Company No:
Contents
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 |
Note | 30.06.2024 | 31.03.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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0 | 1,010 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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41,638 | 30,398 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (246) | 1,361 | ||
Total assets less current liabilities | (246) | 2,371 | ||
Provision for liabilities | 6 |
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Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
The financial statements of Phene Ltd (registered number:
H G A Stevens
Director |
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.
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.
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.
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.
Plant and machinery etc. |
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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.
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.
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.
Period from 01.04.2023 to 30.06.2024 |
Year ended 31.03.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2023 |
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Disposals | (
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At 30 June 2024 |
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Accumulated depreciation | |||
At 01 April 2023 |
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Charge for the financial period |
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Disposals | (
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At 30 June 2024 |
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Net book value | |||
At 30 June 2024 |
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At 31 March 2023 |
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30.06.2024 | 31.03.2023 | ||
£ | £ | ||
Trade debtors |
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30.06.2024 | 31.03.2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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30.06.2024 | 31.03.2023 | ||
£ | £ | ||
At the beginning of financial period/year | (
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Credited/(charged) to the Statement of Income and Retained Earnings |
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At the end of financial period/year |
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(
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30.06.2024 | 31.03.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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2 | 2 |