Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10509161 2023-01-01 2023-12-31 10509161 2022-01-01 2022-12-31 10509161 2023-12-31 10509161 2022-12-31 10509161 c:Director1 2023-01-01 2023-12-31 10509161 c:Director2 2023-01-01 2023-12-31 10509161 c:RegisteredOffice 2023-01-01 2023-12-31 10509161 d:LeaseholdInvestmentProperty 2023-01-01 2023-12-31 10509161 d:LeaseholdInvestmentProperty 2023-12-31 10509161 d:LeaseholdInvestmentProperty 2022-12-31 10509161 d:LeaseholdInvestmentProperty 2 2023-01-01 2023-12-31 10509161 d:CurrentFinancialInstruments 2023-12-31 10509161 d:CurrentFinancialInstruments 2022-12-31 10509161 d:Non-currentFinancialInstruments 2023-12-31 10509161 d:Non-currentFinancialInstruments 2022-12-31 10509161 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10509161 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10509161 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10509161 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10509161 d:ShareCapital 2023-12-31 10509161 d:ShareCapital 2022-12-31 10509161 d:RetainedEarningsAccumulatedLosses 2023-12-31 10509161 d:RetainedEarningsAccumulatedLosses 2022-12-31 10509161 c:FRS102 2023-01-01 2023-12-31 10509161 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10509161 c:FullAccounts 2023-01-01 2023-12-31 10509161 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10509161 2 2023-01-01 2023-12-31 10509161 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 10509161







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED






































img03cb.png                        

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
P J Churchill 
G Churchill 




Registered number
10509161



Registered office
51 Leigh Hill Road

Cobham

Surrey

KT11 2HU




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
REGISTERED NUMBER:10509161



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,314,500
1,160,000

  
1,314,500
1,160,000

Current assets
  

Debtors: amounts falling due within one year
 5 
39,378
22,256

Cash at bank and in hand
  
4,255
171,082

  
43,633
193,338

Creditors: amounts falling due within one year
 6 
(457,643)
(561,856)

Net current liabilities
  
 
 
(414,010)
 
 
(368,518)

Total assets less current liabilities
  
900,490
791,482

Creditors: amounts falling due after more than one year
 7 
(753,810)
(522,426)

Provisions for liabilities
  

Deferred tax
  
-
(23,758)

  
 
 
-
 
 
(23,758)

Net assets
  
146,680
245,298

Page 1

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
REGISTERED NUMBER:10509161


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
4
4

Profit and loss account
  
146,676
245,294

  
146,680
245,298


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



P J Churchill
Director
Date: 2 December 2024

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Phoenix Residential Developments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue consists of rental income and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in profit or loss.

Page 3

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Short term leasehold investment property

£



Valuation


At 1 January 2023
1,160,000


Additions at cost
298,613


Deficit on revaluation 
(144,113)



At 31 December 2023
1,314,500

The 2023 valuations were made by the director, on an open market value for existing use basis.




5.


Debtors

2023
2022
£
£


Other debtors
19,882
16,282

Prepayments and accrued income
3,684
5,974

Deferred taxation
15,812
-

39,378
22,256


Page 4

 


PHOENIX RESIDENTIAL DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,121
9,871

Trade creditors
414
390

Corporation tax
24,268
30,125

Other creditors
307,448
427,978

Accruals and deferred income
115,392
93,492

457,643
561,856



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
753,810
522,426

753,810
522,426


Bank loans included within creditors: amounts falling due after more than one year of £738,190 (2022: £496,693) are secured against the assets to which they relate.


8.


Transactions with directors

Included within other creditors are the following transactions with the directors: 


2023
2022
£
£

Balance outstanding at start of year
427,978
379,051
Amounts advanced
(297,180)
(88,140)
Amounts repaid
176,650
137,067
Balance outstanding at end of year
307,448
427,978

Interest accrues at a rate of 5% p.a. For the year ended 31 December 2023 interest of £20,460 (2022 - £17,920) has been accrued but not yet paid. The loan is repayable on demand.
 
Page 5