Phoenix Property Services (Staffordshire) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06571551

Phoenix Property Services (Staffordshire) Limited

Filleted Unaudited Financial Statements

30 April 2025

Phoenix Property Services (Staffordshire) Limited

Financial Statements

Year ended 30 April 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Phoenix Property Services (Staffordshire) Limited

Balance Sheet

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	3,418	3,434

Current assets

Debtors	6	20,206	16,924
Cash at bank and in hand		45,996	10,069
		--------	--------
		66,202	26,993

Creditors: amounts falling due within one year	7	35,320	30,366
		--------	--------
Net current assets/(liabilities)		30,882	( 3,373)
		--------	-------
Total assets less current liabilities		34,300	61
		--------	----
Net assets		34,300	61
		--------	----

Capital and reserves

Called up share capital	20	20
Profit and loss account	34,280	41
	--------	----
Shareholders funds	34,300	61
	--------	----

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 profit and loss account has not been delivered.

For the year ending 30 April 2025 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 Property Services (Staffordshire) Limited

Balance Sheet (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr D Riley

Director

Company registration number: 06571551

Phoenix Property Services (Staffordshire) Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 King Street, Newcastle-under-Lyme, Staffordshire, ST5 1ER. The company registration number is 06571551 .

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. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

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. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 May 2024	6,053	10,207	16,260
Additions	–	1,734	1,734
	-------	--------	--------
At 30 April 2025	6,053	11,941	17,994
	-------	--------	--------
Depreciation
At 1 May 2024	5,013	7,813	12,826
Charge for the year	155	1,595	1,750
	-------	--------	--------
At 30 April 2025	5,168	9,408	14,576
	-------	--------	--------
Carrying amount
At 30 April 2025	885	2,533	3,418
	-------	--------	--------
At 30 April 2024	1,040	2,394	3,434
	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	480	1,050
Other debtors	19,726	15,874
	--------	--------
	20,206	16,924
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,296	6,668
Corporation tax	17,724	12,308
Social security and other taxes	9,822	8,332
Other creditors	3,478	3,058
	--------	--------
	35,320	30,366
	--------	--------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	10,000	5,833
Later than 1 year and not later than 5 years	25,834	–
	--------	-------
	35,834	5,833
	--------	-------

9. Directors' advances, credits and guarantees

During the year the directors have maintained a current account with the company, the total balance at the start of the year was £12,006 included in other debtors (2024 - £10,498). Total advances during the year were £29,139 (2024 - £49,908). There were no material advances during the year (2024 - £Nil). Total repayments during the year were £24,000 (2024 - £48,400). There were no individual material repayments. (2024 - Nil). The balance at the year end was £17,145 included in other debtors (2024 - £12,006). The advances were on an interest free basis.