Phanar Asset Management (Uk) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08902743 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Phanar Asset Management (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Jonson

L Savi

SECRETARY:

Gradient Advisory Corporate Services Ltd

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

08902743 (England and Wales)

BANKERS:

Barclays

1 Churchill Place

London

E14 5HP

CURRENT ASSETS

Debtors

5

84,676

55,986

Cash at bank

27,122

53,127

111,798

109,113

CREDITORS

Amounts falling due within one year

6

(53,911

)

(28,649

)

NET CURRENT ASSETS

57,887

80,464

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,887

80,464

CAPITAL AND RESERVES

Called up share capital

71,668

Other reserves

20,000

Retained earnings

(33,781

)

(11,204

)

SHAREHOLDERS' FUNDS

57,887

80,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

O Jonson - Director

1.	STATUTORY INFORMATION

Phanar Asset Management (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Significant judgements and estimates

The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and reported amounts of revenue and operating costs during the reporting period. The company does not have any estimates which could have significant effect on the financial statements.

Going concern

The shareholder has expressed his willingness to continue to provide financial support for the next 12 month as from the date of approval of the financial statements in order for the company to meet its current liabilities. The director therefore continues to adopt the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue Recognition

Fund management and performance revenues are recognised when the service is rendered. Outstanding fund and management revenues is reflected on the balance sheet as debtors.

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 - 33% on cost

Tangible fixed assets are stated at cost less depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which cases they are stated at cost. The company does not have long term creditors.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents are comprised of cash within the bank, cash within hand and short term deposits with a maturity of three months or less.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

4,577

DEPRECIATION

At 1 April 2024

and 31 March 2025

4,577

NET BOOK VALUE

At 31 March 2025

-

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Amounts owed by group undertakings

16,963

Other debtors

62,123

33,433

79,086

50,396

Amounts falling due after more than one year:

Other debtors

5,590

Aggregate amounts

84,676

55,986

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

18

Trade creditors

7,201

8,923

Taxation and social security

3,801

7,379

Other creditors

42,909

12,329

53,911

28,649

7.	RELATED PARTY DISCLOSURES

As at the balance sheet date held within debtors, is the amount of £16,693 (2024: 16,693) owed from Phanar Asset Management AG, Switzerland.

As at the balance sheet date held within debtors, is the amount of £16,564 (2024: £16,564) owed from Mr O Jonson, Director of the company.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is O Jonson.