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REGISTERED NUMBER: 07027751 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28TH FEBRUARY 2023

FOR

PHOENIX ESTATE AGENTS (EAST) LIMITED

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,635 5,240
4,635 5,240

CURRENT ASSETS
Debtors 6 11,832 13,103
Cash at bank 42,581 71,392
54,413 84,495
CREDITORS
Amounts falling due within one year 7 31,344 18,092
NET CURRENT ASSETS 23,069 66,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,704

71,643

CREDITORS
Amounts falling due after more than one
year

8

(12,271

)

(17,327

)

PROVISIONS FOR LIABILITIES - (995 )
NET ASSETS 15,433 53,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,333 53,221
15,433 53,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th November 2023 and were signed by:





Mrs J A Sutton - Director


PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

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


1. STATUTORY INFORMATION

Phoenix Estate Agents (East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07027751

Registered office: Victoria House
Lowside
Outwell
Wisbech
Cambridgeshire
PE14 8RE

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 10,000
AMORTISATION
At 1st March 2022
and 28th February 2023 10,000
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 31,102
Additions 940
At 28th February 2023 32,042
DEPRECIATION
At 1st March 2022 25,862
Charge for year 1,545
At 28th February 2023 27,407
NET BOOK VALUE
At 28th February 2023 4,635
At 28th February 2022 5,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120 2,249
Other debtors 11,712 10,854
11,832 13,103

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,053 5,050
Trade creditors 1,997 443
Taxation and social security 1,949 7,197
Other creditors 22,345 5,402
31,344 18,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,271 17,327