1 November 2023 false No description of principal activity Taxfiler 2024.6 11602449business:PrivateLimitedCompanyLtd2023-11-012024-10-31 116024492023-10-31 116024492023-11-012024-10-31 11602449business:AuditExemptWithAccountantsReport2023-11-012024-10-31 11602449business:FilletedAccounts2023-11-012024-10-31 116024492024-10-31 11602449business:Director12023-11-012024-10-31 11602449business:RegisteredOffice2023-11-012024-10-31 116024492023-10-31 11602449core:WithinOneYear2024-10-31 11602449core:WithinOneYear2023-10-31 11602449core:AfterOneYear2024-10-31 11602449core:AfterOneYear2023-10-31 11602449countries:EnglandWales2023-11-012024-10-31 116024492022-11-012023-10-31 11602449business:Micro-entities2023-11-012024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11602449 (England and Wales)
PHASE 2 GROWTH LTD Unaudited accounts for the year ended 31 October 2024
PHASE 2 GROWTH LTD Annual report and unaudited accounts for the year ended 31 October 2024
CONTENTS
PAGE
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PHASE 2 GROWTH LTD Company Information for the year ended 31 October 2024
Director
Elliot Zissman
Company Number
11602449 (England and Wales)
Registered Office
128 CITY ROAD LONDON EC1V 2NX UNITED KINGDOM
Accountants
Smart Accounting & Finance Services LLP 128 City Road London EC1V 2NX
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PHASE 2 GROWTH LTD Statement of Financial Position as at 31 October 2024
2024 
2023 
£ 
£ 
Fixed assets
332 
674 
Current assets
79,621 
119,260 
Prepayments and accrued income
- 
14,400 
Creditors: amounts falling due within one year
(132,183)
(117,465)
Net current (liabilities)/assets
(52,562)
16,195 
Total assets less current liabilities
(52,230)
16,869 
Creditors: amounts falling due after more than one year
(49,587)
(48,920)
Accruals and deferred income
(2,500)
(15,180)
Net liabilities
(104,317)
(47,231)
Capital and reserves
(104,317)
(47,231)
NOTES TO THE ACCOUNTS
1 Statutory information
PHASE 2 GROWTH LTD is a private company, limited by shares, registered in England and Wales, registration number 11602449. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2 Director's advances, credit and guarantees
Throughout the period, the company operated a loan account with Mr. Zissman, a director and shareholder. As of year-end, Mr. Zissman owed the company £71,413 (previous year: £82,558) . During the period, Mr. Zissman withdrew £51,494 and introduced £62,639. Interest is charged at HMRC’s official rate, and the loan is repayable on demand.
Advances given to directors are repayable on demand, and interest is charged at the prescribed HMRC beneficial loan interest rates.
3 Average number of employees
During the year the average number of employees was 3 (2023: 2).
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PHASE 2 GROWTH LTD Statement of Financial Position as at 31 October 2024 (continued)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 22 July 2025
Elliot Zissman Director Company Registration No. 11602449
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