REGISTERED NUMBER: 07775970 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

Philnic Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P A Dobson

Mrs N Dobson

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

07775970 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Investments

4

191,930

104,437

CURRENT ASSETS

Cash at bank and in hand

1,377

1,382

CREDITORS

Amounts falling due within one year

5

145

1,045

NET CURRENT ASSETS

1,232

337

TOTAL ASSETS LESS CURRENT LIABILITIES

193,162

104,774

CAPITAL AND RESERVES

Called up share capital

1,050

1,050

Retained earnings

192,112

103,724

SHAREHOLDERS' FUNDS

193,162

104,774

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 September 2025 and were signed on its behalf by:

Mrs N Dobson - Director

Dr P A Dobson - Director

1.	STATUTORY INFORMATION

Philnic Holdings 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.

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 as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

321

104,116

104,437

Additions

-

75,999

75,999

Revaluations

-

11,226

11,226

Dividends received

-

268

268

At 31 May 2025

321

191,609

191,930

NET BOOK VALUE

At 31 May 2025

321

191,609

191,930

At 31 May 2024

321

104,116

104,437

Cost or valuation at 31 May 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2023

321

48,098

48,419

Valuation in 2024

-

56,018

56,018

Valuation in 2025

-

87,493

87,493

321

191,609

191,930

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other creditors

145

1,045