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REGISTERED NUMBER: 12838596 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PHOENIX TAVERN (KENT) LIMITED

PHOENIX TAVERN (KENT) LIMITED (REGISTERED NUMBER: 12838596)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHOENIX TAVERN (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr A Atkins
Mrs K Sharrock





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 12838596 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PHOENIX TAVERN (KENT) LIMITED (REGISTERED NUMBER: 12838596)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,656 28,956

CURRENT ASSETS
Stocks 5 12,750 11,854
Cash at bank 3,804 8,098
16,554 19,952
CREDITORS
Amounts falling due within one year 6 131,657 85,352
NET CURRENT LIABILITIES (115,103 ) (65,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,447

)

(36,444

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (88,449 ) (36,446 )
SHAREHOLDERS' FUNDS (88,447 ) (36,444 )

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

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

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




Mrs K Sharrock - Director


PHOENIX TAVERN (KENT) LIMITED (REGISTERED NUMBER: 12838596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Phoenix Tavern (Kent) 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.
Catering equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 Profit and loss account, 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.

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 17 (2022 - 27 ) .

PHOENIX TAVERN (KENT) LIMITED (REGISTERED NUMBER: 12838596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Catering and
equipment fittings Totals
£ £ £
COST
At 1 October 2022 32,494 10,108 42,602
Additions 3,906 - 3,906
At 30 September 2023 36,400 10,108 46,508
DEPRECIATION
At 1 October 2022 10,014 3,632 13,646
Charge for year 4,911 1,295 6,206
At 30 September 2023 14,925 4,927 19,852
NET BOOK VALUE
At 30 September 2023 21,475 5,181 26,656
At 30 September 2022 22,480 6,476 28,956

5. STOCKS
2023 2022
£ £
Stocks 12,750 11,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 25,871 -
Trade creditors 8,500 -
Social security and other taxes 7,555 3,713
VAT 18,453 14,894
Directors' current accounts 69,333 57,640
Deferred income - 1,347
Accrued expenses 1,945 7,758
131,657 85,352

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors, between themselves, hold the entire share capital of the company.

PHOENIX TAVERN (KENT) LIMITED (REGISTERED NUMBER: 12838596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. GOING CONCERN

These accounts have been prepared on a going concern basis; this is despite the balance sheet showing net liabilities amounting to £88,447 (2022: £36,444). The directors have confirmed their continued support and have agreed to defer any repayment of their director's loan accounts until such time as the company is able to repay it without compromising the working capital requirements.