Company registration number 04684317 (England and Wales)
PHILIP HALL ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PHILIP HALL ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PHILIP HALL ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
649
1,367
Current assets
Debtors
5
29,702
25,428
Cash at bank and in hand
64,826
88,533
94,528
113,961
Creditors: amounts falling due within one year
6
(22,922)
(38,930)
Net current assets
71,606
75,031
Total assets less current liabilities
72,255
76,398
Provisions for liabilities
(162)
(342)
Net assets
72,093
76,056
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
71,993
75,956
Total equity
72,093
76,056

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 28 October 2025
P A Hall
Director
Company registration number 04684317 (England and Wales)
PHILIP HALL ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Philip Hall Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 43 Church Road, Hove, East Sussex, BN3 2BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable from clients for professional services provided during the period under review.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% reducing balance
Computer equipment
3 years straight line
1.4
Cash at bank and in hand

Cash at bank and in hand 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. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PHILIP HALL ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.8
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

PHILIP HALL ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
12,646
Depreciation and impairment
At 1 April 2024
11,279
Depreciation charged in the year
718
At 31 March 2025
11,997
Carrying amount
At 31 March 2025
649
At 31 March 2024
1,367
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,610
16,123
Other debtors
25,092
9,305
29,702
25,428
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
627
36
Taxation and social security
16,715
32,276
Other creditors
5,580
6,618
22,922
38,930
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100
2025-03-31 2024-04-01 false false false 28 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr P Hall 2 04684317 2024-04-01 2025-03-31 04684317 2025-03-31 04684317 2024-03-31 04684317 core:OtherPropertyPlantEquipment 2025-03-31 04684317 core:OtherPropertyPlantEquipment 2024-03-31 04684317 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04684317 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04684317 core:CurrentFinancialInstruments 2025-03-31 04684317 core:CurrentFinancialInstruments 2024-03-31 04684317 core:ShareCapital 2025-03-31 04684317 core:ShareCapital 2024-03-31 04684317 core:RetainedEarningsAccumulatedLosses 2025-03-31 04684317 core:RetainedEarningsAccumulatedLosses 2024-03-31 04684317 core:ShareCapitalOrdinaryShareClass1 2025-03-31 04684317 core:ShareCapitalOrdinaryShareClass1 2024-03-31 04684317 bus:Director1 2024-04-01 2025-03-31 04684317 core:FurnitureFittings 2024-04-01 2025-03-31 04684317 core:ComputerEquipment 2024-04-01 2025-03-31 04684317 core:OtherPropertyPlantEquipment 2024-03-31 04684317 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04684317 core:WithinOneYear 2025-03-31 04684317 core:WithinOneYear 2024-03-31 04684317 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04684317 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04684317 bus:FRS102 2024-04-01 2025-03-31 04684317 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04684317 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP