PHA Associates Limited - Accounts to registrar - small 17.2

PHA Associates Limited - Accounts to registrar - small 17.2

PHA ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 08169256 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2017

for

PHA ASSOCIATES LIMITED

PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Contents of the Financial Statements
for the year ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PHA ASSOCIATES LIMITED

Company Information
for the year ended 31 March 2017







Directors: P Henderson
Mrs V H Henderson





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 08169256 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY
Page 1
PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Balance Sheet
31 March 2017

2017 2016
Notes £ £ £ £
Fixed assets
Tangible assets 4 13,287 18,829

Current assets
Debtors 5 199,198 14,673
Investments 6 171,564 421,674
Cash at bank 15,483 20,360
386,245 456,707
Creditors
Amounts falling due within one year 7 32,647 36,727
Net current assets 353,598 419,980
Total assets less current liabilities 366,885 438,809

Capital and reserves
Called up share capital 8 100 100
Retained earnings 366,785 438,709
Shareholders' funds 366,885 438,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2
PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 July 2017 and were signed on its behalf by:




P Henderson - Director



Mrs V H Henderson - Director


The notes form part of these financial statements

Page 3
PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Notes to the Financial Statements
for the year ended 31 March 2017


1. Statutory information

PHA Associates 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

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 year 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.

Current asset investments
Current asset investments are measured at fair value. Fair value is obtained from quoted prices on the active
market. During the year, the gain in value included in the profit and loss is £9,305 (2015: loss £1,983).

3. Employees and directors

The average number of employees during the year was 2 .

Page 4
PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Notes to the Financial Statements - continued
for the year ended 31 March 2017


4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 April 2016
and 31 March 2017 25,000 2,544 27,544
Depreciation
At 1 April 2016 7,096 1,619 8,715
Charge for year 5,000 542 5,542
At 31 March 2017 12,096 2,161 14,257
Net book value
At 31 March 2017 12,904 383 13,287
At 31 March 2016 17,904 925 18,829

5. Debtors: amounts falling due within one year
2017 2016
£ £
Trade debtors 7,899 -
Other debtors 60,855 5,495
Directors' current accounts 109,374 -
Prepayments and accrued income 21,070 9,178
199,198 14,673

6. Current asset investments
2017 2016
£ £
Listed investments 171,564 421,674

7. Creditors: amounts falling due within one year
2017 2016
£ £
Tax 20,000 24,304
VAT 9,922 8,348
Directors' current accounts - 975
Accrued expenses 2,725 3,100
32,647 36,727

Page 5
PHA ASSOCIATES LIMITED (REGISTERED NUMBER: 08169256)

Notes to the Financial Statements - continued
for the year ended 31 March 2017


8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £ £
100 Ordinary £1 100 100

9. Related party disclosures

At the period end, the directors owed the company £109,374 (2016 £975 was owed to the directors). This loan
is interest free and repayable on demand.

10. First year adoption

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at
1st January 2015.

Reconciliation of equity and profit and loss
No transitional adjustments were required at the date of transition to FRS 102 being 1 April 2015 but as at 31
March 2016, a transitional adjustment has been carried out to measure listed investments at market value with
the loss on valuation recognised in the profit and loss. This has been carried out to bring the subsequent
measurement of listed investments in line with FRS 102.


Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PHA Associates Limited


The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and
certain other primary statements and the Report of the Directors are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of PHA Associates Limited for the year ended 31 March 2017 which comprise the Income
Statement, Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PHA Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PHA Associates Limited and state those matters that we have agreed to state to the Board of Directors of PHA Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHA Associates Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PHA Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PHA Associates Limited. You consider that PHA Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PHA Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


26 July 2017

This page does not form part of the statutory financial statements

Page 7