (19,807 ) (21,495 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st May 2025 and were signed by:





G J P Chawner - Director


PHILIPPA LONDON LTD. (REGISTERED NUMBER: 09830624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Philippa London Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

PHILIPPA LONDON LTD. (REGISTERED NUMBER: 09830624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures Computer
& Equipment equipment Totals
£    £    £   
COST
At 1st November 2023 3,375 1,128 4,503
Additions 1,029 1,102 2,131
At 31st October 2024 4,404 2,230 6,634
DEPRECIATION
At 1st November 2023 2,664 652 3,316
Charge for year 435 395 830
At 31st October 2024 3,099 1,047 4,146
NET BOOK VALUE
At 31st October 2024 1,305 1,183 2,488
At 31st October 2023 711 476 1,187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Deferred tax asset 3,186 4,013
Prepayments 9,684 -
12,870 4,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 77 103
Trade creditors 444 -
Social security and other taxes 3 -
VAT 2,807 -
Other creditors 1,897 2,397
Directors' current accounts 68,981 53,641
Accrued expenses 721 498
74,930 56,639