Phoresters Limited - Filleted accounts

Phoresters Limited
Registered number:		03931495
Balance Sheet
as at 31 January 2026

Notes			2026			2025

£				£
Fixed assets
Tangible assets	3		27,040			32,047
Investments	4		1,115,002			1,115,002
			1,142,042			1,147,049

Current assets
Debtors	5	1,112			1,460
Cash at bank and in hand		122,035			109,234
		123,147			110,694

Creditors: amounts falling due within one year	6	(22,011)			(18,444)

Net current assets			101,136			92,250

Total assets less current liabilities			1,243,178			1,239,299


Provisions for liabilities			(92,616)			(92,616)


Net assets			1,150,562			1,146,683

Capital and reserves
Called up share capital			300,001			300,001
Profit and loss account	8		850,561			846,682

Shareholders' funds			1,150,562			1,146,683

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

P A Dyer
Director
Approved by the board on 20 July 2026

Phoresters Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, Section 1a, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of rents received from the company's freehold and leasehold properties.

	Investments
	The company's freehold and leasehold investment properties are valued annually at fair value, with increases or decreases reflected in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. As required by FRS 102, provision is made for deferred tax arising from the revaluation of investment properties.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	1,548		55,135		56,683
	At 31 January 2026	1,548		55,135		56,683

	Depreciation
	At 1 February 2025	1,501		23,135		24,636
	Charge for the year	7		5,000		5,007
	At 31 January 2026	1,508		28,135		29,643

	Net book value
	At 31 January 2026	40		27,000		27,040
	At 31 January 2025	47		32,000		32,047




4	Investments
Investments in
subsidiary			Investment
undertakings			properties		Total
£			£		£
	Cost
	At 1 February 2025	2		1,115,000		1,115,002

	At 31 January 2026	2		1,115,000		1,115,002

	The company's freehold and leasehold properties were valued at market value as at 31st January 2016 by Messrs Bowyer Bryce, Chartered Surveyors. Having regard to market trends since that date, the directors are of the opinion that this valuation does not need to be revised at 31st January 2026.

5	Debtors			2026		2025
£					£

	Other debtors			1,112		1,460


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Corporation tax			10,816		8,335
	Other taxes and social security costs			600		223
	P & P Dyer Limited			2		2
	Other creditors			10,593		9,884
				22,011		18,444


7	Tax on profit on ordinary activities			2026		2025
£					£

	Corporation tax payable			10,816		8,335
	Deferred tax			-		-

				10,816		8,335


8	Profit and loss account
£
	Available for distribution			165,217
	Investment property revaluation reserve			685,344
				850,561





9	Other information

	Phoresters Limited is a private company limited by shares and incorporated in England. Its registered office is:
	32 Phipps Hatch Lane
	Enfield
	Middlesex
	EN2 0HN