Registration number: 08834245

Phoenix Chudleigh Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Phoenix Chudleigh Ltd

Company Information

Directors

Mrs Tracey Karen Nixon Mr Ian Leslie Nixon

Registered office

1 Aller Close Kingskerswell Newton Abbot Devon TQ12 5BU

Accountants

Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Phoenix Chudleigh Ltd

(Registration number: 08834245)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	6,361	7,626
Current assets
Debtors	5	50,139	52,530
Cash at bank and in hand		49,686	49,686
		99,825	102,216
Creditors: Amounts falling due within one year	6	(48,284)	(52,165)
Net current assets		51,541	50,051
Total assets less current liabilities		57,902	57,677
Provisions for liabilities		(40,000)	(40,000)
Net assets		17,902	17,677
Capital and reserves
Called up share capital	7	2	2
Retained earnings		17,900	17,675
Shareholders' funds		17,902	17,677

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:
 

......................................... Mr Ian Leslie Nixon Director

Phoenix Chudleigh Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Aller Close
Kingskerswell
Newton Abbot
Devon
TQ12 5BU
England

These financial statements were authorised for issue by the Board on 1 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Fixtures and fittings	25% reducing balance basis
Office equipment	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Phoenix Chudleigh Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Phoenix Chudleigh Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	6,509	21,688	28,197
At 31 January 2025	6,509	21,688	28,197
Depreciation
At 1 February 2024	5,300	15,271	20,571
Charge for the year	302	963	1,265
At 31 January 2025	5,602	16,234	21,836
Carrying amount
At 31 January 2025	907	5,454	6,361
At 31 January 2024	1,209	6,417	7,626

5

Debtors

Current	2025 £	2024 £
Other debtors	50,139	52,530
	50,139	52,530

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	33,423	38,219
Trade creditors		1,863	1,863
Taxation and social security		6,460	8,709
Accruals and deferred income		376	376
Other creditors		6,162	2,998
		48,284	52,165

7	Share capital

Allotted, called up and fully paid shares

Phoenix Chudleigh Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	33,423	38,219

9

Dividends

		2025		2024
		£		£

10	Related party transactions

Transactions with directors

2025	At 1 February 2024 £	Advances to director £	At 31 January 2025 £
Mrs Tracey Karen Nixon
Director loan	26,265	(1,202)	25,063
Mr Ian Leslie Nixon
Director loan	26,265	(1,201)	25,064

2024	At 1 February 2023 £	Advances to director £	At 31 January 2024 £
Mrs Tracey Karen Nixon
Director loan	12,258	14,007	26,265
Mr Ian Leslie Nixon
Director loan	12,257	14,008	26,265

Phoenix Chudleigh Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Dividends paid to directors

		2025 £		2024 £
Mrs Tracey Karen Nixon
Interim dividend paid		-		-
Mr Ian Leslie Nixon
Interim dividend paid		-		-