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REGISTERED NUMBER: 08594060 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

Phoenix Lounge Herts Limited

Phoenix Lounge Herts Limited (Registered number: 08594060)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Phoenix Lounge Herts Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: T Fontana





SECRETARY:





REGISTERED OFFICE: 255 High Street
London Colney
St Albans
AL2 1HA





REGISTERED NUMBER: 08594060 (England and Wales)





AUDITORS: BB Accountancy
758 Great Cambridge Road
Enfield
London
EN1 3GN

Phoenix Lounge Herts Limited (Registered number: 08594060)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,753 1,753
Investments 5 10,367 10,367
12,120 12,120

CURRENT ASSETS
Debtors 6 1,058 1,058
Cash at bank 40 14,546
1,098 15,604
CREDITORS
Amounts falling due within one year 7 54,757 67,258
NET CURRENT LIABILITIES (53,659 ) (51,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,539

)

(39,534

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (41,639 ) (39,634 )
(41,539 ) (39,534 )

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 October 2023 and were signed by:





T Fontana - Director


Phoenix Lounge Herts Limited (Registered number: 08594060)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Phoenix Lounge Herts 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

Phoenix Lounge Herts Limited (Registered number: 08594060)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 58,683 24,242 82,925
DEPRECIATION
At 1 February 2022
and 31 January 2023 58,683 22,489 81,172
NET BOOK VALUE
At 31 January 2023 - 1,753 1,753
At 31 January 2022 - 1,753 1,753

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 February 2022
and 31 January 2023 10,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 1,058 1,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - (1 )
Taxation and social security - 15,355
Other creditors 54,757 51,904
54,757 67,258

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

BB Accountancy