Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3132023-01-01falserental of property3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11707325 2023-01-01 2023-12-31 11707325 2022-01-01 2022-12-31 11707325 2023-12-31 11707325 2022-12-31 11707325 2022-01-01 11707325 c:Director1 2023-01-01 2023-12-31 11707325 d:CurrentFinancialInstruments 2023-12-31 11707325 d:CurrentFinancialInstruments 2022-12-31 11707325 d:Non-currentFinancialInstruments 2023-12-31 11707325 d:Non-currentFinancialInstruments 2022-12-31 11707325 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11707325 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11707325 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11707325 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11707325 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11707325 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11707325 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11707325 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11707325 d:ShareCapital 2023-12-31 11707325 d:ShareCapital 2022-12-31 11707325 d:ShareCapital 2022-01-01 11707325 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11707325 d:RetainedEarningsAccumulatedLosses 2023-12-31 11707325 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11707325 d:RetainedEarningsAccumulatedLosses 2022-12-31 11707325 d:RetainedEarningsAccumulatedLosses 2022-01-01 11707325 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11707325 c:OrdinaryShareClass1 2023-12-31 11707325 c:OrdinaryShareClass1 2022-12-31 11707325 c:OrdinaryShareClass2 2023-01-01 2023-12-31 11707325 c:OrdinaryShareClass2 2023-12-31 11707325 c:OrdinaryShareClass2 2022-12-31 11707325 c:OrdinaryShareClass3 2023-01-01 2023-12-31 11707325 c:OrdinaryShareClass3 2023-12-31 11707325 c:OrdinaryShareClass3 2022-12-31 11707325 c:FRS102 2023-01-01 2023-12-31 11707325 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11707325 c:FullAccounts 2023-01-01 2023-12-31 11707325 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11707325 6 2023-01-01 2023-12-31 11707325 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11707325









PHOENIX PROPERTY INVESTMENT (2018) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
REGISTERED NUMBER: 11707325

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments

 4 

116,719
116,719

Current assets
  

Cash at bank and in hand
 5 
23,430
23,124

  
23,430
23,124

Creditors: amounts falling due within one year
 6 
(70,001)
(68,196)

Net current liabilities
  
 
 
(46,571)
 
 
(45,072)

Total assets less current liabilities
  
70,148
71,647

Creditors: amounts falling due after more than one year
 7 
(59,003)
(63,967)

  

Net assets
  
11,145
7,680


Capital and reserves
  

Called up share capital 
 9 
125
125

Profit and loss account
  
11,020
7,555

  
11,145
7,680


The directors consider 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 directors acknowledge their 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 statement of comprehensive income 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 on 20 September 2024.



Page 1

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
REGISTERED NUMBER: 11707325
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Ian D Puttee
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
125
7,555
7,680



Profit for the year
-
3,465
3,465


At 31 December 2023
125
11,020
11,145



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
125
4,754
4,879



Profit for the year
-
2,801
2,801


At 31 December 2022
125
7,555
7,680


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Phoenix Property Investments (2018) Limited is a private company limited by shares and incorporated in England and Wales.. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA.
The principal activity of the company during the year was that of rental of property. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 January 2023
116,719



At 31 December 2023

116,719





5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,430
23,124

23,430
23,124



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,143
5,143

Corporation tax
1,940
1,780

Other creditors
60,068
59,373

Accruals
2,850
1,900

70,001
68,196



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
59,003
63,967

59,003
63,967


Page 6

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,143
5,143

Amounts falling due 1-2 years

Bank loans
5,143
5,143

Amounts falling due 2-5 years

Bank loans
53,860
58,824


64,146
69,110


The bank loans are secured by fixed charge over the Investment Property to which it relates.  

Page 7

 
PHOENIX PROPERTY INVESTMENT (2018) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50
25 (2022 - 25) Ordinary C shares of £1.00 each
25
25

125

125


 
Page 8