Belle,
As I explained to you before. From the visa and endorsement (KOL req) you have explained as being granted, you only need to study and pass the Life In UK Test and then you can immediately apply for ILR. Means if you pass the Life in UK test in February 2011 then you can apply for ILR in February 2011
You do not need to wait any longer than that.
Now, after 12 months of being granted ILR and provided you comply with requirements you will be able to apply for British Naturalisation. You just need to attend a Citizenship
Ceremony and you will then receive your British Naturalisation Certificate.
When you have your British Naturalisation Certificate you are able to apply you British passport if you wish.
Also, when you have your British Naturalisation Certificate, you can attend an oath taking ceremony at the Philippine Embassy in London to re-aquire your Philippine Citizenship and become a dual citizen ( British and Philippines)
All this information is available on UKBA website and Phil Embassy website.
Please do take time NOW to read the requirements. Some of the requirements need documents that begin NOW
Hope it helps