0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 242,580 88,538 6,512 324,606 324,606 242,580 xbrli:pure xbrli:shares iso4217:GBP 12681793 2024-01-01 2024-12-31 12681793 2024-12-31 12681793 2023-12-31 12681793 2023-01-01 2023-12-31 12681793 2023-12-31 12681793 2022-12-31 12681793 bus:RegisteredOffice 2024-01-01 2024-12-31 12681793 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 12681793 bus:Director1 2024-01-01 2024-12-31 12681793 bus:Director2 2024-01-01 2024-12-31 12681793 core:WithinOneYear 2024-12-31 12681793 core:WithinOneYear 2023-12-31 12681793 core:AfterOneYear 2024-12-31 12681793 core:AfterOneYear 2023-12-31 12681793 core:RetainedEarningsAccumulatedLosses 2024-12-31 12681793 core:RetainedEarningsAccumulatedLosses 2023-12-31 12681793 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 12681793 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 12681793 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 12681793 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 12681793 core:Non-currentFinancialInstruments 2024-12-31 12681793 core:Non-currentFinancialInstruments 2023-12-31 12681793 bus:SmallEntities 2024-01-01 2024-12-31 12681793 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12681793 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12681793 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 12681793 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 12681793
Phoenix Court Works Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 December 2024
Phoenix Court Works Limited
Company Limited by Guarantee
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 Works Limited
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors
S C Klein
J F Hawkins
Registered office
727-729 High Road
London
England
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Phoenix Court Works Limited
Company Limited by Guarantee
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Phoenix Court Works 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 Works Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
324,606
242,580
Current assets
Debtors
6
1,912
790
Cash at bank and in hand
5,229
41,636
-------
--------
7,141
42,426
Creditors: amounts falling due within one year
7
316,687
263,507
---------
---------
Net current liabilities
309,546
221,081
---------
---------
Total assets less current liabilities
15,060
21,499
Creditors: amounts falling due after more than one year
8
22,622
22,622
--------
--------
Net liabilities
( 7,562)
( 1,123)
--------
--------
Capital and reserves
Profit and loss account
( 7,562)
( 1,123)
-------
-------
Members deficit
( 7,562)
( 1,123)
-------
-------
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 Works Limited
Company Limited by Guarantee
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: 12681793
Phoenix Court Works Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP, England.
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.
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 .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Company limited by guarantee
The liability of each member in the event of a company windup is guaranteed to a maximum of £1 per member.
5. Investments
Other investments other than loans
£
Cost
At 1 January 2024
242,580
Additions
88,538
Revaluations
( 6,512)
---------
At 31 December 2024
324,606
---------
Impairment
At 1 January 2024 and 31 December 2024
–
---------
Carrying amount
At 31 December 2024
324,606
---------
At 31 December 2023
242,580
---------
6. Debtors
2024
2023
£
£
Other debtors
1,912
790
-------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
316,687
263,507
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
22,622
22,622
--------
--------