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REGISTERED NUMBER: 11753335 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PHENIX PROPERTY SOLUTIONS LTD

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHENIX PROPERTY SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M L Williams
Miss D F P Thevenet





SECRETARY:





REGISTERED OFFICE: 73b Stacey Road
Cardiff
South Glamorgan
CF24 1DT





REGISTERED NUMBER: 11753335 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,778 141,778

CURRENT ASSETS
Debtors 5 6,609 -
Cash at bank 39,754 66,958
46,363 66,958
CREDITORS
Amounts falling due within one year 6 8,728 39,932
NET CURRENT ASSETS 37,635 27,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,413

168,804

CREDITORS
Amounts falling due after more than one
year

7

115,339

117,949
NET ASSETS 64,074 50,855

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 64,072 50,853
64,074 50,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 13 May 2024 and were signed on its behalf by:





M L Williams - Director


PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Phenix Property Solutions Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2023
and 31 January 2024 141,778
NET BOOK VALUE
At 31 January 2024 141,778
At 31 January 2023 141,778

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,609 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,570 12,215
Directors' loan accounts 4,199 26,817
Accrued expenses 959 900
8,728 39,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 115,339 117,949

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 97,500 97,500

Repayable by instalments
Bank loans more 5 yr by instal 17,839 20,449

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 97,500 97,500

Repayable by instalments
Bank loans more 5 yr by instal 17,839 20,449

PHENIX PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 11753335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
M L Williams
Balance outstanding at start of year 18,812 23,057
Amounts advanced 11,287 6,756
Amounts repaid (25,900 ) (11,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,199 18,812

Miss D F P Thevenet
Balance outstanding at start of year 8,004 12,249
Amounts advanced 11,287 6,756
Amounts repaid (25,900 ) (11,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,609 ) 8,004