Registered number
13523643
Phoenix Manor Ltd
Filleted Accounts
31 July 2024
Phoenix Manor Ltd
Registered number: 13523643
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100 150
Investments 4 736,577 736,577
736,677 736,727
Current assets
Cash at bank and in hand 20,572 20,613
Creditors: amounts falling due within one year 5 (3,008) (250)
Net current assets 17,564 20,363
Total assets less current liabilities 754,241 757,090
Creditors: amounts falling due after more than one year 6 (730,059) (754,435)
Net assets 24,182 2,655
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,082 2,555
Shareholders' funds 24,182 2,655
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Ward
Director
Approved by the board on 13 March 2025
Phoenix Manor Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 250
At 31 July 2024 250
Depreciation
At 1 August 2023 100
Charge for the year 50
At 31 July 2024 150
Net book value
At 31 July 2024 100
At 31 July 2023 150
4 Investments
Other
investments
£
Cost
At 1 August 2023 736,577
At 31 July 2024 736,577
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,758 -
Other creditors 250 250
3,008 250
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 522,240 522,240
Other creditors 207,819 232,195
730,059 754,435
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 522,240 522,240
The loans are mortgages and secured by the investment properties declareed on the balance sheet.
8 Other information
Phoenix Manor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
126 Stanley Avenue
Romford
RM2 5DA
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