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REGISTERED NUMBER: 08770719 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Philip Dean Inns Limited

Philip Dean Inns Limited (Registered number: 08770719)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Philip Dean Inns Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: C P Grandison
S D Samuels
Mrs C Samuels
C D Samuels





REGISTERED OFFICE: Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL





REGISTERED NUMBER: 08770719 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Philip Dean Inns Limited (Registered number: 08770719)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,606 22,454

CURRENT ASSETS
Stocks 5 8,739 11,023
Debtors 6 16,810 15,613
Cash at bank 37,820 39,625
63,369 66,261
CREDITORS
Amounts falling due within one year 7 137,856 137,189
NET CURRENT LIABILITIES (74,487 ) (70,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,881

)

(48,474

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (56,981 ) (48,574 )
SHAREHOLDERS' FUNDS (56,881 ) (48,474 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Philip Dean Inns Limited (Registered number: 08770719)

Balance Sheet - continued
30 November 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





C D Samuels - Director


Philip Dean Inns Limited (Registered number: 08770719)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Philip Dean Inns Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% 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 Statement of Income and Retained Earnings, 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.


Philip Dean Inns Limited (Registered number: 08770719)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 20,225 7,837 65,188 93,250
DEPRECIATION
At 1 December 2023 16,021 6,947 47,828 70,796
Charge for year 2,022 222 2,604 4,848
At 30 November 2024 18,043 7,169 50,432 75,644
NET BOOK VALUE
At 30 November 2024 2,182 668 14,756 17,606
At 30 November 2023 4,204 890 17,360 22,454

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 8,739 11,023

Philip Dean Inns Limited (Registered number: 08770719)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 680 680
Deferred tax asset 15,158 14,188
Prepayments 972 745
16,810 15,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 15,715 1,483
Trade creditors 5,859 18,212
Tax 1 1
Social security and other taxes 125 73
VAT 7,506 4,724
Other creditors 98,792 103,851
Accrued expenses 9,858 8,845
137,856 137,189

Loans from directors are provided interest free and are repayable on demand.

The other creditor is a loan from Mr S Samuels, a shareholder of the company.

8. DEFERRED TAX
£   
Balance at 1 December 2023 (14,188 )
Accelerated capital allowances (970 )
Loss relief
Balance at 30 November 2024 (15,158 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary shares £1.00 100 100

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.