Registration number: 13425907

Phillimore Draycott Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Phillimore Draycott Ltd

Company Information

Directors

J M Harrison S L Harrison

Registered office

Prospect Cottages Summerlug Mortimer Common Reading Berkshire RG7 2JT

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Phillimore Draycott Ltd

(Registration number: 13425907)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,600	7,444
Investment property	6	1,304,842	1,304,842
		1,308,442	1,312,286
Current assets
Debtors	7	5,471	7,276
Cash at bank and in hand		6,192	5,273
		11,663	12,549
Creditors: Amounts falling due within one year	8	(385,215)	(382,794)
Net current liabilities		(373,552)	(370,245)
Total assets less current liabilities		934,890	942,041
Creditors: Amounts falling due after more than one year	8	(946,948)	(946,948)
Net liabilities		(12,058)	(4,907)
Capital and reserves
Called up share capital		5	5
Retained earnings		(12,063)	(4,912)
Shareholders' deficit		(12,058)	(4,907)

For the financial year ending 31 May 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 and 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 28 May 2026 and signed on its behalf by:
 

......................................... J M Harrison Director

Phillimore Draycott Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
Prospect Cottages
Summerlug
Mortimer Common
Reading
Berkshire
RG7 2JT

These financial statements were authorised for issue by the Board on 28 May 2026.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover (rent receivable) is measured at the fair value of the consideration received or receivable. Rent receivable is recognised on a straight line basis over the term of the rental period.

Tax

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Phillimore Draycott Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are recognised at cost less accumulated depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation

Plant and machinery	33% straight line basis
Motor vehicles	25% straight line basis
Computer equipment	25% straight line basis

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. In order to meet upcoming liabilities, the directors have confirmed their financial support for a period of at least 12 months following the date on which the balance sheet is signed. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Phillimore Draycott Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	390	450	14,388	15,228
At 31 May 2025	390	450	14,388	15,228
Depreciation
At 1 June 2024	292	298	7,194	7,784
Charge for the year	98	149	3,597	3,844
At 31 May 2025	390	447	10,791	11,628
Carrying amount
At 31 May 2025	-	3	3,597	3,600
At 31 May 2024	98	152	7,194	7,444

6	Investment properties

	2025 £
At 1 June	1,304,842
At 31 May	1,304,842

7

Debtors

Current	2025 £	2024 £
Other debtors	5,471	7,276
	5,471	7,276

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	385,215	382,794

Creditors: amounts falling due after more than one year

Phillimore Draycott Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

8	Creditors (continued)

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		946,948	946,948