REGISTERED NUMBER: 00247416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Phillips & Son (Alton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Ormond

Mrs A D M Ormond

Mrs K A Dinmore

Mrs G L Ormond

SECRETARY:

Mr J P Ormond

REGISTERED OFFICE:

328 Chatsworth Avenue

Cosham

Portsmouth

Hampshire

PO6 2UP

REGISTERED NUMBER:

00247416 (England and Wales)

ACCOUNTANTS:

Andrew Spencer Associates Limited

Chartered Certified Accountants

328 Chatsworth Avenue

Cosham

Portsmouth

Hampshire

PO6 2UP

BANKERS:

Lloyds Bank plc

1st Floor

3 Town Quay

Southampton

Hampshire

SO14 2AQ

FIXED ASSETS

Tangible assets

4

45,917

64,917

Investment property

5

19,732,960

23,632,960

19,778,877

23,697,877

CURRENT ASSETS

Debtors

6

188,453

119,037

Cash at bank

4,600,820

2,277,612

4,789,273

2,396,649

CREDITORS

Amounts falling due within one year

7

(826,997

)

(893,592

)

NET CURRENT ASSETS

3,962,276

1,503,057

TOTAL ASSETS LESS CURRENT LIABILITIES

23,741,153

25,200,934

CREDITORS

Amounts falling due after more than one year

8

-

(794,026

)

PROVISIONS FOR LIABILITIES

(762,679

)

(1,004,416

)

NET ASSETS

22,978,474

23,402,492

CAPITAL AND RESERVES

Called up share capital

5,076

5,076

Capital redemption reserve

2,354

2,354

Retained earnings

22,971,044

23,395,062

SHAREHOLDERS' FUNDS

22,978,474

23,402,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

Mr J P Ormond - Director

1.	STATUTORY INFORMATION

Phillips & Son (Alton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements relate to Phillips & Son (Alton) Limited as an individual entity.

Significant judgements and estimates

The key source of judgement and estimation uncertainty is the directors' valuation of investment property, whether for current periods or earlier periods where these are relevant to calculating deferred tax. These valuations are driven by known rental income and market price indications from widely available publications, adjusted where necessary for features specific to individual properties.

Turnover

Turnover comprises the rents received recognised in the period to which the income relates

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

76,000

DEPRECIATION

At 1 February 2025

11,083

Charge for year

19,000

At 31 January 2026

30,083

NET BOOK VALUE

At 31 January 2026

45,917

At 31 January 2025

64,917

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

23,632,960

Disposals

(3,900,000

)

At 31 January 2026

19,732,960

NET BOOK VALUE

At 31 January 2026

19,732,960

At 31 January 2025

23,632,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

96,900

24,023

Other debtors

91,553

95,014

188,453

119,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

-

145,412

Trade creditors

47,882

52

Taxation and social security

484,244

465,270

Other creditors

294,871

282,858

826,997

893,592

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

794,026

31.1.26

31.1.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years repayable

by instalments

-

137,672

-

137,672

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

-

939,438

The bank loans are secured by a fixed and floating charge over four of the company's properties