Registered number
05642924
Phoenix Exeter Limited
Unaudited Filleted Accounts
31 December 2024
Phoenix Exeter Limited
Registered number: 05642924
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 165,817 163,317
Cash at bank and in hand 364 3,150
166,181 166,467
Creditors: amounts falling due within one year 4 (187) (269)
Net current assets 165,994 166,198
Net assets 165,994 166,198
Capital and reserves
Called up share capital 200 200
Share premium 900 900
Profit and loss account 164,894 165,098
Shareholders' funds 165,994 166,198
The director is 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 director acknowledges his 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 R Budden
Director
Approved by the board on 17 June 2025
Phoenix Exeter Limited
Notes to the Accounts
for the year ended 31 December 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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Debtors/creditors
Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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 1 1
3 Debtors 2024 2023
£ £
Other debtors 165,817 163,317
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 187 269
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest free, repayable on demand 4,000 - (4,000) -
4,000 - (4,000) -
6 Related party transactions
In the year, there were intercompany loans from/ (to) the following related close companies controlled by the director:
2024 2023
£ £
Premierline Management Ltd 165,817 159,317
165,817 159,317
7 Other information
Phoenix Exeter Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Sandpiper Court
Harrington Lane
Exeter
Devon
EX4 8NS
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