Palmer House Freeholders Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14240160

Palmer House Freeholders Ltd

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 July 2025

Palmer House Freeholders Ltd

Company Limited by Guarantee

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		30,909	30,909

Current assets

Debtors	6	–	63
Cash at bank and in hand		719	139
		----	----
		719	202

Creditors: amounts falling due within one year	7	32,408		32,341
		--------		--------
Net current liabilities			31,689	32,139
			--------	--------
Total assets less current liabilities			( 780)	( 1,230)
			----	-------
Net liabilities			( 780)	( 1,230)
			----	-------

Capital and reserves

Profit and loss account	( 780)	( 1,230)
	----	-------
Members deficit	( 780)	( 1,230)
	----	-------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 July 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 .

Palmer House Freeholders Ltd

Company Limited by Guarantee

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 12 March 2026 , and are signed on behalf of the board by:

Ms J Brazier	A Durant-Pritchard Esq
Director	Director

Mrs K Durant-Pritchard	Mrs D Greenhill
Director	Director

C Haley Esq
Director

Company registration number: 14240160

Palmer House Freeholders Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, PO121LY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Company limited by guarantee

Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up whilst he or she is a member or within one year of ceasing to be a member, for payment of the company’s debts and liabilities contracted before they ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

5. Tangible assets

	Land and buildings
	£
Cost
At 1 August 2024 and 31 July 2025	30,909
	--------
Depreciation
At 1 August 2024 and 31 July 2025	–
	--------
Carrying amount
At 31 July 2025	30,909
	--------
At 31 July 2024	30,909
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	63
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	32,408	32,341
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms J Brazier	( 7,727)	–	( 7,727)
A Durant-Pritchard Esq	( 3,864)	–	( 3,864)
Mrs K Durant-Pritchard	( 3,889)	–	( 3,889)
Mrs D Greenhill	( 7,727)	–	( 7,727)
C Haley Esq	( 8,397)	–	( 8,397)
	--------	----	--------
	( 31,604)	–	( 31,604)
	--------	----	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms J Brazier	–	( 7,727)	( 7,727)
A Durant-Pritchard Esq	–	( 3,864)	( 3,864)
Mrs K Durant-Pritchard	( 25)	( 3,864)	( 3,889)
Mrs D Greenhill	–	( 7,727)	( 7,727)
C Haley Esq	–	( 8,397)	( 8,397)
	----	--------	--------
	( 25)	( 31,579)	( 31,604)
	----	--------	--------