Companies House 14214006 2024-12-31 2024-12-31 2024-01-01 false iso4217:GBP xbrli:pure 14214006 2022-07-04 2023-12-31 14214006 2024-12-31 14214006 2024-01-01 2024-12-31 14214006 2023-12-31 14214006 curr:PoundSterling 2024-01-01 2024-12-31 14214006 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14214006 uk-bus:FRS102 2024-01-01 2024-12-31 14214006 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14214006 uk-bus:FullAccounts 2024-01-01 2024-12-31 14214006 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 14214006 uk-bus:Director1 2024-01-01 2024-12-31 14214006 uk-bus:Director2 2024-01-01 2024-12-31 14214006 uk-bus:Director3 2024-01-01 2024-12-31 14214006 uk-bus:Director4 2024-01-01 2024-12-31 14214006 uk-bus:Director5 2024-01-01 2024-12-31 14214006 uk-bus:Director6 2024-01-01 2024-12-31 14214006 uk-bus:Director7 2024-01-01 2024-12-31 14214006 uk-bus:Director8 2024-01-01 2024-12-31 14214006 uk-bus:Director9 2024-01-01 2024-12-31 14214006 uk-bus:Director10 2024-01-01 2024-12-31 14214006 uk-bus:Director11 2024-01-01 2024-12-31 14214006 uk-bus:Director12 2024-01-01 2024-12-31 14214006 uk-bus:Director13 2024-01-01 2024-12-31 14214006 uk-bus:Director14 2024-01-01 2024-12-31 14214006 uk-bus:Director15 2024-01-01 2024-12-31 14214006 uk-bus:Director16 2024-01-01 2024-12-31 14214006 uk-bus:Director17 2024-01-01 2024-12-31 14214006 uk-bus:Director18 2024-01-01 2024-12-31 14214006 uk-bus:Director19 2024-01-01 2024-12-31 14214006 uk-bus:Director20 2024-01-01 2024-12-31 14214006 uk-bus:Director21 2024-01-01 2024-12-31 14214006 uk-bus:CompanySecretary1 2024-01-01 2024-12-31 14214006 core:AfterOneYear 2024-12-31 14214006 core:AfterOneYear 2023-12-31 14214006 core:WithinOneYear 2024-12-31 14214006 core:WithinOneYear 2023-12-31 14214006 core:WithinOneYear 2024-01-01 2024-12-31 14214006 core:AfterOneYear 2024-12-31 14214006 core:AfterOneYear 2023-12-31 14214006 core:AfterOneYear 2024-01-01 2024-12-31 14214006 core:ShareCapital 2024-12-31 14214006 core:ShareCapital 2023-12-31 14214006 core:SharePremium 2024-12-31 14214006 core:SharePremium 2023-12-31 14214006 core:OtherReservesSubtotal 2024-12-31 14214006 core:OtherReservesSubtotal 2023-12-31 14214006 core:RevaluationReserve 2024-12-31 14214006 core:RevaluationReserve 2023-12-31 14214006 core:RetainedEarningsAccumulatedLosses 2024-12-31 14214006 core:RetainedEarningsAccumulatedLosses 2023-12-31 14214006 1 2024-01-01 2024-12-31 14214006 2 2024-01-01 2024-12-31 14214006 3 2024-01-01 2024-12-31 14214006 core:LandBuildings 2024-01-01 2024-12-31 14214006 core:LandBuildings 2024-12-31 14214006 core:LandBuildings 2022-07-04 2023-12-31 14214006 core:LandBuildings 2023-12-31 14214006 core:PlantMachinery 2024-01-01 2024-12-31 14214006 core:PlantMachinery 2024-12-31 14214006 core:PlantMachinery 2022-07-04 2023-12-31 14214006 core:PlantMachinery 2023-12-31 14214006 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 14214006 core:FurnitureFittingsToolsEquipment 2024-12-31 14214006 core:FurnitureFittingsToolsEquipment 2022-07-04 2023-12-31 14214006 core:FurnitureFittingsToolsEquipment 2023-12-31 14214006 core:OfficeEquipment 2024-01-01 2024-12-31 14214006 core:OfficeEquipment 2024-12-31 14214006 core:OfficeEquipment 2022-07-04 2023-12-31 14214006 core:OfficeEquipment 2023-12-31 14214006 core:Vehicles 2024-01-01 2024-12-31 14214006 core:Vehicles 2024-12-31 14214006 core:Vehicles 2022-07-04 2023-12-31 14214006 core:Vehicles 2023-12-31 14214006 core:NetGoodwill 2024-01-01 2024-12-31 14214006 core:NetGoodwill 2024-12-31 14214006 core:NetGoodwill 2022-07-04 2023-12-31 14214006 core:NetGoodwill 2023-12-31 14214006 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 14214006 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 14214006 core:IntangibleAssetsOtherThanGoodwill 2022-07-04 2023-12-31 14214006 core:IntangibleAssetsOtherThanGoodwill 2023-12-31

# PHLL HOLDCO LIMITED

## Company Registration Number:
14214006 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# PHLL HOLDCO LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# PHLL HOLDCO LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company is to develop, buy and sell its own real estate via its subsidiaries.

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

E BAKER
A FERGUSON
J GILBEY
M KEOGH
D NEWSOME

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 September 2025

And signed on behalf of the board by:
Name: A FERGUSON
Status: Director

# PHLL HOLDCO LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 18 months to 31 December 2023
--- | --- | ---
| £ | £
Turnover: | 0 | 0
Cost of sales: | 0 | 0
Gross profit(or loss): | 0 | 0
Distribution costs: | 0 | 0
Administrative expenses: | ( 10,876 ) | ( 9,900 )
Other operating income: | 7,176 | 0
Operating profit(or loss): | (3,700) | (9,900)
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | ( 913 ) | ( 710 )
Profit(or loss) before tax: | (4,613) | (10,610)
Tax: | 0 | 0
Profit(or loss) for the financial year: | (4,613) | (10,610)

# PHLL HOLDCO LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 18 months to 31 December 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: |  | 0 | 0
Investments: | 3 | 29,114,956 | 11,142,230
Total fixed assets: |  | 29,114,956 | 11,142,230
Current assets
Stocks: |  | 0 | 0
Debtors: | 4 | 1 | 1
Cash at bank and in hand: |  | 35,353 | 790
Investments: |  | 0 | 0
Total current assets: |  | 35,354 | 791
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 5 | ( 34,737 ) | ( 11,400 )
Net current assets (liabilities): |  | 617 | (10,609)
Total assets less current liabilities: |  | 29,115,573 | 11,131,621
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 29,115,573 | 11,131,621
Capital and reserves
Called up share capital: |  | 29,130,796 | 11,142,231
Share premium account: |  | 0 | 0
Other reserves: |  | 0 | 0
Profit and loss account: |  | (15,223 ) | (10,610 )
Total Shareholders' funds: |  | 29,115,573 | 11,131,621

The notes form part of these financial statements

# PHLL HOLDCO LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 16 September 2025
and signed on behalf of the board by:

Name: A FERGUSON
Status: Director

The notes form part of these financial statements

# PHLL HOLDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  Valuation information and policy

  INVESTMENTS The Board of Directors are of the opinion that the shares in subsidiaries have not suffered any permanent diminution in value and therefore no value adjustments have been recorded as at 31 December 2024.

  Other accounting policies

  Basis of preparing the financial statements These financial statements have been prepared in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going concern The Company had net assets of £29,115,573 at 31st December 2024 and presented a loss of £4,613 for the year ended 31 December 2024. The financial statements have been prepared on a going concern basis, on the assumption of the continuing availability of financial support from the shareholders. The financial statements do not include any adjustments that would arise from a failure to obtain this financial support. Taxation Taxation for the period 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 period 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. Investments in subsidiaries Investments in subsidiaries are held at cost. The Board of Directors review the investment at each period end for any signs of impairment. Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. Judgements and key sources of estimation uncertainty In the application of the company’s accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Related Parties Transactions Ashbourne Capital Partners Limited (“ACP”) and TGA European RE Holdings LLC (“TGA”) are the shareholders of Preferred Housing Living Limited (“PHLL”), the 100% parent of the Company. TGA is owned by Teachers Insurance and Annuity Association of America (“TIAA”). D Newsome and A Ferguson are shareholders and directors of ACP. M Keogh, J Gilbey and E Baker are employees of subsidiaries of TIAA. The total value of related party transactions for the period ended 31 December 2024 was £0.

# PHLL HOLDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 18 months to 31 December 2023
  --- | --- | ---
  Average number of employees during the period | 5 | 5

# PHLL HOLDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Fixed assets investments note

PHL Leeds Limited Ownership %: 100% Cost at the beginning of the financial period: £4,241,930 Movements: £7,127,711 Cost at the end of the financial period: £11,369,641 Value adjustments: £0 Net book value at the end of the financial period: £11,367,641 PHL Telford Limited Ownership %: 100% Cost at the beginning of the financial period: £2,836,180 Movements: £ 8,560,920 Cost at the end of the financial period: £11,397,100 Value adjustments: £0 Net book value at the end of the financial period: £11,397,100 PHL Nottingham Limited Ownership %: 100% Cost at the beginning of the financial period: £2,411,279 Movements: £1,143,686 Cost at the end of the financial period: £3,554,965 Value adjustments: £0 Net book value at the end of the financial period: £3,554,965 PHL Bicester Limited Ownership %: 100% Cost at the beginning of the financial period: £1,109,025 Movements: £465,090 Cost at the end of the financial period: £1,574,115 Value adjustments: £0 Net book value at the end of the financial period: £1,574,115 PHL Shrewsbury Limited Ownership %: 100% Cost at the beginning of the financial period: £543,816 Movements: £252,939 Cost at the end of the financial period: £796,755 Value adjustments: £0 Net book value at the end of the financial period: £796,755 PHL Crawley Limited Ownership %: 100% Cost at the beginning of the financial period: £0 Movements: £422,380 Cost at the end of the financial period: £422,380 Value adjustments: £0 Net book value at the end of the financial period: £422,380 The Board of Directors are of the opinion that the shares in subsidiaries have not suffered any permanent diminution in value and therefore no value adjustments have been recorded as at 31 December 2024.

# PHLL HOLDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Debtors

| 2024 | 18 months to 31 December 2023
--- | --- | ---
| £ | £
Trade debtors | 0 | 0
Prepayments and accrued income | 0 | 0
Other debtors | 1 | 1
Total | 1 | 1
Debtors due after more than one year: | 0 | 0

# PHLL HOLDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due within one year note

| 2024 | 18 months to 31 December 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 0 | 9,900
Taxation and social security | 0 | 0
Accruals and deferred income | 34,737 | 0
Other creditors | 0 | 1,500
Total | 34,737 | 11,400