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REGISTERED NUMBER: 08306303 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Phasera Limited

Phasera Limited (Registered number: 08306303)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Phasera Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P Hendley





REGISTERED OFFICE: 7 Kenilworth Avenue
Bracknell
Berkshire
RG12 2JJ





REGISTERED NUMBER: 08306303 (England and Wales)





ACCOUNTANTS: Caroola Accountancy Limited
840 Ibis Court
Centre Park Square
Warrington
WA1 1RL

Phasera Limited (Registered number: 08306303)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,194 7,231
Investments 5 632,635 390,784
634,829 398,015

CURRENT ASSETS
Debtors 6 17,777 1,986
Cash at bank 153,455 384,591
171,232 386,577
CREDITORS
Amounts falling due within one year 7 4,811 7,902
NET CURRENT ASSETS 166,421 378,675
TOTAL ASSETS LESS CURRENT LIABILITIES 801,250 776,690

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 123,621 94,204
Retained earnings 8 677,529 682,386
801,250 776,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 April 2024 and were signed by:





P Hendley - Director


Phasera Limited (Registered number: 08306303)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Phasera 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 50% on reducing balance
Computer equipment - 50% on reducing balance

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.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 46,567
Disposals (4,780 )
At 30 November 2023 41,787
DEPRECIATION
At 1 December 2022 39,336
Charge for year 4,605
Eliminated on disposal (4,348 )
At 30 November 2023 39,593
NET BOOK VALUE
At 30 November 2023 2,194
At 30 November 2022 7,231

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 December 2022 390,784
Additions 241,523
Disposals (29,089 )
Revaluations 29,417
At 30 November 2023 632,635
NET BOOK VALUE
At 30 November 2023 632,635
At 30 November 2022 390,784

Cost or valuation at 30 November 2023 is represented by:

Listed
investments
£   
Valuation in 2021 59,837
Valuation in 2022 (42,274 )
Valuation in 2023 29,417
Cost 585,655
632,635

Phasera Limited (Registered number: 08306303)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 13,361 -
Other debtors 3,510 1,456
VAT 559 530
Prepayments 347 -
17,777 1,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 15 181
Tax (17 ) -
Directors' current accounts 4,800 7,721
Accrued expenses 13 -
4,811 7,902

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 682,386 94,204 776,590
Deficit for the year (4,857 ) - (4,857 )
Revaluation - 29,417 29,417
At 30 November 2023 677,529 123,621 801,150