Phoenix Court Spaces Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10821213

Phoenix Court Spaces Limited

Filleted Unaudited Financial Statements

31 December 2024

Phoenix Court Spaces Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Phoenix Court Spaces Limited

Officers and Professional Advisers

The board of directors	R M Klein
	S C Klein
	E Phillips

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Phoenix Court Spaces Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Phoenix Court Spaces Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Phoenix Court Spaces Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	839,693	1,087,790

Current assets

Debtors	5	53,745	14,662
Cash at bank and in hand		158,144	295,669
		---------	---------
		211,889	310,331

Creditors: amounts falling due within one year	6	21,128	198,608
		---------	---------
Net current assets		190,761	111,723
		------------	------------
Total assets less current liabilities		1,030,454	1,199,513

Creditors: amounts falling due after more than one year	7	1,335,063	1,304,254
		------------	------------
Net liabilities		( 304,609)	( 104,741)
		------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 304,610)	( 104,742)
	---------	---------
Shareholders funds	( 304,609)	( 104,741)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Phoenix Court Spaces Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

S C Klein

Director

Company registration number: 10821213

Phoenix Court Spaces Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line
Plant and machinery	-	33% straight line

4. Tangible assets

	Short leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	2,220,780	36,609	156,066	2,413,455
Disposals	–	( 36,609)	–	( 36,609)
	------------	--------	---------	------------
At 31 December 2024	2,220,780	–	156,066	2,376,846
	------------	--------	---------	------------
Depreciation
At 1 January 2024	1,176,134	32,064	117,467	1,325,665
Charge for the year	214,824	4,545	28,728	248,097
Disposals	–	( 36,609)	–	( 36,609)
	------------	--------	---------	------------
At 31 December 2024	1,390,958	–	146,195	1,537,153
	------------	--------	---------	------------
Carrying amount
At 31 December 2024	829,822	–	9,871	839,693
	------------	--------	---------	------------
At 31 December 2023	1,044,646	4,545	38,599	1,087,790
	------------	--------	---------	------------

5. Debtors

	2024	2023
	£	£
Other debtors	53,745	14,662
	--------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	10,221	8,514
Corporation tax	10,907	–
Other creditors	–	190,094
	--------	---------
	21,128	198,608
	--------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	1,335,063	1,304,254
	------------	------------

8. Related party transactions

The amount due to Phoenix Court Group Limited from the Company as at 31 December 2024 was £1,335,063 (2023: £1,304,254). R M Klein and S C Klein , the directors of the Company, both hold an interest in Phoenix Court Group Limited. These loans are non-interest bearing.

9. Controlling party

In the opinion of the directors, there is no one controlling party of the company .