IRIS Accounts Production v25.3.0.601 14522701 director 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 0.0100 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14522701 2024-01-31 14522701 2025-01-31 14522701 2024-02-01 2025-01-31 14522701 2023-10-31 14522701 2023-11-01 2024-01-31 14522701 2024-01-31 14522701 ns15:EnglandWales 2024-02-01 2025-01-31 14522701 ns14:PoundSterling 2024-02-01 2025-01-31 14522701 ns10:Director1 2024-02-01 2025-01-31 14522701 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14522701 ns10:SmallEntities 2024-02-01 2025-01-31 14522701 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 14522701 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 14522701 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 14522701 ns10:FullAccounts 2024-02-01 2025-01-31 14522701 ns10:EntityHasNeverTraded 2024-02-01 2025-01-31 14522701 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 14522701 ns10:RegisteredOffice 2024-02-01 2025-01-31 14522701 ns5:CurrentFinancialInstruments 2025-01-31 14522701 ns5:CurrentFinancialInstruments 2024-01-31 14522701 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 14522701 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 14522701 ns5:FurnitureFittings 2024-02-01 2025-01-31 14522701 ns5:ComputerEquipment 2024-02-01 2025-01-31 14522701 ns5:PlantMachinery 2024-01-31 14522701 ns5:PlantMachinery 2024-02-01 2025-01-31 14522701 ns5:PlantMachinery 2025-01-31 14522701 ns5:PlantMachinery 2024-01-31 14522701 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 14522701 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 14522701 ns10:OrdinaryShareClass1 2025-01-31

REGISTERED NUMBER: 14522701 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2025 |

| FOR |

| PHAIDRA, LTD. |

| PHAIDRA, LTD. (REGISTERED NUMBER: 14522701) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 5

| PHAIDRA, LTD. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | Mrs K E Hoffman

| REGISTERED OFFICE: | 3rd Floor

| 1 Ashley Road

| Altrincham

| Cheshire

| WA14 2DT

| REGISTERED NUMBER: | 14522701 (England and Wales)

| ACCOUNTANTS: | Allens Accountants Limited

| Chartered Accountants

| 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| PHAIDRA, LTD. (REGISTERED NUMBER: 14522701) |

STATEMENT OF FINANCIAL POSITION

31 JANUARY 2025

| 31/1/25 | 31/1/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 4,338 |  | 1,042 |  |

CURRENT ASSETS

Debtors | 5 | 75,538 |  | 26,374 |  |

Cash at bank | 110,553 |  | 29,756 |  |

186,091 |  | 56,130 |  |

CREDITORS

Amounts falling due within one year | 6 | 165,478 |  | 63,114 |  |

NET CURRENT ASSETS/(LIABILITIES) | 20,613 |  | (6,984 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,951 |  | (5,942 | ) |

RESERVES

Retained earnings | 24,951 |  | (5,942 | ) |

SHAREHOLDERS' FUNDS | 24,951 |  | (5,942 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

Mrs K E Hoffman - Director

| PHAIDRA, LTD. (REGISTERED NUMBER: 14522701) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Phaidra, Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents income arising from services provided by the Company to its immediate parent under an intercompany service agreement. The Company operates on a cost-plus basis, recharging the costs incurred in providing support and development services in line with the intercompany services agreement.

| Turnover is measured at the fair value of the consideration receivable, excluding value added tax, and reflects only the income earned by the company in its capacity as a service provider to the parent. Turnover is recognised over time as the related services are performed, when the amount of consideration can be measured reliably and recovery is probable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures & fittings | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits, deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet, bank overdrafts are shown within borrowings or current liabilities.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| PHAIDRA, LTD. (REGISTERED NUMBER: 14522701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 15 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 1,073 |  |

| Additions | 4,415 |  |

| At 31 January 2025 | 5,488 |  |

| DEPRECIATION

| At 1 February 2024 | 31 |  |

| Charge for year | 1,119 |  |

| At 31 January 2025 | 1,150 |  |

| NET BOOK VALUE

| At 31 January 2025 | 4,338 |  |

| At 31 January 2024 | 1,042 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/1/25 |  | 31/1/24

£ | £ |

| Amounts owed by group undertakings | 22,507 |  | - |  |

| Other debtors | 53,031 |  | 26,374 |  |

75,538 |  | 26,374 |  |

| PHAIDRA, LTD. (REGISTERED NUMBER: 14522701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/1/25 |  | 31/1/24

£ | £ |

| Trade creditors | - |  | 217 |  |

| Amounts owed to group undertakings | - |  | 12,115 |  |

| Taxation and social security | 22,164 |  | 21,277 |  |

| Other creditors | 143,314 |  | 29,505 |  |

165,478 |  | 63,114 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/1/25 |  | 31/1/24

| value: | £ | £ |

| 100 | Ordinary | $0.00 | 1 | - |  | - |  |