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Company Registration No. 13553231 (England and Wales)
Phelps Property Solutions Ltd Unaudited accounts for the year ended 31 December 2024
Phelps Property Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Phelps Property Solutions Ltd Company Information for the year ended 31 December 2024
Directors
R H Phelps S L Williams
Company Number
13553231 (England and Wales)
Registered Office
25 Gelli Goch Coity Bridgend CF35 6AW
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Phelps Property Solutions Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
221,219 
221,219 
Current assets
Cash at bank and in hand
11,826 
9,380 
Creditors: amounts falling due within one year
5
(65,259)
(65,460)
Net current liabilities
(53,433)
(56,080)
Total assets less current liabilities
167,786 
165,139 
Creditors: amounts falling due after more than one year
6
(160,212)
(160,225)
Net assets
7,574 
4,914 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
7,572 
4,912 
Shareholders' funds
7,574 
4,914 
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 directors acknowledge their 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 of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
R H Phelps Director Company Registration No. 13553231
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Phelps Property Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Phelps Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13553231. The registered office is 25 Gelli Goch, Coity, Bridgend, CF35 6AW .
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
221,219 
At 31 December 2024
221,219 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
624 
885 
Loans from directors
63,975 
63,975 
Accruals
660 
600 
65,259 
65,460 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
160,212 
160,225 
Aggregate of amounts that fall due for payment after five years
136,180 
136,587 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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