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

COMPANY REGISTRATION NUMBER: 00590401

PHOENIX EXECUTIVE SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

PHOENIX EXECUTIVE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	344,170	353,061
Investments	6	13,276	13,276
		---------	---------
		357,446	366,337

CURRENT ASSETS

Debtors	7	43,750	100,000
Cash at bank and in hand		100,341	54,617
		---------	---------
		144,091	154,617

CREDITORS: amounts falling due within one year	8	32,520		53,855
		---------		---------
NET CURRENT ASSETS			111,571		100,762
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			469,017		467,099
			---------		---------
NET ASSETS			469,017		467,099
			---------		---------

CAPITAL AND RESERVES

Called up share capital	40,000	40,000
Profit and loss account	429,017	427,099
	---------	---------
SHAREHOLDERS FUNDS	469,017	467,099
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 March 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 EXECUTIVE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr R C P Seddon	Mr D J Seddon
Director	Director

Company registration number: 00590401

PHOENIX EXECUTIVE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 138 Northampton Road, Kettering, Northants, NN15 7JY, United Kingdom.

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 and are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the amount derived from the provision of services within the company's ordinary activities.

Exceptional items

Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

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.

Operating leases

Operating lease rentals are charged to profit and loss account on a straight line basis over the term of the lease.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

		-	10% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	357,507
	---------
Depreciation
At 1 April 2024	4,446
Charge for the year	8,891
	---------
At 31 March 2025	13,337
	---------
Carrying amount
At 31 March 2025	344,170
	---------
At 31 March 2024	353,061
	---------

6. INVESTMENTS

	Shares in group undertakings	Sundry investments	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1	13,275	13,276
	----	--------	--------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	----	--------	--------

Carrying amount
At 31 March 2025	1	13,275	13,276
	----	--------	--------
At 31 March 2024	1	13,275	13,276
	----	--------	--------

7. DEBTORS

	2025	2024
	£	£
Other debtors	43,750	100,000
	--------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	26,920	37,715
Other creditors	5,600	16,140
	--------	--------
	32,520	53,855
	--------	--------

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D J Seddon	100,000	1,820	( 101,820)	–
	---------	-------	---------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D J Seddon	–	101,701	( 1,701)	100,000
	----	---------	-------	---------

Interest was charged and the above amount was repaid within 9 months of the prior year-end.

10. RELATED PARTY TRANSACTIONS

Advantage has also been taken of the exemption conferred by FRS 102 to group undertakings, of whose voting rights are controlled within the group, not to disclose transactions with other group companies.

11. CONTROLLING PARTY

The company's ultimate controlling party is Campeones1516 Limited , which is incorporated in England and Wales.