Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11 13097882 2022-03-01 2023-02-28 13097882 2020-12-23 2022-02-28 13097882 2023-02-28 13097882 2022-02-28 13097882 c:Director1 2022-03-01 2023-02-28 13097882 c:RegisteredOffice 2022-03-01 2023-02-28 13097882 d:CurrentFinancialInstruments 2023-02-28 13097882 d:CurrentFinancialInstruments 2022-02-28 13097882 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13097882 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13097882 d:ShareCapital 2023-02-28 13097882 d:ShareCapital 2022-02-28 13097882 c:FRS102 2022-03-01 2023-02-28 13097882 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13097882 c:FullAccounts 2022-03-01 2023-02-28 13097882 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13097882 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Company registration number: 13097882







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


PHX HOLDINGS LIMITED






































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PHX HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Director
Mr S K Jacobs 




Registered number
13097882



Registered office
48 Standard Way
Fareham Industrial Park

Fareham

Hampshire




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


PHX HOLDINGS LIMITED
REGISTERED NUMBER:13097882



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
190
190

  
190
190

  

Creditors: amounts falling due within one year
 5 
(90)
(90)

Net current liabilities
  
 
 
(90)
 
 
(90)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr S K Jacobs
Director

Date: 16 November 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


PHX HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

PHX Holdings Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The group position has been reviewed and on the basis that the group still qualifies as small consolidated accounts have not been prepared.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 


PHX HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
190



At 28 February 2023
190





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
90
90

90
90


 
Page 3