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REGISTERED NUMBER: 12500298 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PHOENIX CARE GROUP LTD

PHOENIX CARE GROUP LTD (REGISTERED NUMBER: 12500298)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHOENIX CARE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C A Prew
Ms L C Mcgrath





REGISTERED OFFICE: 64 Lugley Street
Newport
PO30 5EU





REGISTERED NUMBER: 12500298 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PHOENIX CARE GROUP LTD (REGISTERED NUMBER: 12500298)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 22,726 5,979

CURRENT ASSETS
Debtors 5 47,407 27,500
Cash at bank 136,707 5,239
184,114 32,739
CREDITORS
Amounts falling due within one year 6 50,736 115,085
NET CURRENT ASSETS/(LIABILITIES) 133,378 (82,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,104

(76,367

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 156,004 (76,467 )
SHAREHOLDERS' FUNDS 156,104 (76,367 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




C A Prew - Director


PHOENIX CARE GROUP LTD (REGISTERED NUMBER: 12500298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Phoenix Care Group 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.

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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 10 ) .

PHOENIX CARE GROUP LTD (REGISTERED NUMBER: 12500298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2022 3,611 2,976 6,587
Additions 15,747 4,946 20,693
At 31 March 2023 19,358 7,922 27,280
DEPRECIATION
At 1 April 2022 353 255 608
Charge for year 2,690 1,256 3,946
At 31 March 2023 3,043 1,511 4,554
NET BOOK VALUE
At 31 March 2023 16,315 6,411 22,726
At 31 March 2022 3,258 2,721 5,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 30,464 27,500
Directors' current accounts 16,943 -
47,407 27,500

Other debtors is an amount owed from Phoenix Property (IOW) Ltd of £27,500 (2022: £27,500), and an amount owed from CAP Property Development Ltd of £2,964 (2022: £nil).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 2,462 75
Tax 41,072 -
Other creditors 2,719 31,219
Directors' current accounts - 81,793
Accrued expenses 4,483 1,998
50,736 115,085

Other creditors is an amount owed for pensions of £2,719 (2022: £1,219), and an amount owed to J Fletcher of £nil (2022: £30,000).

PHOENIX CARE GROUP LTD (REGISTERED NUMBER: 12500298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100