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REGISTERED NUMBER: 05690683 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

PHARAOS LTD
PHARAOS LTD (REGISTERED NUMBER: 05690683)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHARAOS LTD

Company Information
for the year ended 31 January 2025







DIRECTORS: A Pharaon
M Pharaon
R Pharaon
K Pharaon
N Dickson





SECRETARIES: N Dickson
R Pharaon





REGISTERED OFFICE: 9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX





REGISTERED NUMBER: 05690683 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX
Page 1
PHARAOS LTD (REGISTERED NUMBER: 05690683)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,163 151
Investment property 6 4,664,096 4,664,096
4,667,259 4,664,247

CURRENT ASSETS
Stocks - 18,829
Debtors 7 20,419 9,650
Cash at bank 3,413,469 41,800
3,433,888 70,279
CREDITORS
Amounts falling due within one year 8 6,829,409 3,528,305
NET CURRENT LIABILITIES (3,395,521 ) (3,458,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,271,738
1,206,221

PROVISIONS FOR LIABILITIES 49,416 49,416
NET ASSETS 1,222,322 1,156,805

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 562,111 562,111
Retained earnings 660,111 594,594
SHAREHOLDERS' FUNDS 1,222,322 1,156,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:





A Pharaon - Director


The notes form part of these financial statements

Page 2
PHARAOS LTD (REGISTERED NUMBER: 05690683)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Pharaos Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Rental income represents rents and service charges receivable during the financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit or loss, and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Page 3 continued...
PHARAOS LTD (REGISTERED NUMBER: 05690683)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024 9,928 - 9,928
Additions 2,652 1,592 4,244
At 31 January 2025 12,580 1,592 14,172
DEPRECIATION
At 1 February 2024 9,777 - 9,777
Charge for year 701 531 1,232
At 31 January 2025 10,478 531 11,009
NET BOOK VALUE
At 31 January 2025 2,102 1,061 3,163
At 31 January 2024 151 - 151

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 4,664,096
NET BOOK VALUE
At 31 January 2025 4,664,096
At 31 January 2024 4,664,096

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2017 591,527
Valuation in 2023 20,000
Cost 4,052,569
4,664,096

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,490 2,490
Other debtors 17,929 7,160
20,419 9,650

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 22,572 6,838
Taxation and social security 17,434 12,710
Other creditors 6,789,403 3,508,757
6,829,409 3,528,305

Other Creditors includes loans from directors totalling £6,780,973 (£3,486,953 in 2024).

The loans are unsecured, interest-free and repayable on demand.

Page 4 continued...
PHARAOS LTD (REGISTERED NUMBER: 05690683)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 February 2024
and 31 January 2025 562,111

11. ULTIMATE CONTROLLING PARTY

Control of the company is held with the directors, who also own the shares.

Page 5