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Company Registration No. 08323255 (England and Wales)
PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Unaudited accounts for the year ended 31 December 2024
PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Company Information for the year ended 31 December 2024
Directors
S Singh S Singh
Company Number
08323255 (England and Wales)
Registered Office
UNIT 1-2 PHOENIX ROAD 1-2 PHOENIX ROAD INDUSTRIAL ESTATE WOLVERHAMPTON WV11 3PX
Accountants
Charterhouse Accountants 5 Eastgate Business Centre Eastern Avenue Burton on Trent Staffordshire DE13 0AT
- 3 -
PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
26,213,797 
22,463,797 
Current assets
Debtors
5
5,000 
(15,220)
Investments
6
(1,812,754)
(1,812,754)
Cash at bank and in hand
1,197,223 
2,629,636 
(610,531)
801,662 
Creditors: amounts falling due within one year
7
(1,192,453)
(748,442)
Net current (liabilities)/assets
(1,802,984)
53,220 
Total assets less current liabilities
24,410,813 
22,517,017 
Creditors: amounts falling due after more than one year
8
(3,238,656)
(2,938,656)
Net assets
21,172,157 
19,578,361 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
12,922,957 
12,922,957 
Profit and loss account
8,249,100 
6,655,304 
Shareholders' funds
21,172,157 
19,578,361 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by
S Singh Director Company Registration No. 08323255
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PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PHOENIX PROPERTIES WOLVERHAMPTON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08323255. The registered office is UNIT 1-2 PHOENIX ROAD, 1-2 PHOENIX ROAD INDUSTRIAL ESTATE, WOLVERHAMPTON, WV11 3PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
13,452,043 
130 
38,667 
50,000 
13,540,840 
Additions
3,750,000 
- 
- 
- 
3,750,000 
At 31 December 2024
17,202,043 
130 
38,667 
50,000 
17,290,840 
Depreciation
At 1 January 2024
(8,922,957)
- 
- 
- 
(8,922,957)
At 31 December 2024
(8,922,957)
- 
- 
- 
(8,922,957)
Net book value
At 31 December 2024
26,125,000 
130 
38,667 
50,000 
26,213,797 
At 31 December 2023
22,375,000 
130 
38,667 
50,000 
22,463,797 
- 5 -
PHOENIX PROPERTIES WOLVERHAMPTON LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,000 
5,000 
Other debtors
- 
(1,000)
5,000 
4,000 
Amounts falling due after more than one year
Accrued income and prepayments
- 
(19,220)
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
(1,812,754)
(1,812,754)
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
222,090 
274,329 
Taxes and social security
- 
(168,457)
Other creditors
- 
(327,793)
Loans from directors
970,363 
970,363 
1,192,453 
748,442 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
128,200 
128,200 
Other creditors
(553,384)
(753,384)
Loans from directors
2,863,840 
2,863,840 
Accruals
800,000 
700,000 
3,238,656 
2,938,656 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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