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Company registration number: 13784703
PHD Capital Ltd
Unaudited filleted financial statements
31 March 2025
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
PHD Capital Ltd
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
PHD Capital Ltd
Directors and other information
Directors P J Davison
H L Davison
Secretary H L Davison
Company number 13784703
Registered office 17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
PHD Capital Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of PHD Capital Ltd
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PHD Capital Ltd for the year ended 31 March 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of PHD Capital Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PHD Capital Ltd and state those matters that we have agreed to state to the board of directors of PHD Capital Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHD Capital Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that PHD Capital Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PHD Capital Ltd. You consider that PHD Capital Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of PHD Capital Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
27 November 2025
PHD Capital Ltd
Balance sheet
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 104,537 104,537
Investments 6 1 -
_______ _______
104,538 104,537
Current assets
Debtors 7 798,952 433,424
Investments 8 3,796,041 3,621,829
Cash at bank and in hand 2,293,751 17,763
_______ _______
6,888,744 4,073,016
Creditors: amounts falling due
within one year 9 ( 6,242,695) ( 3,640,981)
_______ _______
Net current assets 646,049 432,035
_______ _______
Total assets less current liabilities 750,587 536,572
_______ _______
Net assets 750,587 536,572
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 750,577 536,562
_______ _______
Shareholders funds 750,587 536,572
_______ _______
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:
P J Davison
Director
Company registration number: 13784703
PHD Capital Ltd
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 17 Central Buildings, Market Place, Thirsk, North Yorkshire, YO7 1HD.
The principal activity of the company is that of making and managing investments.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Investment property Total
£ £
Cost
At 1 April 2024 and 31 March 2025 104,537 104,537
_______ _______
Depreciation
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 104,537 104,537
_______ _______
At 31 March 2024 104,537 104,537
_______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2024 - -
Additions 1 1
_______ _______
At 31 March 2025 1 1
_______ _______
Impairment
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 1 1
_______ _______
At 31 March 2024 - -
_______ _______
7. Debtors
2025 2024
£ £
Other debtors 798,952 433,424
_______ _______
8. Investments
2025 2024
£ £
Other investments 3,796,041 3,621,829
_______ _______
9. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 13,268 3,099
Other creditors 6,229,427 3,637,882
_______ _______
6,242,695 3,640,981
_______ _______
10. Related party transactions
At the year end date an amount of £6,228,426 (2024: £3,636,882) was owed in total to the directors.
Included within debtors is an amount of £798,952 (2024: £433,424) which is due from Langham Real Estate Limited, a company connected to the directors. Interest is charged on the loan on a quarterly basis.