Company Registration No. 10223082 (England and Wales)
PHOENIX HOUSE (NEWCASTLE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
PHOENIX HOUSE (NEWCASTLE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PHOENIX HOUSE (NEWCASTLE) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible fixed assets
3
28,180
28,180
Current assets
Debtors
4
1
1
Creditors: amounts falling due within one year
5
(28,180)
(28,180)
Net current liabilities
(28,179)
(28,179)
Total assets less current liabilities
1
1
Capital and reserves
Called up share capital
6
1
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 January 2025 and are signed on its behalf by:
Dr B Dorani
Mr J Barker
Director
Director
Company Registration No. 10223082
PHOENIX HOUSE (NEWCASTLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Phoenix House (Newcastle) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Highfield Causey Way, Hexham, Northumberland, England, NE46 2JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land is not depreciated.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

PHOENIX HOUSE (NEWCASTLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Total
5
4
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 May 2023 and 30 April 2024
28,180
Depreciation and impairment
At 1 May 2023 and 30 April 2024
-
0
Carrying amount
At 30 April 2024
28,180
At 30 April 2023
28,180
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1
1
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
28,180
28,180
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and not fully paid
Ordinary shares of 3.3333p each
1
1

All 30 ordinary shares with a nominal value of 3.3333p each remain unpaid at the year end.

PHOENIX HOUSE (NEWCASTLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts owed to related parties
£
£
Directors
25,592
25,592

There are no set terms as to repayment of this balance and no interest accruing thereon.

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