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REGISTERED NUMBER: 08677631 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

DRAGON PHOENIX PUBS LIMITED

DRAGON PHOENIX PUBS LIMITED (REGISTERED NUMBER: 08677631)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAGON PHOENIX PUBS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: H C K Wong





SECRETARY:





REGISTERED OFFICE: 1F The George Hotel
65 Broad Street
Chipping Sodbury
South Gloucester
BS37 6AD





REGISTERED NUMBER: 08677631 (England and Wales)






DRAGON PHOENIX PUBS LIMITED (REGISTERED NUMBER: 08677631)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 420,447 435,525

CURRENT ASSETS
Stocks 24,826 31,226
Debtors 5 40,000 27,692
Cash at bank and in hand 5,220 8,009
70,046 66,927
CREDITORS
Amounts falling due within one year 6 570,791 157,446
NET CURRENT LIABILITIES (500,745 ) (90,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,298

)

345,006

CREDITORS
Amounts falling due after more than one year 7 - 367,738
NET LIABILITIES (80,298 ) (22,732 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (80,301 ) (22,735 )
SHAREHOLDERS' FUNDS (80,298 ) (22,732 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DRAGON PHOENIX PUBS LIMITED (REGISTERED NUMBER: 08677631)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





H C K Wong - Director


DRAGON PHOENIX PUBS LIMITED (REGISTERED NUMBER: 08677631)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Dragon Phoenix Pubs 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

DRAGON PHOENIX PUBS LIMITED (REGISTERED NUMBER: 08677631)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 375,000 47,010 77,887 248 500,145
DEPRECIATION
At 1 November 2022 - 10,194 54,337 89 64,620
Charge for year - 6,648 8,410 20 15,078
At 31 October 2023 - 16,842 62,747 109 79,698
NET BOOK VALUE
At 31 October 2023 375,000 30,168 15,140 139 420,447
At 31 October 2022 375,000 36,816 23,550 159 435,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 40,000 27,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 362,541 -
Trade creditors 6,491 8,120
Social security and other taxes 41,178 355
VAT 7,617 9,335
Other creditors 10,379 10,122
Associate company accounts 20,920 27,760
Directors' current accounts 113,865 93,954
Accrued expenses 7,800 7,800
570,791 157,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans more 5 yr by instal - 367,738

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 367,738