Silverfin false true 31/05/2024 01/06/2023 31/05/2024 Alfred Nigel De Quervain Colley 15/02/2021 E M De Quervain Jahn 15/02/2021 13 February 2025 no description of principal activity 01777902 2024-05-31 01777902 bus:Director1 2024-05-31 01777902 bus:Director2 2024-05-31 01777902 2023-05-31 01777902 core:CurrentFinancialInstruments 2024-05-31 01777902 core:CurrentFinancialInstruments 2023-05-31 01777902 core:ShareCapital 2024-05-31 01777902 core:ShareCapital 2023-05-31 01777902 core:RetainedEarningsAccumulatedLosses 2024-05-31 01777902 core:RetainedEarningsAccumulatedLosses 2023-05-31 01777902 2023-06-01 2024-05-31 01777902 bus:FilletedAccounts 2023-06-01 2024-05-31 01777902 bus:SmallEntities 2023-06-01 2024-05-31 01777902 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01777902 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01777902 bus:Director1 2023-06-01 2024-05-31 01777902 bus:Director2 2023-06-01 2024-05-31 01777902 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 01777902 (England and Wales)

PHASEWAY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

PHASEWAY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

PHASEWAY LIMITED

BALANCE SHEET

As at 31 May 2024
PHASEWAY LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
2024 2023
£ £
Fixed assets
Tangible assets 1,013 1,013
1,013 1,013
Current assets
Cash at bank and in hand 96 96
96 96
Creditors: amounts falling due within one year ( 21,746) ( 21,746)
Net current liabilities (21,650) (21,650)
Total assets less current liabilities (20,637) (20,637)
Net liabilities ( 20,637) ( 20,637)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 20,737 ) ( 20,737 )
Total shareholders' deficit ( 20,637) ( 20,637)

Phaseway Limited (registered number: 01777902) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Phaseway Limited (registered number: 01777902) were approved and authorised for issue by the Board of Directors on 13 February 2025. They were signed on its behalf by:

Alfred Nigel De Quervain Colley
Director
PHASEWAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
PHASEWAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Phaseway Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2