Company Registration No. 10666774 (England and Wales)
Phoenix Quarter 163 Limited
Unaudited accounts
for the year ended 31 March 2026
Phoenix Quarter 163 Limited
Unaudited accounts
Contents
Phoenix Quarter 163 Limited
Company Information
for the year ended 31 March 2026
Director
Jagjit Singh Johal
Company Number
10666774 (England and Wales)
Registered Office
The Whinnies, Church Road
Hartley
Longfield
DA3 8DJ
United Kingdom
Accountants
Workabee Accountants
Sharon Gillett BSc FCA
11 Chestnut Avenue
Buckhurst Hill
Essex
IG9 6EN
Phoenix Quarter 163 Limited
Statement of financial position
as at 31 March 2026
Investment property
510,000
510,000
Cash at bank and in hand
24,826
39,881
Creditors: amounts falling due within one year
(69,448)
(84,248)
Net current liabilities
(42,470)
(33,394)
Total assets less current liabilities
467,530
476,606
Creditors: amounts falling due after more than one year
(361,675)
(361,460)
Provisions for liabilities
Deferred tax
(27,241)
(29,054)
Called up share capital
1
1
Profit and loss account
78,613
86,091
Shareholders' funds
78,614
86,092
For the year ending 31 March 2026 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.
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 May 2026 and were signed on its behalf by
Jagjit Singh Johal
Director
Company Registration No. 10666774
Phoenix Quarter 163 Limited
Notes to the Accounts
for the year ended 31 March 2026
Phoenix Quarter 163 Limited is a private company, limited by shares, registered in England and Wales, registration number 10666774. The registered office is The Whinnies, Church Road, Hartley, Longfield, DA3 8DJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises of rental income and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost.
Fair value at 1 April 2025
510,000
Net loss from fair value adjustments
(800)
Valuation of properties is based on director valuations.
Phoenix Quarter 163 Limited
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Accrued income and prepayments
2,152
563
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
23
-
Taxes and social security
27
27
Loans from directors
66,898
81,842
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
361,675
361,460
Aggregate of amounts that fall due for payment after five years
361,675
361,460
The bank loans (mortgage) are secured against the value of the investment property.
8
Deferred taxation
2026
2025
Revaluation of investment property
29,224
29,424
Tax losses carried forward
(1,983)
(370)
Provision at start of year
29,054
26,240
(Credited)/charged to the profit and loss account
(1,813)
2,814
Provision at end of year
27,241
29,054
9
Transactions with related parties
As at 31 March 2026, amounts owed to directors totalled £66,898 (2025: £81,842).
No interest is charged on money owed and the amounts are repayable on demand.
Phoenix Quarter 163 Limited
Notes to the Accounts
for the year ended 31 March 2026
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).