REGISTERED NUMBER: 07779903 (England and Wales)

PHIL HARRIES DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Balance Sheet

1

FIXED ASSETS

21,846

523,342

CURRENT ASSETS

229,711

284,399

CREDITORS

Amounts falling due within one year

(140,735

)

(306,185

)

NET CURRENT ASSETS/(LIABILITIES)

88,976

(21,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

110,822

501,556

CREDITORS

Amounts falling due after more than one year

(101,067

)

(492,777

)

NET ASSETS

9,755

8,779

CAPITAL AND RESERVES

9,755

8,779

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Phil Harries Developments 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:

07779903

Registered office:

Pear Tree House

Pen-Y-Turnpike Road

Dinas Powys

Vale of Glamorgan

CF64 4HG

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2025 - 2 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Creditors: amounts falling due after more than one year is £101,067 (2025 - £154,693) owed to companies which are controlled and owned by the director. During the year £41,000 was written off these debts.

4.	INVESTMENT PROPERTY LOSS

During the financial year, the company disposed of its investment property, resulting in a material, non-recurring loss recognised in the Profit and Loss Account

.

The Director considers that the loss arose from a combination of property-specific and adverse market factors, including an acquisition price subsequently assessed as exceeding prevailing market value and elevated development expenditure attributable to exceptional labour and material cost inflation during the COVID-19 period. Market conditions were also depressed at the time of disposal, following changes in Government fiscal policy and tax-raising measures announced in late 2025 budget.

The loss is considered attributable to the particular circumstances of this investment and is not regarded as representative of the company's underlying operating performance or the anticipated profitability of its continuing residential property investment activities.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28th October 2026 and were signed by:

P J Harries - Director