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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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PHI (ALDERSHOT) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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PHI (ALDERSHOT) LIMITED |
PHI (ALDERSHOT) LIMITED (REGISTERED NUMBER: 05282796) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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PHI (ALDERSHOT) LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 March 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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PHI (ALDERSHOT) LIMITED (REGISTERED NUMBER: 05282796) |
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ABRIDGED BALANCE SHEET |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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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. |
PHI (ALDERSHOT) LIMITED (REGISTERED NUMBER: 05282796) |
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ABRIDGED BALANCE SHEET - continued |
31 March 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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PHI (ALDERSHOT) LIMITED (REGISTERED NUMBER: 05282796) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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PHI (Aldershot) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the amounts receivable from the rental of properties during the year. |
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Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred |
income. |
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Investment property |
Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the |
profit or loss account. Properties are revalued annually using an open market valuation basis. Material deferred |
tax is provided on these gains at the rate expected to apply when the property is sold. |
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Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and |
liabilities. Financial instruments are recognised at amortised cost, except for investment properties which are |
valued at fair value. At the end of each reporting period financial instruments are assessed for evidence of |
impairment, and changes are recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
current or past reporting periods. |
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Deferred tax represents the future tax consequences of material transactions and events recognised in the |
financial statements of current and previous periods. |
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Current and deferred tax assets and liabilities are not discounted and are 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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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PHI (ALDERSHOT) LIMITED (REGISTERED NUMBER: 05282796) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2019 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2018 |
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Disposals | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | RELATED PARTY DISCLOSURES |
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During the year ended 31 March 2019, PHI (Aldershot) Limited entered into the following transactions with |
group undertakings: |
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PHI (Aldershot) Limited received amounts associated to sale of property of £1,693,671 (2018 - £nil). |
PHI (Aldershot) Limited received rental amounting to £33,000 (2018 - £198,000). |
PHI (Aldershot) Limited paid loan repayments totalling £46,304 (2018 - £57,260). |
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As at 31 March 2019, the balance due from the group undertakings was £1,073,480 (2018 - £606,887 owed to |
group undertakings) and this amount is included within Debtors due within one year. |