34 37 Phoenix Property Maintenance Limited 09979766 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property maintenance Digita Accounts Production Advanced 6.30.9574.0 true 09979766 2023-04-01 2024-03-31 09979766 2024-03-31 09979766 bus:OrdinaryShareClass1 2024-03-31 09979766 core:RetainedEarningsAccumulatedLosses 2024-03-31 09979766 core:ShareCapital 2024-03-31 09979766 core:CurrentFinancialInstruments 2024-03-31 09979766 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09979766 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09979766 core:FurnitureFittingsToolsEquipment 2024-03-31 09979766 core:LandBuildings 2024-03-31 09979766 core:MotorVehicles 2024-03-31 09979766 bus:SmallEntities 2023-04-01 2024-03-31 09979766 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09979766 bus:AbridgedAccounts 2023-04-01 2024-03-31 09979766 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09979766 bus:RegisteredOffice 2023-04-01 2024-03-31 09979766 bus:Director1 2023-04-01 2024-03-31 09979766 bus:Director2 2023-04-01 2024-03-31 09979766 bus:Director3 2023-04-01 2024-03-31 09979766 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09979766 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09979766 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09979766 core:ShareCapital 2023-04-01 2024-03-31 09979766 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09979766 core:LandBuildings 2023-04-01 2024-03-31 09979766 core:MotorVehicles 2023-04-01 2024-03-31 09979766 countries:England 2023-04-01 2024-03-31 09979766 2023-03-31 09979766 core:RetainedEarningsAccumulatedLosses 2023-03-31 09979766 core:ShareCapital 2023-03-31 09979766 core:FurnitureFittingsToolsEquipment 2023-03-31 09979766 core:LandBuildings 2023-03-31 09979766 core:MotorVehicles 2023-03-31 09979766 2022-04-01 2023-03-31 09979766 2023-03-31 09979766 bus:OrdinaryShareClass1 2023-03-31 09979766 core:CurrentFinancialInstruments 2023-03-31 09979766 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09979766 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09979766 core:FurnitureFittingsToolsEquipment 2023-03-31 09979766 core:LandBuildings 2023-03-31 09979766 core:MotorVehicles 2023-03-31 09979766 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09979766 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09979766 core:ShareCapital 2022-04-01 2023-03-31 09979766 2022-03-31 09979766 core:RetainedEarningsAccumulatedLosses 2022-03-31 09979766 core:ShareCapital 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09979766

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Abridged Financial Statements

6 to 10

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Company Information

Directors

Adam Rose

Aaron Jackson

Leigh Crump

Registered office

Unit F1
Roman Hill Business Park
Broadmayne
Dorchester
Dorset
DT2 8LY

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the abridged financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Adam Rose

Aaron Jackson

Leigh Crump

Principal activity

The principal activity of the company is property maintenance

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
Adam Rose
Director

.........................................
Aaron Jackson
Director

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

(Registration number: 09979766)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

212,888

213,064

Current assets

 

Stocks

6

215,571

97,942

Debtors

7

519,942

507,160

Cash at bank and in hand

 

236,377

247,420

 

971,890

852,522

Creditors: Amounts falling due within one year

(503,618)

(478,153)

Net current assets

 

468,272

374,369

Total assets less current liabilities

 

681,160

587,433

Creditors: Amounts falling due after more than one year

(101,527)

(120,624)

Accruals and deferred income

 

(1,750)

(2,500)

Net assets

 

577,883

464,309

Capital and reserves

 

Called up share capital

8

90

90

Retained earnings

577,793

464,219

Shareholders' funds

 

577,883

464,309

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

(Registration number: 09979766)
Abridged Balance Sheet as at 31 March 2024

.........................................
Adam Rose
Director

.........................................
Aaron Jackson
Director

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

90

464,218

464,308

Profit for the year

-

330,700

330,700

Dividends

-

(217,125)

(217,125)

At 31 March 2024

90

577,793

577,883

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

90

334,455

334,545

Profit for the year

-

270,764

270,764

Dividends

-

(141,000)

(141,000)

At 31 March 2023

90

464,219

464,309

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit F1
Roman Hill Business Park
Broadmayne
Dorchester
Dorset
DT2 8LY

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

3% straight line basis

Motor vehicles

25% reducing balance basis

Furniture, fittings and equipment

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 37).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

18,956

19,091

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

153,105

14,776

137,331

305,212

Additions

-

1,580

20,950

22,530

Disposals

-

-

(6,667)

(6,667)

At 31 March 2024

153,105

16,356

151,614

321,075

Depreciation

At 1 April 2023

-

6,700

85,448

92,148

Charge for the year

-

1,685

17,271

18,956

Eliminated on disposal

-

-

(2,917)

(2,917)

At 31 March 2024

-

8,385

99,802

108,187

Carrying amount

At 31 March 2024

153,105

7,971

51,812

212,888

At 31 March 2023

153,105

8,076

51,883

213,064

Included within the net book value of land and buildings above is £153,105 (2023 - £153,105) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Work in progress

215,571

97,942

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

Phoenix Property Maintenance Limited

trading as Phoenix Property Maintenance

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

90

90

90

90

       

9

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £2,412.50 (2023 - £1,566.67) per each Ordinary

217,125

141,000

 

 

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

113,712

77,484

Contributions paid to money purchase schemes

16,200

-

129,912

77,484