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REGISTERED NUMBER: 07027751 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29TH FEBRUARY 2024

FOR

PHOENIX ESTATE AGENTS (EAST) LIMITED

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,476 4,635
3,476 4,635

CURRENT ASSETS
Debtors 6 11,712 11,832
Cash at bank 23,645 42,581
35,357 54,413
CREDITORS
Amounts falling due within one year 7 27,412 31,344
NET CURRENT ASSETS 7,945 23,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,421

27,704

CREDITORS
Amounts falling due after more than one year 8 7,091 12,271
NET ASSETS 4,330 15,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,230 15,333
4,330 15,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:




Mrs J A Sutton - Director


PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Phoenix Estate Agents (East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07027751

Registered office: Victoria House
Lowside
Outwell
Wisbech
Cambridgeshire
PE14 8RE

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 10,000
AMORTISATION
At 1st March 2023
and 29th February 2024 10,000
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 32,042
DEPRECIATION
At 1st March 2023 27,407
Charge for year 1,159
At 29th February 2024 28,566
NET BOOK VALUE
At 29th February 2024 3,476
At 28th February 2023 4,635

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 120
Other debtors 11,712 11,712
11,712 11,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,053 5,053
Trade creditors 327 1,997
Taxation and social security 9,126 1,949
Other creditors 12,906 22,345
27,412 31,344

PHOENIX ESTATE AGENTS (EAST) LIMITED (REGISTERED NUMBER: 07027751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,091 12,271