Silverfin false false 30/06/2024 01/04/2023 30/06/2024 R M Stevens H G A Stevens 10 October 2024 The principal activity of Phene Limited in the year under review was that of public relations and marketing services. 08065289 2024-06-30 08065289 2023-03-31 08065289 core:CurrentFinancialInstruments 2024-06-30 08065289 core:CurrentFinancialInstruments 2023-03-31 08065289 core:ShareCapital 2024-06-30 08065289 core:ShareCapital 2023-03-31 08065289 core:RetainedEarningsAccumulatedLosses 2024-06-30 08065289 core:RetainedEarningsAccumulatedLosses 2023-03-31 08065289 core:OtherPropertyPlantEquipment 2023-03-31 08065289 core:OtherPropertyPlantEquipment 2024-06-30 08065289 2022-03-31 08065289 bus:OrdinaryShareClass1 2024-06-30 08065289 bus:OrdinaryShareClass2 2024-06-30 08065289 2023-04-01 2024-06-30 08065289 bus:FilletedAccounts 2023-04-01 2024-06-30 08065289 bus:SmallEntities 2023-04-01 2024-06-30 08065289 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-06-30 08065289 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 08065289 bus:Director1 2023-04-01 2024-06-30 08065289 bus:Director2 2023-04-01 2024-06-30 08065289 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-06-30 08065289 2022-04-01 2023-03-31 08065289 core:OtherPropertyPlantEquipment 2023-04-01 2024-06-30 08065289 bus:OrdinaryShareClass1 2023-04-01 2024-06-30 08065289 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08065289 bus:OrdinaryShareClass2 2023-04-01 2024-06-30 08065289 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08065289 (England and Wales)

PHENE LTD

Unaudited Financial Statements
For the financial period from 01 April 2023 to 30 June 2024
Pages for filing with the registrar

PHENE LTD

Unaudited Financial Statements

For the financial period from 01 April 2023 to 30 June 2024

Contents

PHENE LTD

COMPANY INFORMATION

For the financial period from 01 April 2023 to 30 June 2024
PHENE LTD

COMPANY INFORMATION (continued)

For the financial period from 01 April 2023 to 30 June 2024
DIRECTORS R M Stevens
H G A Stevens
SECRETARY R M Stevens
REGISTERED OFFICE Stonecross
Trumpington High Street
CB2 9SU
Cambridge
United Kingdom
COMPANY NUMBER 08065289 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
PHENE LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
PHENE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 0 1,010
0 1,010
Current assets
Debtors 4 2,844 1,809
Cash at bank and in hand 38,794 28,589
41,638 30,398
Creditors: amounts falling due within one year 5 ( 41,884) ( 29,037)
Net current (liabilities)/assets (246) 1,361
Total assets less current liabilities (246) 2,371
Provision for liabilities 6 0 ( 253)
Net (liabilities)/assets ( 246) 2,118
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 248 ) 2,116
Total shareholders' (deficit)/funds ( 246) 2,118

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Phene Ltd (registered number: 08065289) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

H G A Stevens
Director
PHENE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 June 2024
PHENE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Phene Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stonecross, Trumpington High Street, CB2 9SU, Cambridge, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Phene Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Reporting period length

The Company extended its current reporting period from 31 March 2024 to 30 June 2024 and is therefore reporting a 15 month period. The comparative period was 12 months.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, here the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

2. Employees

Period from
01.04.2023 to
30.06.2024
Year ended
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 9,979 9,979
Disposals ( 9,979) ( 9,979)
At 30 June 2024 0 0
Accumulated depreciation
At 01 April 2023 8,969 8,969
Charge for the financial period 639 639
Disposals ( 9,608) ( 9,608)
At 30 June 2024 0 0
Net book value
At 30 June 2024 0 0
At 31 March 2023 1,010 1,010

4. Debtors

30.06.2024 31.03.2023
£ £
Trade debtors 2,844 1,809

5. Creditors: amounts falling due within one year

30.06.2024 31.03.2023
£ £
Trade creditors 0 361
Taxation and social security 41,387 26,264
Other creditors 497 2,412
41,884 29,037

6. Deferred tax

30.06.2024 31.03.2023
£ £
At the beginning of financial period/year ( 253) ( 170)
Credited/(charged) to the Statement of Income and Retained Earnings 253 ( 83)
At the end of financial period/year 0 ( 253)

7. Called-up share capital

30.06.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2