Treasure Cay Phoenix Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 12488883

CHARITY REGISTRATION NUMBER: 1192983

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Unaudited Financial Statements

28 February 2025

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Financial Statements

Year ended 28 February 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Reporting accountants report to the board of trustees on the preparation of the unaudited statutory financial statements	3

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 28 February 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 28 February 2025 .

Reference and administrative details

Registered charity name	Treasure Cay Phoenix Limited

Charity registration number	1192983

Company registration number	12488883

Principal office and registered	Highview House 1st Floor
office	Tattenham Crescent
	Epsom
	Surrey
	KT18 5QJ
	UK

The trustees

	J H Mercer
	C H Mercer
	P Horsnall
	A Campi

Accountants	Brooks Carling Accountants Limited
	Reporting accountants
	The Studio
	1 Canons Lane
	Burgh Heath
	Surrey
	KT20 6DP

Structure, governance and management

The charity is managed by the four trustees who oversee the work of the charity and ensure it complies with its governing document and objectives.

Objectives and activities

The charity operates in the Bahamas for the prevention or relief of poverty by making grants to organisations.

The charity trustees confirm that due regard has been paid to the public benefit guidance published by the Charity Commission.

Achievements and performance

The charity did not have an activity in the period. This will change in future years when grants will be made.

Financial review

During the period, the charity did not receive any donations and did not make any grants.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 6 November 2025 and signed on behalf of the board of trustees by:

J H Mercer

Trustee

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Reporting Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Treasure Cay Phoenix Limited

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Treasure Cay Phoenix Limited for the year ended 28 February 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the board of trustees of Treasure Cay Phoenix Limited , as a body, in accordance with the terms of our engagement letter dated 28 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Treasure Cay Phoenix Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Treasure Cay Phoenix Limited and its board of trustees, as a body, for our work or for this report.

It is your duty to ensure that Treasure Cay Phoenix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Treasure Cay Phoenix Limited . You consider that Treasure Cay Phoenix Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Treasure Cay Phoenix Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Brooks Carling Accountants Limited Reporting accountants

The Studio 1 Canons Lane Burgh Heath Surrey KT20 6DP

6 November 2025

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 28 February 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Investment income	5	212	212	156
		----	----	----
Total income		212	212	156
		----	----	----

Expenditure

Expenditure on charitable activities	6,7	300	300	300
		----	----	----
Total expenditure		300	300	300
		----	----	----

	----	----	----
Net expenditure and net movement in funds	( 88)	( 88)	( 144)
	----	----	----

Reconciliation of funds

Total funds brought forward	16,275	16,275	16,419
	--------	--------	--------
Total funds carried forward	16,187	16,187	16,275
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Current assets

Debtors	10	28	28
Cash at bank and in hand		17,059	16,847
		--------	--------
		17,087	16,875

Creditors: amounts falling due within one year	11	900	600
		--------	--------
Net current assets		16,187	16,275
		--------	--------
Total assets less current liabilities		16,187	16,275
		--------	--------
Net assets		16,187	16,275
		--------	--------

Funds of the charity

Unrestricted funds		16,187	16,275
		--------	--------
Total charity funds	12	16,187	16,275
		--------	--------

For the year ending 28 February 2025 the charity 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 .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

J H Mercer

Trustee

Treasure Cay Phoenix Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Highview House 1st Floor, Tattenham Crescent, Epsom, Surrey, KT18 5QJ, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS 102 and the Charities Act. As such, advantage has been taken of the following disclosure exemptions: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

4. Limited by guarantee

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £25 towards the assets of the company in the event of liquidation.

5. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	212	212	156	156
	----	----	----	----

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Support costs	300	300	300	300
	----	----	----	----

7. Expenditure on charitable activities by activity type

	Support costs	Total funds 2025	Total fund 2024
	£	£	£
Governance costs	300	300	300
	----	----	----

8. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

9. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

10. Debtors

	2025	2024
	£	£
Other debtors	28	28
	----	----

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	900	600
	----	----

12. Analysis of charitable funds

Unrestricted funds

	At 1 March 2024	Income	Expenditure	At 28 February 2025
	£	£	£	£
General funds	16,275	212	(300)	16,187
	--------	----	----	--------

	At 1 March 2023	Income	Expenditure	At 29 February 2024
	£	£	£	£
General funds	16,419	156	(300)	16,275
	--------	----	----	--------

13. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	17,087	17,087
Creditors less than 1 year	(900)	(900)
	--------	--------
Net assets	16,187	16,187
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	16,875	16,875
Creditors less than 1 year	(600)	(600)
	--------	--------
Net assets	16,275	16,275
	--------	--------