Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 3 true 3 false 2024-01-01 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03681132 2024-01-01 2025-06-30 03681132 2023-01-01 2023-12-31 03681132 2025-06-30 03681132 2023-12-31 03681132 c:Director1 2024-01-01 2025-06-30 03681132 d:CurrentFinancialInstruments 2025-06-30 03681132 d:CurrentFinancialInstruments 2023-12-31 03681132 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 03681132 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03681132 d:ShareCapital 2025-06-30 03681132 d:ShareCapital 2023-12-31 03681132 d:RetainedEarningsAccumulatedLosses 2025-06-30 03681132 d:RetainedEarningsAccumulatedLosses 2023-12-31 03681132 c:FRS102 2024-01-01 2025-06-30 03681132 c:AuditExempt-NoAccountantsReport 2024-01-01 2025-06-30 03681132 c:FullAccounts 2024-01-01 2025-06-30 03681132 c:PrivateLimitedCompanyLtd 2024-01-01 2025-06-30 03681132 2 2024-01-01 2025-06-30 03681132 e:PoundSterling 2024-01-01 2025-06-30 iso4217:GBP xbrli:pure

Registered number: 03681132 PHOENIX LOGISTICS HOMES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 JUNE 2025
PHOENIX LOGISTICS HOMES LIMITED REGISTERED NUMBER: 03681132 BALANCE SHEET AS AT 30 JUNE 2025
|  | 30 June |  | 31 December
|  | 2025 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | - |  | 181,803 |
Debtors: amounts falling due within one year | 5 | 578,171 |  | 566,973 |
Cash at bank and in hand |  | 59,612 |  | 419,053 |
|  | 637,783 |  | 1,167,829 |
Creditors: amounts falling due within one year | 6 | (278,751) |  | (956,307) |
Net current assets |  |  | 359,032 |  | 211,522
Net assets |  |  | 359,032 |  | 211,522
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 358,032 |  | 210,522
|  |  | 359,032 |  | 211,522
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
R L Shah
Director
Date: 5 February 2026
The notes on pages 2 to 6 form part of these financial statements. Page 1
PHOENIX LOGISTICS HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
1. | General information
Phoenix Logistics Homes Limited is a private company, limited by shares, and is registered in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4BH. The functional and presentational currency is Pound Sterling (£) being the currency of the primary economic environment in which the company operates. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The company's financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the forseeable future. This is on the basis that ongoing support will continue to be available from the company's parent undertaking in the form that the trade payables to the company shall continue to be made available. However, there is uncertainty surrounding the continuance of the ongoing support from the parent undertaking, which may have a material impact on the company's ability to continue operating as a going concern. The parent undertaking has issued a formal request for repayment of the loan and as of the date of the approval of these financial statements the directors have not received formal assurance from the parent undertaking regarding their intentions to provide ongoing support. As a result there is a material uncertainty regarding the company's ability to continue operating as a going concern though the directors consider at the present time, despite this uncertainty, the company remains a going concern. Based upon this conclusion the financial statements have been prepared on the going concern basis and the financial statements do not include any adjustments should this basis not be appropriate.
| 2.3 | Reporting period
The financial statements disclose figures for the 18 month period from 01 January 2024 to 30 June 2025, where the Company has extended its accounting reference date. The comparative figures are for the year ended 31 December 2023. The comparative figures are therefore not entirely comparable.
| 2.4 | Revenue
Turnover represents amounts receivable for sales of property and is stated net of valued added tax where applicable. Sales of development properties are recognised and accounted for when legally binding contracts which are irrevocable and effectively unconditional are exchanged and where completion has taken place prior to the date on which the financial statements are approved. Other operating income includes gross rents receivable during the year. Rental income is accrued on a time apportioned basis under the terms of the lease. Page 2
PHOENIX LOGISTICS HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.8 | Stocks
Stock comprises property held for development and is valued at the lower of cost and net realisable value. Cost comprises the direct costs of purchase and all subsequent development costs including the cost of loan arrangement fees and interest payable on loans whilst the development is being undertaken. Net realisable value is based on the estimated sales price of each property development less all costs expected to be incurred to the date of disposal.
| 2.9 | Financial instruments
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the Page 3
PHOENIX LOGISTICS HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities 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 Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the period was 3 (2023 - 3).
Page 4
PHOENIX LOGISTICS HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
4. | Stocks
|  |  |  |  | 30 June | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Development properties | - | 181,803
5. | Debtors
|  |  |  |  | 30 June | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Other debtors | 578,171 | 565,082
| Prepayments and accrued income | - | 1,891
|  | 578,171 | 566,973
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 June | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Trade creditors | 224,557 | 287,000
| Amounts owed to group undertakings | - | 658,500
| Corporation tax | 49,111 | 5,091
| Other creditors | - | 2,765
| Accruals and deferred income | 5,083 | 2,951
|  | 278,751 | 956,307
7. | Related party transactions
| The company has taken advantage of the exemption afforded by FRS 102 not to disclose transations or balances with other wholly owned members of the group. At the balance sheet date the company was owed £573,521 (2023 - £564,521) by companies which share common directors and in which directors have a material interest. Of this sum, £337,570 (2023 - £328,570) is subject to interest and repayable within one year while the balance is interest free and repayable on demand.
Page 5
PHOENIX LOGISTICS HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
8. | Ultimate parent undertaking
The immediate and ultimate parent company is Escalade Investments Limited, a company registered in Jersey and the address of its registered office is Fifth Floor, 37 Esplanade, St Helier, Jersey, JE1 2TR.
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