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Registered Number: 08306303
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 November 2024

for

PHASERA LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 7,135    2,194 
Financial assets 3 758,104    632,635 
765,239    634,829 
Current assets
Debtors 4 20,906    17,778 
Cash at bank and in hand 152,112    153,455 
173,018    171,233 
Creditors: amount falling due within one year 5 (8,746)   (4,799)
Net current assets/(liabilities) 164,272    166,434 
 
Total assets less current liabilities 929,511    801,263 
Accrued liabilities (34)   (13)
Net assets/(liabilities) 929,477    801,250 
 

Capital and reserves
Called up share capital 100    100 
Reserves 6 238,230    123,621 
Profit and loss account 691,147    677,529 
Shareholders fund 929,477    801,250 
 
For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. 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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Paul Hendley
Director

Date approved: 24 June 2025
1
Statutory Information
PHASERA LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08306303, registered office 7 Kenilworth Avenue, Bracknell, Berkshire, RG12 2JJ, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
PHASERA LIMITED
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Tangible fixed assets

Cost or Valuation   Fixtures and Fittings   Computer Equipment   Total
    £   £   £
At 01 December 2023   14,323    27,464    41,787 
Additions   1,170    6,149    7,319 
At 30 November 2024   15,493    33,613    49,106 
Depreciation
At 01 December 2023   14,179    25,414    39,593 
Charge for year   328    2,050    2,378 
At 30 November 2024   14,507    27,464    41,971 
Net book values
Closing balance as at 30 November 2024   986    6,149    7,135 
Opening balance as at 01 December 2023   144    2,050    2,194 

3.

Financial assets

Cost or Valuation   Other investments not loans - listed   Total
    £   £
At 01 December 2023   603,218    603,218 
Additions   90,540    90,540 
Disposals   (80,730)   (80,730)
Revaluations   145,076    145,076 
At 30 November 2024   758,104    758,104 
Depreciation
At 01 December 2023    
At 30 November 2024    
Net book values
At 30 November 2024   758,104    758,104 
At 01 December 2023   603,218    603,218 
4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 13,110    13,361 
Other debtors 6,104    3,494 
Prepayments 324    347 
Corporation tax 17    17 
VAT 1,351    559 
20,906    17,778 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Directors' current account 8,746    4,784 
Bank Account: Phasera HSBC Business Credit card   15 
8,746    4,799 
6.

Reserves

2024
£
  2023
£
Revaluation reserves 238,230    123,621 
238,230    123,621 
7.

Average number of employees

Average number of employees during the year was 1 (2023: 1).
2