Company registration number 15728178 (England and Wales)
PHOENIX PROPERTIES (SOUTH WEST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
PHOENIX PROPERTIES (SOUTH WEST) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 5
PHOENIX PROPERTIES (SOUTH WEST) LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
Notes
£
CURRENT ASSETS
Stocks
221,592
Debtors
2
2,218
Cash at bank and in hand
4,453
228,263
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3
(229,142)
NET CURRENT LIABILITIES
(879)
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss reserves
(979)
TOTAL EQUITY
(879)

For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

PHOENIX PROPERTIES (SOUTH WEST) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 January 2026 and are signed on its behalf by:
Mr J Bell
Director
Company registration number 15728178 (England and Wales)
PHOENIX PROPERTIES (SOUTH WEST) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
PERIOD ENDED 31 MAY 2025:
Loss and total comprehensive income
-
(979)
(979)
Issue of share capital
100
-
100
BALANCE AT 31 MAY 2025
100
(979)
(879)
PHOENIX PROPERTIES (SOUTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
1
ACCOUNTING POLICIES
Company information

Phoenix Properties (South West) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cedar House, Hazell Drive, Newport, South Wales, NP10 8FY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts show that the company made a net loss of £979 and had net current liabilities of £879 at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis.

The company has required financial support from its shareholders. The directors are confident that the company will be able to meet its obligations and will trade profitably in future. They therefore consider it appropriate to prepare the accounts on a going concern basis.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PHOENIX PROPERTIES (SOUTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 5 -
2
DEBTORS
2025
Amounts falling due within one year:
£
Other debtors
2,218
3
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
2,782
Other creditors
226,360
229,142
4
RELATED PARTY TRANSACTIONS
2025
Amounts due to related parties
£
Director's loan
224,960
5
DIRECTORS' TRANSACTIONS
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
-
-
60
60
-
60
60
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