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Registered number: 13719848
Prime Phenix Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Prime Phenix Real Estate Ltd for the year ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prime Phenix Real Estate Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Prime Phenix Real Estate Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Prime Phenix Real Estate Ltd and state those matters that we have agreed to state to the director of Prime Phenix Real Estate Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prime Phenix Real Estate Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Prime Phenix Real Estate Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prime Phenix Real Estate Ltd . You consider that Prime Phenix Real Estate Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prime Phenix Real Estate Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting & Tax Ltd
27 November 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 13719848
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,835,276 -
1,835,276 -
CURRENT ASSETS
Cash at bank and in hand 100 100
100 100
Creditors: Amounts Falling Due Within One Year 5 (1,540 ) (540 )
NET CURRENT ASSETS (LIABILITIES) (1,440 ) (440 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,833,836 (440 )
Creditors: Amounts Falling Due After More Than One Year 6 (1,915,650 ) -
NET LIABILITIES (81,814 ) (440 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (81,914 ) (540 )
SHAREHOLDERS' FUNDS (81,814) (440)
Page 2
Page 3
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Amir Naghsh
Director
27 November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Prime Phenix Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13719848 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
30 November 2023
£
Fair Value
As at 1 December 2022 -
Additions 1,835,276
As at 30 November 2023 1,835,276
5. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Accruals and deferred income 1,540 540
Page 4
Page 5
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Bank loans 1,141,946 -
Amounts owed to parent undertaking 773,704 -
1,915,650 -
7. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in creditors falling due after more than one year is an amount of £773,704 owed to parent
company. The loan is interest free.
Page 5