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Registered number: 12540018
PHOENIX PROPERTY RENTALS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
RPJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12540018
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,991 56,986
Investment Properties 5 700,000 381,016
737,991 438,002
CURRENT ASSETS
Debtors 6 253 100
Cash at bank and in hand 188 13,973
441 14,073
Creditors: Amounts Falling Due Within One Year 7 (443,850 ) (440,531 )
NET CURRENT ASSETS (LIABILITIES) (443,409 ) (426,458 )
TOTAL ASSETS LESS CURRENT LIABILITIES 294,582 11,544
NET ASSETS 294,582 11,544
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 294,482 11,444
SHAREHOLDERS' FUNDS 294,582 11,544
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adam Wake
Director
09/07/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
PHOENIX PROPERTY RENTALS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12540018 . The registered office is UNITS 11& 12, AJS HOUSE BALDOCK INDUSTRI, LONDON ROAD, BALDOCK, HERTFORDSHIRE, SG7 6NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2024 75,981
As at 31 March 2025 75,981
Depreciation
As at 1 April 2024 18,995
Provided during the period 18,995
As at 31 March 2025 37,990
...CONTINUED
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Net Book Value
As at 31 March 2025 37,991
As at 1 April 2024 56,986
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 381,016
Revaluations 318,984
As at 31 March 2025 700,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 253 100
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 281
Amounts owed to group undertakings 439,000 439,000
Other creditors 4,850 1,250
443,850 440,531
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company has been provided with an interest-free loan from AJS Construct Ltd, a related party company. The loan is repayable on demand and has been classified as a creditor in the financial statements. No interest has been charged on the loan, and it is recognised at its carrying amount. 
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