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Company Registration No. 10511745 (England and Wales)
PHILZELSOL ESTATES LIMITED Unaudited accounts for the year ended 31 December 2024
PHILZELSOL ESTATES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PHILZELSOL ESTATES LIMITED Company Information for the year ended 31 December 2024
Director
Martin Zvi Oppenheimer
Company Number
10511745 (England and Wales)
Registered Office
54-56 KESWICK STREET GATESHEAD NE8 1TQ ENGLAND
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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PHILZELSOL ESTATES LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,832,952 
2,117,527 
Current assets
Debtors
5
955,524 
524,373 
Cash at bank and in hand
4,721 
10,214 
960,245 
534,587 
Creditors: amounts falling due within one year
6
(9,105)
(27,866)
Net current assets
951,140 
506,721 
Total assets less current liabilities
2,784,092 
2,624,248 
Creditors: amounts falling due after more than one year
7
(2,615,236)
(2,431,389)
Net assets
168,856 
192,859 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
168,855 
192,858 
Shareholders' funds
168,856 
192,859 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2025 and were signed on its behalf by
Martin Zvi Oppenheimer Director Company Registration No. 10511745
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PHILZELSOL ESTATES LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PHILZELSOL ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10511745. The registered office is 54-56 KESWICK STREET, GATESHEAD, NE8 1TQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
2,117,527 
Disposals
(284,575)
At 31 December 2024
1,832,952 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
954,894 
523,743 
Amounts falling due after more than one year
Other debtors
630 
630 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,325 
5,325 
Taxes and social security
317 
17,484 
Other creditors
3,463 
5,057 
9,105 
27,866 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,465,597 
1,474,895 
Other creditors
1,149,639 
956,494 
2,615,236 
2,431,389 
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PHILZELSOL ESTATES LIMITED Notes to the Accounts for the year ended 31 December 2024
8
Controlling party
The controlling party is M Z Oppenheimer.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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