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GUY PHILLIPS LIMITED

Registered Number
08422972
(England and Wales)

Unaudited Financial Statements for the Year ended
27 August 2024

GUY PHILLIPS LIMITED
Company Information
for the year from 28 August 2023 to 27 August 2024

Directors

ASHLEY PHILLIPS, Nick
BARBER, Kathryn Jane
PHILLIPS, Guy Morgan Nicholas

Registered Address

324 Olympic House 28-42 Clements Road
Ilford
IG1 1BA

Registered Number

08422972 (England and Wales)
GUY PHILLIPS LIMITED
Balance Sheet as at
27 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property31,523,0371,000,000
1,523,0371,000,000
Current assets
Debtors-15,469
Cash at bank and on hand-13,882
-29,351
Creditors amounts falling due within one year4(4,626)(5,941)
Net current assets (liabilities)(4,626)23,410
Total assets less current liabilities1,518,4111,023,410
Creditors amounts falling due after one year5(1,188,219)(716,144)
Net assets330,192307,266
Capital and reserves
Called up share capital100100
Revaluation reserve354,619354,619
Profit and loss account(24,527)(47,453)
Shareholders' funds330,192307,266
The financial statements were approved and authorised for issue by the Board of Directors on 18 August 2025, and are signed on its behalf by:
PHILLIPS, Guy Morgan Nicholas
Director
Registered Company No. 08422972
GUY PHILLIPS LIMITED
Notes to the Financial Statements
for the year ended 27 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year11
3.Investment property
The valuations of investment properties were made on an open market basis by the directors who are chartered surveyors. The directors believe that this value would not be materially different from the valuation at the year end.

£
Fair value at 28 August 231,000,000
Additions523,037
At 27 August 241,523,037
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts4,626-
Taxation and social security-5,941
Total4,6265,941
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts455,000485,000
Amounts owed to related parties482,965-
Other creditors250,254231,144
Total1,188,219716,144
6.Related party transactions
The company owed £250,254 (2023: £231,144) to APL Investments Limited at the year-end, a company in which N. A. Phillips and K. J. Barber are directors. The balance represents funding provided to the company. At the year end date, Company owed £482,965 to Guy Morgan Nicholas Phillips.