ACCOUNTS - Final Accounts

Registered number: 06609685

PHI PARTNERS GLOBAL LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

PHI PARTNERS GLOBAL LIMITED

Company Information

Directors	D Stockdale
	S Wadhar


Company secretary	S Wadhar


Registered number	06609685


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

PHI PARTNERS GLOBAL LIMITED

Registered number: 06609685

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors	4	10,023		18,650
Cash at bank and in hand	5	1,099		8,690
		11,122		27,340
Creditors: amounts falling due within one year	6	(9,007)		(15,376)
Net current assets			2,115		11,964
Total assets less current liabilities			2,115		11,964

Net assets			2,115		11,964

Capital and reserves
Called up share capital	7	3,114	3,114
Share premium account		1,107,547	1,107,547
Profit and loss account		(1,108,546)	(1,098,697)
		2,115	11,964

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2025.

S Wadhar

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

PHI PARTNERS GLOBAL LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

1.	General information

Phi Partners Global Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

These financial statements have been prepared on a basis other than that of a going concern because on 9 July 2021 the company transferred its business and assets, including intellectual property, to Phi Partners International Limited as a going concern for fair value consideration and then subsequently ceased to trade.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

PHI PARTNERS GLOBAL LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 3

PHI PARTNERS GLOBAL LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

Debtors

					2024	2023
					£	£



Other debtors	8,053	16,680
Tax recoverable	1,970	1,970
	10,023	18,650

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,099	8,690
	1,099	8,690

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	3,000	7,497
Other creditors	4,507	3,239
Accruals and deferred income	1,500	4,640
	9,007	15,376

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

900 (2023 - 900) Ordinary 'A' shares of £1.00 each	900	900
1,862 (2023 - 1,862) Ordinary 'B' shares of £1.00 each	1,862	1,862
352 (2023 - 352) Ordinary 'C' shares of £1.00 each	352	352

	3,114	3,114

Page 4

PHI PARTNERS GLOBAL LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

8.	Related party transactions
	The Company operates a director's current account with Mr D Stockdale. At the balance sheet date the Company owed £4,507 to Mr D Stockdale (2023: the Company was owed £5,837 from Mr D Stockdale). The loan is repayable on demand and interest free.

Page 5