REGISTERED NUMBER: 05421531 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PHILLIP HOLDEN (RURAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Holden

REGISTERED OFFICE:

Phillip Holdens Property

Harmire Enterprise Park

Barnard Castle

Co. Durham

DL12 8XT

REGISTERED NUMBER:

05421531 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

229,151

233,537

CURRENT ASSETS

Stocks

326,857

275,733

Debtors

5

192,477

174,871

Cash at bank and in hand

4,089

3,613

523,423

454,217

CREDITORS

Amounts falling due within one year

6

478,365

383,846

NET CURRENT ASSETS

45,058

70,371

TOTAL ASSETS LESS CURRENT LIABILITIES

274,209

303,908

CREDITORS

Amounts falling due after more than one year

7

(269,522

)

(294,522

)

PROVISIONS FOR LIABILITIES

(493

)

(893

)

NET ASSETS

4,194

8,493

CAPITAL AND RESERVES

Called up share capital

36

36

Retained earnings

4,158

8,457

4,194

8,493

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

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

The director acknowledges his 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 14 July 2025 and were signed by:

A Holden - Director

1.	STATUTORY INFORMATION

Phillip Holden (Rural) 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.

Freehold property

-

125 years

Long leasehold

-

125 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

223,122

38,000

3,795

Additions

-

-

-

At 31 December 2024

223,122

38,000

3,795

DEPRECIATION

At 1 January 2024

30,310

4,990

2,974

Charge for year

1,795

304

759

At 31 December 2024

32,105

5,294

3,733

NET BOOK VALUE

At 31 December 2024

191,017

32,706

62

At 31 December 2023

192,812

33,010

821

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

47,639

26,425

338,981

Additions

1,460

-

1,460

At 31 December 2024

49,099

26,425

340,441

DEPRECIATION

At 1 January 2024

42,417

24,753

105,444

Charge for year

2,076

912

5,846

At 31 December 2024

44,493

25,665

111,290

NET BOOK VALUE

At 31 December 2024

4,606

760

229,151

At 31 December 2023

5,222

1,672

233,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

163,044

139,734

Other debtors

29,433

35,137

192,477

174,871

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

92,279

102,949

Trade creditors

360,864

267,507

Taxation and social security

8,344

649

Other creditors

16,878

12,741

478,365

383,846

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,333

33,333

Other creditors

261,189

261,189

269,522

294,522

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

67,279

67,506

The bank overdraft is secured by a fixed and floating charge over the assets of the company.