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Registration number: 09978300

Prepared for the registrar
PHD Property Advisory Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

PHD Property Advisory Limited

(Registration number: 09978300)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 2,584 | 7,882
Current assets |  |  |
Debtors | 6 | 1,092,187 | 1,099,793
Investments | 7 | - | 210,634
Cash at bank and in hand |  | 578,114 | 985,098
|  | 1,670,301 | 2,295,525
Creditors: Amounts falling due within one year | 8 | (327,832) | (359,857)
Net current assets |  | 1,342,469 | 1,935,668
Total assets less current liabilities |  | 1,345,053 | 1,943,550
Deferred tax liabilities | 4 | (620) | (1,971)
Net assets |  | 1,344,433 | 1,941,579
Capital and reserves |  |  |
Called up share capital |  | 30 | 30
Retained earnings |  | 1,344,403 | 1,941,549
Shareholders' funds |  | 1,344,433 | 1,941,579

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

Adam Heath
Director

PHD Property Advisory Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Woodlands
Bradley Stoke
Bristol
BS32 4JT

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Fee income represents the fair value of services provided during the year on client assignments. Fair value reflects the amounts expected to be recoverable from clients based on time spent, skills provided and expenses incurred, and excludes VAT. Income is recognised as contract activity progresses and the right to consideration is secured, except where the final outcome cannot be assessed with reasonable certainty.
Income in respect of contingent fee assignments is recognised in the period when the contingent event occurs and collectability of the fee is assured.
Unbilled income on individual client assignments is included as amounts recoverable on contracts within debtors.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

PHD Property Advisory Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% straight line
Furniture, fittings and equipment | 25% straight line

Investments

The current asset investments represent an investment fund held at market rate. Any revaluations are recognised as a fair value movement to the profit and loss in accordance with the provision of FRS102.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

PHD Property Advisory Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

| 4 | Deferred tax

Deferred tax assets and liabilities

2025 | Asset £ | Liability £
Difference between accumulated depreciation and capital allowances | - | 646
Short term timing differences | 26 | -
| 26 | 646

2024 | Liability £
Difference between accumulated depreciation and capital allowances | 1,937
| 1,937

PHD Property Advisory Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 5 | Tangible assets

| Plant and machinery £ | Furniture, fittings and equipment £ | Total £
Cost
At 1 March 2024 | 2,981 | 27,561 | 30,542
Additions | - | 383 | 383
At 28 February 2025 | 2,981 | 27,944 | 30,925
Depreciation
At 1 March 2024 | 1,573 | 21,087 | 22,660
Charge for the year | 704 | 4,977 | 5,681
At 28 February 2025 | 2,277 | 26,064 | 28,341
Carrying amount
At 28 February 2025 | 704 | 1,880 | 2,584
At 29 February 2024 | 1,408 | 6,474 | 7,882

| 6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 290,128 | 272,443
Receivables from related parties | - | 93,429
Prepayments | 4,046 | 3,809
Other debtors | 798,013 | 730,112
| 1,092,187 | 1,099,793

| 7 | Current asset investments

| 2025 £ | 2024 £
Other investments | - | 210,634

Current asset investments represents an investment fund held at market rate. The investments were fully disposed of during the year.

| 8 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 4,271 | 84,764
Taxation and social security | 319,364 | 272,143
Accruals | 3,950 | 2,950
Pension contributions unpaid | 247 | -
| 327,832 | 359,857

PHD Property Advisory Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £35,094 (2024 - £55,147).

| 10 | Related party transactions

At 28 February 2025, Graham and Sarah Peat owed the company £nil (2024 - £65,296) and Adam and Shona Heath owed the company £nil (2024 - £28,133) in the form of directors' loan accounts. The loans were fully paid during the year and no interest was paid.
At 28 February 2025 the company was owed £200,000 (2024 - £241,912) by Polar Bear Property Holdings Limited, a company related by virtue of the directors. The loan is unsecured and repayable on demand. Interest is paid on this loan.
At 28 February 2025 the company was owed £455,200 (2024 - £445,300) by Grizzly Bear Property Holdings Limited, a company related by virtue of the directors. The loan is unsecured and repayable on demand. Interest is due on this loan and has been added to the balance.
At 28 February 2025 the company was owed £2,002 (2024 - £nil) by Heath Family Limited, a company related by virtue of the directors. The loan is unsecured, repayable on demand, and no interest is payable.
At 28 February 2025 the company was owed £202 (2024 - £nil) by Peat Family Limited, a company related by virtue of the directors. The loan is unsecured, repayable on demand, and no interest is payable.