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REGISTERED NUMBER: 04097637 (England and Wales)












Phoenix House (Manchester) Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Phoenix House (Manchester) Limited (Registered number: 04097637)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Phoenix House (Manchester) Limited

Company Information
for the Year Ended 30 June 2024







Directors: Mr E S C Blood
Mr M P Hewitt
Mr S D Merry





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 04097637 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Phoenix House (Manchester) Limited (Registered number: 04097637)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 22,439 27,247
Investment property 5 3,148,796 3,500,000
3,171,235 3,527,247

Current assets
Debtors 6 135,480 85,218
Cash at bank 126,282 133,069
261,762 218,287
Creditors
Amounts falling due within one year 7 1,047,153 1,287,802
Net current liabilities (785,391 ) (1,069,515 )
Total assets less current liabilities 2,385,844 2,457,732

Capital and reserves
Called up share capital 877,217 877,217
Non-distributable reserve 8 - 351,204
Retained earnings 8 1,508,627 1,229,311
2,385,844 2,457,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Phoenix House (Manchester) Limited (Registered number: 04097637)

Balance Sheet - continued
30 June 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 4 November 2024 and were signed on its behalf by:





Mr S D Merry - Director


Phoenix House (Manchester) Limited (Registered number: 04097637)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Phoenix House (Manchester) Limited 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Phoenix House (Manchester) Limited (Registered number: 04097637)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 32,055
Depreciation
At 1 July 2023 4,808
Charge for year 4,808
At 30 June 2024 9,616
Net book value
At 30 June 2024 22,439
At 30 June 2023 27,247

5. Investment property
Total
£   
Fair value
At 1 July 2023 3,500,000
Valuation changes (351,204 )
At 30 June 2024 3,148,796
Net book value
At 30 June 2024 3,148,796
At 30 June 2023 3,500,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 3,148,796

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 3,148,796 3,148,796

Investment property was valued on an open market basis on 30 June 2024 by the directors .

Phoenix House (Manchester) Limited (Registered number: 04097637)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors 60,732 4,936
Other debtors 74,748 80,282
135,480 85,218

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade creditors 4,834 5,421
Taxation and social security 7,363 8,995
Other creditors 1,034,956 1,273,386
1,047,153 1,287,802

8. Reserves
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 July 2023 1,229,311 351,204 1,580,515
Deficit for the year (71,888 ) (71,888 )
Transfer to non-distributable 351,204 (351,204 ) -
At 30 June 2024 1,508,627 - 1,508,627