Phantom Properties UK Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05770806 (England and Wales)

Phantom Properties UK Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Singh

REGISTERED OFFICE:

3 - 5 London Road

Rainham

Gillingham

Kent

ME8 7RG

BUSINESS ADDRESS:

2 Gamma House

Culpepper Close

Medway City Estate

Rochester

Kent

ME2 4HU

REGISTERED NUMBER:

05770806 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Investments

4

100

100

CURRENT ASSETS

Inventories

1,989,865

1,989,865

Debtors

5

1,499,914

1,499,914

Cash in hand

100

100

3,489,879

3,489,879

CREDITORS

Amounts falling due within one year

6

1,207

1,207

NET CURRENT ASSETS

3,488,672

3,488,672

TOTAL ASSETS LESS CURRENT LIABILITIES

3,488,772

3,488,772

CREDITORS

Amounts falling due after more than one year

7

3,490,905

3,490,905

NET LIABILITIES

(2,133

)

(2,133

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,233

)

(2,233

)

SHAREHOLDERS' FUNDS

(2,133

)

(2,133

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:

A Singh - Director

1.	STATUTORY INFORMATION

Phantom Properties UK Ltd 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Phantom Properties UK Ltd 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2023

and 31 December 2023

100

NET BOOK VALUE

At 31 December 2023

100

At 31 December 2022

100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

1,499,914

1,499,914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

456

456

Other creditors

751

751

1,207

1,207

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other creditors

3,490,905

3,490,905