Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01truefalsetrue3Property development3 05991401 2023-07-01 2024-06-30 05991401 2022-07-01 2023-06-30 05991401 2024-06-30 05991401 2023-06-30 05991401 c:Director1 2023-07-01 2024-06-30 05991401 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05991401 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05991401 d:ShareCapital 2024-06-30 05991401 d:ShareCapital 2023-06-30 05991401 d:RetainedEarningsAccumulatedLosses 2024-06-30 05991401 d:RetainedEarningsAccumulatedLosses 2023-06-30 05991401 c:EntityHasNeverTraded 2023-07-01 2024-06-30 05991401 c:FRS102 2023-07-01 2024-06-30 05991401 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05991401 c:FullAccounts 2023-07-01 2024-06-30 05991401 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05991401 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05991401










PHOENIX MACLEOD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PHOENIX MACLEOD LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
PHOENIX MACLEOD LIMITED
 

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
53,928
79,007

  
53,928
79,007

Creditors: amounts falling due within one year
  
(232,758)
(257,837)

Net current liabilities
  
 
 
(178,830)
 
 
(178,830)

Total assets less current liabilities
  
(178,830)
(178,830)

  

Net liabilities
  
(178,830)
(178,830)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(179,830)
(179,830)

Shareholders' deficit
  
(178,830)
(178,830)


Page 1

 
PHOENIX MACLEOD LIMITED
REGISTERED NUMBER: 05991401
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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: 




N D J Macleod
Director
Date: 30 January 2025

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

Page 2

 
PHOENIX MACLEOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales (05991401). The address of its registered office is 24 Fitzroy Square, London, W1T 6EP.

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.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis due to the directors of the company confirming that they will continue to support the company to enable it to pay its debts as they fall due and therefore continue trading as a going concern. This support will specifically be through not calling in debts due to the directors by the company for a period of at least 12 months from the date of approval of these financial statements.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.
 
Page 3

 
PHOENIX MACLEOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
PHOENIX MACLEOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
53,928
79,007



5.


Related party transactions

At the end of the year the company owed £11,025 (2023: £36,025) to the directors.
At the end of the year the company owed £166,733 (2023: £166,812) to companies with common a director.
At the end of the year the company owed £55,000 (2023: £55,000) to a close family member of the directors.
No interest is charged on any of the above balances.

Page 5