REGISTERED NUMBER: OC433542 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

PHOENIX MENTAL HEALTH SERVICES LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

1,200

3,258

Tangible assets

6

9,078

5,129

10,278

8,387

CURRENT ASSETS

Debtors

7

145,232

175,340

Cash at bank

25,689

33,030

170,921

208,370

CREDITORS

Amounts falling due within one year

8

44,104

66,139

NET CURRENT ASSETS

126,817

142,231

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

137,095

150,618

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

137,095

150,618

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

137,095

150,618

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

Dr D S Allen - Designated member

Dr M Stoffels - Designated member

1.	STATUTORY INFORMATION

Phoenix Mental Health Services LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC433542

Registered office:

48 St Leonards Road

Bexhill on Sea

East Sussex

TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses

.

Website design costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Computer equipment

-

25% on cost

All fixed assets are initially recorded at cost.

Pension costs and other post-retirement benefits

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

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2024 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Website

design

costs

£

COST

At 1 April 2024

and 31 March 2025

10,289

AMORTISATION

At 1 April 2024

7,031

Amortisation for year

2,058

At 31 March 2025

9,089

NET BOOK VALUE

At 31 March 2025

1,200

At 31 March 2024

3,258

6.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2024

732

6,527

7,259

Additions

349

7,222

7,571

At 31 March 2025

1,081

13,749

14,830

DEPRECIATION

At 1 April 2024

165

1,965

2,130

Charge for year

184

3,438

3,622

At 31 March 2025

349

5,403

5,752

NET BOOK VALUE

At 31 March 2025

732

8,346

9,078

At 31 March 2024

567

4,562

5,129

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

84,977

113,890

Other debtors

18

18

Loan to Phoenix Brain Research CIC

5,191

3,772

Prepayments and accrued income

55,046

57,660

145,232

175,340

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

28,419

39,983

PAYE and social security

4,972

2,521

Other creditors

2,174

958

Accruals and deferred income

8,539

22,677

44,104

66,139

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

137,095

150,618

Falling due within one year

137,095

150,618

Loans and other debts due to members rank pari passu with other creditors.