For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

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

Phad Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 51 Woodville Road, Harborne, Birmingham, UK, B17 9AR.

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 amounts 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.

Phad Ltd owns 100% shareholding in Hardwood Business Services Limited and 1% shareholding in Phad Property Ltd.

Investments in subsidiaries are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

The average monthly number of persons (including directors) employed by the company during the year was:

As at 30 April 2025 the following balances, included in amounts owed by group undertakings due within one year, were due from related companies:

Phad Property Ltd: £210,000

As at 30 April 2025 the following balances, included in amounts owed to group undertakings due within one year, were due to related companies:

Hardwood Business Services Ltd: £171,640

The above balances are repayable on demand.

The company is jointly controlled by Paul Oakes and Delshad Oakes.