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REGISTERED NUMBER: 04396760 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PHOENIX 7 LIMITED

PHOENIX 7 LIMITED (REGISTERED NUMBER: 04396760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PHOENIX 7 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr C M Hacon
Mr F Mitha
Mr H Vekaria
Mr J M Townley
Mr J Palfrey





SECRETARY: Mr C M Hacon





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 04396760 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

PHOENIX 7 LIMITED (REGISTERED NUMBER: 04396760)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,857 3,331
Investments 5 1 1
1,858 3,332

CURRENT ASSETS
Debtors 6 270,565 310,986
Cash at bank 325,306 325,336
595,871 636,322
CREDITORS
Amounts falling due within one year 7 170,726 159,444
NET CURRENT ASSETS 425,145 476,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,003

480,210

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 426,996 480,203
SHAREHOLDERS' FUNDS 427,003 480,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




Mr C M Hacon - Director



Mr H Vekaria - Director


PHOENIX 7 LIMITED (REGISTERED NUMBER: 04396760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Phoenix 7 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services rendered, excluding value added tax..

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 - 33.33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 72,268
Disposals (61,360 )
At 31 July 2024 10,908
DEPRECIATION
At 1 August 2023 68,937
Charge for year 619
Eliminated on disposal (60,505 )
At 31 July 2024 9,051
NET BOOK VALUE
At 31 July 2024 1,857
At 31 July 2023 3,331

PHOENIX 7 LIMITED (REGISTERED NUMBER: 04396760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2023
and 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,885 207,098
Amounts owed by group undertakings 5,237 5,237
Other debtors 41,443 98,651
270,565 310,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,196 83,084
Taxation and social security 84,165 48,224
Other creditors 51,365 28,136
170,726 159,444

8. RENT DEPOSIT DEED

There was a Rent Deposit Deed dated 14 October 2010 made between the company and the landlord, which gives the landlord the first fixed charge on the Deposit Account.