REGISTERED NUMBER: 14123874 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

PH (Dale End) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Gale

P N Hughes

REGISTERED OFFICE:

Bollin House

Oakfield Road

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3GX

REGISTERED NUMBER:

14123874 (England and Wales)

AUDITORS:

Bennett Brooks & Co Limited

Chartered Accountants

& Statutory Auditors

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

CURRENT ASSETS

Stocks

4

2,889,613

2,634,664

Debtors

5

101

693

Cash at bank

17,194

12,691

2,906,908

2,648,048

CREDITORS

Amounts falling due within one year

6

(2,193,967

)

(2,037,800

)

NET CURRENT ASSETS

712,941

610,248

TOTAL ASSETS LESS CURRENT LIABILITIES

712,941

610,248

CREDITORS

Amounts falling due after more than one year

7

-

(615,747

)

NET ASSETS/(LIABILITIES)

712,941

(5,499

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

712,940

(5,500

)

712,941

(5,499

)

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

P N Hughes - Director

1.	STATUTORY INFORMATION

PH (Dale End) 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. Properties are treated as sold and profits are recognised on legal completion of the sales contract.

Work-in-progress

The Company hold work-in-progress which is stated at the lower of cost and net realisable value. To assess the net realisable value of land held for development and housing work-in-progress, the Company assesses the likely revenue which will be generated when these sites are converted into residential properties and sold. Where it is assessed that the revenue generated will exceed costs expended to date and costs to bring the properties in saleable condition, work-in-progress is stated at cost. Where it is assessed that the revenue generated will be lower, work-in-progress is stated at net realisable value.

Work-in-progress includes land and associated acquisition costs, direct materials and subcontract work, other direct costs and those overheads (based on normal operating capacity) that have been incurred in bringing the stocks to their present location and condition.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Deposits

New property deposits and reservation fees are shown within other creditors until the associated sale is recognised.

Share capital

Ordinary shares are classed as equity.

Loans and borrowings

Profits attributable to members and capital introduced less drawings in respect of the profits shares are included as equity within total member's interests.

Critical estimates and judgements in applying the entity's accounting policies

The company makes estimates and assumptions concerning the future. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying values of assets and liabilities within the next 12 months are:

(a) Carrying value of land and work in progress and estimation of costs to complete

The company holds inventories stated at the lower of cost and net realisable value. Such inventories include land, work in progress and completed units. As residential development is largely speculative by nature, not all inventories are covered by forward sales contracts. Furthermore due to the nature of the companies activity and, in particular the scale of its developments and the length of the development cycle, the company has to allocate site-wide development costs between units being built and/or completed in the current year and those for future years. It also has to forecast the costs to complete on such developments.

In making such assessments and allocations, there is a degree of inherent estimation uncertainty. The company has established internal controls designed to effectively assess and centrally review inventory carrying values and ensure the appropriateness of the estimates made. These assessments and allocations evolve over the life of the development in line with the risk profile, and accordingly the margin recognised reflects these evolving assessments, particularly in relation to the companies long-term developments.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

2024

2023

£

£

Stocks

2,889,613

2,634,664

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

101

693

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1,421,498

861,553

Amounts owed to group undertakings

256,853

826,153

Other creditors

511,616

346,594

Accrued expenses

4,000

3,500

2,193,967

2,037,800

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

615,747

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jason Leach (FCA) (Senior Statutory Auditor)

for and on behalf of Bennett Brooks & Co Limited

9.	ULTIMATE PARENT COMPANY

P H Property Holdings Limited is regarded by directors as being the company's ultimate parent company. There is no ultimate controlling party.The registered office of the ultimate parent company is the same as PH (Dale End) Limited and can be found on the Company Information page.