BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of a management consultancy to corporate clients. 20 December 2024 0 0 07741361 2024-08-31 07741361 2023-08-31 07741361 2022-08-31 07741361 2023-09-01 2024-08-31 07741361 2022-09-01 2023-08-31 07741361 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07741361 uk-curr:PoundSterling 2023-09-01 2024-08-31 07741361 uk-bus:AbridgedAccounts 2023-09-01 2024-08-31 07741361 uk-core:ShareCapital 2024-08-31 07741361 uk-core:ShareCapital 2023-08-31 07741361 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 07741361 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 07741361 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 07741361 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 07741361 uk-core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 07741361 uk-bus:FRS102 2023-09-01 2024-08-31 07741361 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07741361 2023-09-01 2024-08-31 07741361 uk-bus:Director1 2023-09-01 2024-08-31 07741361 uk-bus:Director2 2023-09-01 2024-08-31 07741361 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Phoenix Change Management Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 August 2024



Phoenix Change Management Limited
DIRECTORS' REPORT
for the financial year ended 31 August 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 August 2024.
 
Principal Activity
The principal activity of the company is that of a management consultancy to corporate clients.
     
Principal Risks and Uncertainties
The company operates solely in the United Kingdom and the Republic of Ireland, and therefore is subject to currency risks. The company's objective in relation to exchange rate management is to minimize the impact of currency rate volatility on exchange costs in order to protect recorded profitability. The company's objective in relation to interest rate management is to minimize the impact of interest rate volatility on interest costs in order to protect recorded profitability. In terms of liquidity and cash flow risk, the company's policy is to ensure that sufficient resources are available either from cash balances and cash flows to ensure all obligations can be met when they fall due.

The company's sales are exposed to fluctuations in general economic conditions in the United Kingdom and the Republic of Ireland. The company has considered the risks prevalent and are not in a position to change the emphasis of their business in response to changes in economic conditions. The company is proactive in trying to stay ahead of the competition
     
Results and Dividends
The profit for the financial year after providing for depreciation amounted to £862 (2023 - £19,419).
     
Directors
The directors who served during the financial year are as follows:
     
Rosalind Alison Villiers
William Brian Burke
   
There were no changes in shareholdings between 31 August 2024 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Indemnity Insurance
The company does not provide insurance to indemnify directors in the performance of their duties.
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
The directors made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Income Statement, the Abridged Statement of Financial Position, the Statement of Changes in Equity and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Hugh McCarthy & Associates, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 August 2024."
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________ ___________________________
Rosalind Alison Villiers William Brian Burke
Director Director
     
20 December 2024 20 December 2024



Phoenix Change Management Limited
ABRIDGED INCOME STATEMENT
for the financial year ended 31 August 2024
2024 2023
Notes £ £

Gross profit 19,320 33,124
 
Administrative expenses (18,458) (13,705)
───────── ─────────
Profit before taxation 862 19,419
 
Tax on profit - -
───────── ─────────
Profit for the financial year 862 19,419
───────── ─────────
Total comprehensive income 862 19,419
    ═════════   ═════════



Phoenix Change Management Limited
Company Registration Number: 07741361
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 August 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 3 638 1,034
───────── ─────────
 
Current Assets
Receivables 6,118 3,843
Cash and cash equivalents 303 631
───────── ─────────
6,421 4,474
───────── ─────────
Payables: amounts falling due within one year (25,293) (24,604)
───────── ─────────
Net Current Liabilities (18,872) (20,130)
───────── ─────────
Total Assets less Current Liabilities (18,234) (19,096)
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings (18,334) (19,196)
───────── ─────────
Equity attributable to owners of the company (18,234) (19,096)
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 20 December 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Rosalind Alison Villiers     William Brian Burke
Director     Director
           



Phoenix Change Management Limited
STATEMENT OF CHANGES IN EQUITY
as at 31 August 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 September 2022 100 (38,615) (38,515)
───────── ───────── ─────────
Profit for the financial year - 19,419 19,419
───────── ───────── ─────────
At 31 August 2023 100 (19,196) (19,096)
  ───────── ───────── ─────────
Profit for the financial year - 862 862
  ───────── ───────── ─────────
At 31 August 2024 100 (18,334) (18,234)
  ═════════ ═════════ ═════════



Phoenix Change Management Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
Phoenix Change Management Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 20-22 Wenlock Road, London, England which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Statement of Financial Position bank overdrafts are shown within Payables.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 September 2023 1,817 1,817
  ───────── ─────────
 
At 31 August 2024 1,817 1,817
  ───────── ─────────
Depreciation
At 1 September 2023 783 783
Charge for the financial year 396 396
  ───────── ─────────
At 31 August 2024 1,179 1,179
  ───────── ─────────
Carrying amount
At 31 August 2024 638 638
  ═════════ ═════════
At 31 August 2023 1,034 1,034
  ═════════ ═════════
       
4. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2024.
   
5. Controlling interest
 
The company is owned and controlled by its director as outlined in the Directors report.
   
6. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.