Company Registration No. 11834038 (England and Wales)
Phoenix Property International Ltd
Unaudited accounts
for the year ended 28 February 2023
Phoenix Property International Ltd
Unaudited accounts
Contents
Phoenix Property International Ltd
Company Information
for the year ended 28 February 2023
Directors
Yufeng LIU
Matthew JOHNSON
Company Number
11834038 (England and Wales)
Registered Office
OFFICE 3 4A NELSON ROAD
LONDON
SE10 9JB
ENGLAND
Accountants
Fortune UK Accountants Ltd
4a Nelson Road
London
GB
SE10 9JB
Phoenix Property International Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
95,051
39,908
Creditors: amounts falling due within one year
(71,808)
(84,984)
Net current assets
51,971
20,270
Called up share capital
9
9
Profit and loss account
51,962
20,261
Shareholders' funds
51,971
20,270
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
Yufeng LIU
Director
Company Registration No. 11834038
Phoenix Property International Ltd
Notes to the Accounts
for the year ended 28 February 2023
Phoenix Property International Ltd is a private company, limited by shares, registered in England and Wales, registration number 11834038. The registered office is OFFICE 3 4A NELSON ROAD, LONDON, SE10 9JB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Other debtors
28,728
40,667
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
19,164
18,824
Proposed dividends
50,000
60,000
Allotted, called up and fully paid:
9 Ordinary shares of £1 each
9
9
Phoenix Property International Ltd
Notes to the Accounts
for the year ended 28 February 2023
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).