IRIS Accounts Production v26.1.10.61 13770431 Board of Directors 1.12.24 30.11.25 30.11.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13770431 2024-11-30 13770431 2025-11-30 13770431 2024-12-01 2025-11-30 13770431 2023-11-30 13770431 2023-12-01 2024-11-30 13770431 2024-11-30 13770431 ns15:EnglandWales 2024-12-01 2025-11-30 13770431 ns14:PoundSterling 2024-12-01 2025-11-30 13770431 ns10:Director1 2024-12-01 2025-11-30 13770431 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 13770431 ns10:SmallEntities 2024-12-01 2025-11-30 13770431 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 13770431 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 13770431 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 13770431 ns10:FullAccounts 2024-12-01 2025-11-30 13770431 ns5:CurrentFinancialInstruments 2025-11-30 13770431 ns5:CurrentFinancialInstruments 2024-11-30 13770431 ns5:Non-currentFinancialInstruments 2025-11-30 13770431 ns5:Non-currentFinancialInstruments 2024-11-30 13770431 ns5:ShareCapital 2025-11-30 13770431 ns5:ShareCapital 2024-11-30 13770431 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-11-30 13770431 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-11-30 13770431 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 13770431 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 13770431 ns10:RegisteredOffice 2024-12-01 2025-11-30 13770431 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 13770431 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 13770431 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-11-30 13770431 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-11-30 13770431 ns5:Secured 2025-11-30 13770431 ns5:Secured 2024-11-30

REGISTERED NUMBER: 13770431 (England and Wales)

| PHILLIPS PROPERTY LETTINGS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2025 |

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

BALANCE SHEET

30 NOVEMBER 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 382,387 |  | 190,000 |  |

CURRENT ASSETS

Debtors | 5 | 895 |  | 895 |  |

Cash at bank | 24,717 |  | 11,766 |  |

25,612 |  | 12,661 |  |

CREDITORS

Amounts falling due within one year | 6 | 257,588 |  | 55,463 |  |

NET CURRENT LIABILITIES | (231,976 | ) | (42,802 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 150,411 |  | 147,198 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 131,420 |  | 131,420 |  |

NET ASSETS | 18,991 |  | 15,778 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 7,744 |  | 7,744 |  |

Retained earnings | 11,147 |  | 7,934 |  |

SHAREHOLDERS' FUNDS | 18,991 |  | 15,778 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

BALANCE SHEET - continued

30 NOVEMBER 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

D K Phillips - Director

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Phillips Property Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 13770431

| Registered office: | 7-8 Portmill Lane

| Hitchin

| Hertfordshire

| SG5 1DJ

| 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 as modified by the revaluation of certain assets.

| Going Concern

| The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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 that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 190,000 |  |

| Additions | 192,387 |  |

| At 30 November 2025 | 382,387 |  |

| NET BOOK VALUE

| At 30 November 2025 | 382,387 |  |

| At 30 November 2024 | 190,000 |  |

| Fair value at 30 November 2025 is represented by:

£ |

| Valuation in 22 | 9,560 |  |

| Cost | 372,827 |  |

382,387 |  |

| The directors considers the value of the company's interest in its investment property on an open market basis at 30 November 2025 to be £382,387.

PHILLIPS PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13770431)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Other debtors | 895 |  | 895 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade creditors | 2,567 |  | 1,213 |  |

| Taxation and social security | 1,411 |  | 657 |  |

| Other creditors | 253,610 |  | 53,593 |  |

257,588 |  | 55,463 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans | 131,420 |  | 131,420 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 131,420 |  | 131,420 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans | 131,420 |  | 131,420 |  |

| The bank loan is secured by way of a charge due on the investment property of the company.

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the balance owed to the related parties was £252,148 (2024: £52,086.). No repayments were made during the year. The amounts due to the related parties at the balance sheet date are included in creditors as follows:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Nature of relationship |  |

| Directors |  |  | 62 |  |  | 62 |  |

| Entity with common ownership, control and directorship |  |  | 252,086 |  |  | 52,086 |  |

| An interest of 0% is charged on the unsecured loans, and they are repayable on demand.