Registered number: OC306186
Unaudited financial statements
for the year ended 31 December 2024
for
Phoenix Management (totton) LLP
Pages for filing with the Registrar
Registered number: OC306186
Phoenix Management (totton) LLP
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Investment property 4 5,000,000 5,000,000
5,000,000 5,000,000
Current assets
Debtors 260,049 317,831
Cash at bank and in hand 33,313 27,576
293,362 345,407
Creditors: amounts falling due within one
year 		(1,326,931) (1,431,949)
Net current liabilities (1,033,569) (1,086,542)
Total assets less current liabilities 3,966,431 3,913,458
Provisions for liabilities (690,954) (565,954)
NET ASSETS ATTRIBUTABLE TO
MEMBERS 		3,275,477 3,347,504
Represented by:
Loans and other debts due to members
Members' capital classified as a liability 433,384 270,347
433,384 270,347
Members' other interests
Members' capital classified as equity 769,230 769,230
Other reserves classified as equity 2,072,863 2,307,927
2,842,093 3,077,157
3,275,477 3,347,504
Members' total interests
Loans and other debts due to members 433,384 270,347
Members' other interests 2,842,093 3,077,157
3,275,477 3,347,504
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Registered number: OC306186
Phoenix Management (totton) LLP
Balance sheet - continued
as at 31 December 2024
The LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs for the year ended 31 December 2024.
The members acknowledge their responsibilities to comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 in respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the members and authorised for issue on 29 August 2025 and signed on their behalf by:
Pinton Investments Limited, Designated Member
29 August 2025
2
Phoenix Management (totton) LLP
Notes to the financial statements
for the year ended 31 December 2024
1 General information
Phoenix Management (totton) LLP is a limited liability partnership registered in England and Wales. Its registered number is OC306186. Its registered office is 4th Floor Calls Landing, 36-38 The Calls, Leeds, West Yorkshire, LS2 7EW.
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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
Presentation currency
The LLP's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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.
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Phoenix Management (totton) LLP
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Members' transactions with the LLP
Profits are shared among the member in accordance with agreed profit sharing arrangements. Member is required to make their own provision for pensions from their profit shares.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Investment property
£
Valuation
At 1 January 2024 5,000,000
Disposals -
At 31 December 2024 5,000,000
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