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Company Registration No. 10147377 (England and Wales)
PHOENIXX GROUP PROPERTY PORTFOLIO LTD Unaudited accounts for the year ended 30 April 2025
PHOENIXX GROUP PROPERTY PORTFOLIO LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,297
3,063
Investment property
826,594
826,594
828,891
829,657
Current assets
Cash at bank and in hand
1,561
2,537
Creditors: amounts falling due within one year
(91,628)
(98,955)
Net current liabilities
(90,067)
(96,418)
Total assets less current liabilities
738,824
733,239
Creditors: amounts falling due after more than one year
(578,205)
(578,205)
Provisions for liabilities
Deferred tax
(51,822)
(51,822)
Net assets
108,797
103,212
Capital and reserves
Called up share capital
200
200
Profit and loss account
108,597
103,012
Shareholders' funds
108,797
103,212
For the year ending 30 April 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 8 January 2026 and were signed on its behalf by
Abdul Alim Director Company Registration No. 10147377
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PHOENIXX GROUP PROPERTY PORTFOLIO LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PHOENIXX GROUP PROPERTY PORTFOLIO LTD is a private company, limited by shares, registered in England and Wales, registration number 10147377. The registered office is 69 QUEBEC ROAD, ILFORD, ESSEX, IG2 6AN, ENGLAND.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 May 2024
12,148
At 30 April 2025
12,148
Depreciation
At 1 May 2024
9,085
Charge for the year
766
At 30 April 2025
9,851
Net book value
At 30 April 2025
2,297
At 30 April 2024
3,063
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PHOENIXX GROUP PROPERTY PORTFOLIO LTD Notes to the Accounts for the year ended 30 April 2025
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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