REGISTERED NUMBER: 04132311 (England and Wales)

Unaudited Financial Statements

for the Period

1 February 2025 to 30 April 2026

for

PHG Holdings Durham Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Gowland

H A Gowland

SECRETARY:

H A Gowland

REGISTERED OFFICE:

C/O Devon Conversions Limited

Mainsforth Road

Ferryhill

Co Durham

DL17 9DE

REGISTERED NUMBER:

04132311 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Investments

4

-

26,000

Investment property

5

908,716

908,716

908,716

934,716

CURRENT ASSETS

Stocks

350,095

-

Debtors

6

123,134

153,049

Cash at bank and in hand

1,393,474

638,401

1,866,703

791,450

CREDITORS

Amounts falling due within one year

7

(64,091

)

(74,479

)

NET CURRENT ASSETS

1,802,612

716,971

TOTAL ASSETS LESS CURRENT LIABILITIES

2,711,328

1,651,687

CAPITAL AND RESERVES

Called up share capital

8

2,600

2,600

Share premium

23,500

23,500

Retained earnings

2,685,228

1,625,587

SHAREHOLDERS' FUNDS

2,711,328

1,651,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

H A Gowland - Director

1.	STATUTORY INFORMATION

PHG Holdings Durham 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.

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.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The company has extended their year end to 30 April 2026 in line with group companies, therefore, the accounts represent a 15 month period compared to 12 months in the previous period.

Preparation of consolidated financial statements

The financial statements contain information about PHG Holdings Durham Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded under market conditions.

Turnover

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

Income recognition

Turnover from rental income is recognised in the period to which it relates.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the period 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 period 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 period was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

26,000

Impairments

(26,000

)

At 30 April 2026

-

NET BOOK VALUE

At 30 April 2026

-

At 31 January 2025

26,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 30 April 2026

908,716

NET BOOK VALUE

At 30 April 2026

908,716

At 31 January 2025

908,716

In the opinion of the directors, the cost of the investment property represents the fair value as at 30 April 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

86,971

153,049

Other debtors

35,136

-

Prepayments and accrued income

1,027

-

123,134

153,049

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

22,394

20,431

Other creditors

5,000

-

Director's current account

30,522

54,048

Accruals and deferred income

6,175

-

64,091

74,479

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,600

Ordinary

£1

-

2,600

1,430

Ordinary A

£1

1,430

-

1,170

Ordinary B

£1

1,170

-

2,600

2,600

9.	RELATED PARTY DISCLOSURES

There are no related party transactions not concluded at market rate except for the following:

2026

2025

£

£

Amounts due to directors

30,522

54,048

No interest was charged.