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REGISTERED NUMBER: 11753335 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PHENIX PROPERTY SOLUTIONS LTD

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)






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


PHENIX PROPERTY SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M L Williams
Miss D F P Thevenet





SECRETARY:





REGISTERED OFFICE: 73b Stacey Road
Cardiff
South Glamorgan
CF24 1DT





REGISTERED NUMBER: 11753335 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,778 -

CURRENT ASSETS
Cash at bank 66,958 63,416

CREDITORS
Amounts falling due within one year 5 39,932 36,458
NET CURRENT ASSETS 27,026 26,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,804

26,958

CREDITORS
Amounts falling due after more than one
year

6

117,949

23,060
NET ASSETS 50,855 3,898

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,853 3,896
50,855 3,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 6 October 2023 and were signed on its behalf by:



M L Williams - Director


PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

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

1. STATUTORY INFORMATION

Phenix Property Solutions 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.

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 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 141,778
At 31 January 2023 141,778
NET BOOK VALUE
At 31 January 2023 141,778

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 12,215 252
Directors' loan accounts 26,817 35,307
Accrued expenses 900 899
39,932 36,458

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 7) 117,949 23,060

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 97,500 -

Repayable by instalments
Bank loans more 5 yr by instal 20,449 23,060

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 97,500 -

Repayable by instalments
Bank loans more 5 yr by instal 20,449 23,060

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
M L Williams
Balance outstanding at start of year 23,057 14,807
Amounts advanced 6,756 8,250
Amounts repaid (11,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,812 23,057

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss D F P Thevenet
Balance outstanding at start of year 12,249 3,999
Amounts advanced 6,756 8,250
Amounts repaid (11,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,004 12,249