GUY PHILLIPS LIMITED


Directors	ASHLEY PHILLIPS, Nicholas
	BARBER, Kathryn Jane
	PHILLIPS, Guy Morgan Nicholas


Registered Address	324 Olympic House 28-42 Clements Road
	Ilford
	IG1 1BA


Registered Number	08422972 (England and Wales)

Balance Sheet as at
27 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,523,037		1,523,037
			1,523,037		1,523,037
Creditors amounts falling due within one year	4	(7,307)		(4,626)
Net current assets (liabilities)			(7,307)		(4,626)
Total assets less current liabilities			1,515,730		1,518,411
Creditors amounts falling due after one year	5		(712,068)		(1,188,219)
Net assets			803,662		330,192
Capital and reserves
Called up share capital			100		100
Revaluation reserve			354,619		354,619
Profit and loss account			448,943		(24,527)
Shareholders' funds			803,662		330,192

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 July 2026, and are signed on its behalf by:

ASHLEY PHILLIPS, Nicholas
Director

BARBER, Kathryn Jane
Director

PHILLIPS, Guy Morgan Nicholas
Director

Registered Company No. 08422972

GUY PHILLIPS LIMITED

Notes to the Financial Statements
for the year ended 27 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property
	The valuations of investment properties were made on an open market basis by the directors who are chartered surveyors. The directors believe that this value would not be materially different from the valuation at the year end.


		£
	Fair value at 28 August 24	1,523,037
	At 27 August 25	1,523,037

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,708	4,626
Taxation and social security	729	-
Accrued liabilities and deferred income	1,870	-
Total	7,307	4,626

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	305,000	455,000
Other creditors	407,068	733,219
Total	712,068	1,188,219

6.	Related party transactions
	During the year, APL Investments Limited formally waived an intercompany loan of £445,834.43. Accordingly, no balance was outstanding at the year end (2024: £250,254). APL Investments Limited is a company in which N. A. Phillips and K. J. Barber are directors. The loan represented funding provided to the company. At the year end date, Company owed £407,068.13(2024: £482,964.52) to Guy Morgan Nicholas Phillips.

Related party transactions

During the year, APL Investments Limited formally waived an intercompany loan of £445,834.43. Accordingly, no balance was outstanding at the year end (2024: £250,254). APL Investments Limited is a company in which N. A. Phillips and K. J. Barber are directors. The loan represented funding provided to the company.

At the year end date, Company owed £407,068.13(2024: £482,964.52) to Guy Morgan Nicholas Phillips.