Phoenix Court(Kingsclere) Limited 02062653 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of maintenance at Phoenix Court, Kingsclere on behalf of the residents Digita Accounts Production Advanced 6.30.9574.0 true true 02062653 2023-04-01 2024-03-31 02062653 2024-03-31 02062653 bus:OrdinaryShareClass1 2024-03-31 02062653 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02062653 bus:SmallEntities 2023-04-01 2024-03-31 02062653 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02062653 bus:FilletedAccounts 2023-04-01 2024-03-31 02062653 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02062653 bus:RegisteredOffice 2023-04-01 2024-03-31 02062653 bus:CompanySecretary1 2023-04-01 2024-03-31 02062653 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02062653 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02062653 countries:AllCountries 2023-04-01 2024-03-31 02062653 2022-04-01 2023-03-31 02062653 2023-03-31 02062653 bus:OrdinaryShareClass1 2023-03-31 02062653 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02062653

Phoenix Court(Kingsclere) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Phoenix Court(Kingsclere) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Phoenix Court(Kingsclere) Limited

Company Information

Company secretary

J R Firth

Ms Jaynie Fowles

Registered office

2 Phoenix Court
Kingsclere
Newbury
RG20 5PH

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Phoenix Court(Kingsclere) Limited

(Registration number: 02062653)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

50

50

Current assets

 

Cash at bank and in hand

 

1,287

681

Creditors: Amounts falling due within one year

(270)

(270)

Net current assets

 

1,017

411

Net assets

 

1,067

461

Capital and reserves

 

Called up share capital

3

8

8

Revaluation reserve

50

50

Retained earnings

1,009

403

Shareholders' funds

 

1,067

461

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 21 October 2024
 

.........................................
J R Firth
Company secretary

 

Phoenix Court(Kingsclere) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Phoenix Court(Kingsclere) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

3

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

8

8

8

8