Phantom Key Ltd - Filleted accounts

Registered number

08385776

Phantom Key Ltd

Report and Accounts

28 February 2026

Phantom Key Ltd

Report to the director on the preparation of the unaudited statutory accounts of Phantom Key Ltd for the year ended 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Phantom Key Ltd for the year ended 28 February 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE

9 June 2026

Phantom Key Ltd
Registered number:		08385776
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,629			4,839

Current assets
Debtors	4	-			7,560
Cash at bank and in hand		73,648			65,218
		73,648			72,778

Creditors: amounts falling due within one year	5	(8,238)			(9,634)

Net current assets			65,410			63,144

Net assets			69,039			67,983

Capital and reserves
Called up share capital			1			1
Profit and loss account			69,038			67,982

Shareholder's funds			69,039			67,983

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Carpenter
Director
Approved by the board on 9 June 2026

Phantom Key Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 4 years straight line

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2025				17,975
	At 28 February 2026				17,975

	Depreciation
	At 1 March 2025				13,136
	Charge for the year				1,210
	At 28 February 2026				14,346

	Net book value
	At 28 February 2026				3,629
	At 28 February 2025				4,839



4	Debtors		2026		2025
£				£

	Trade debtors		-		7,560


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Corporation tax		7,830		9,225
	Other creditors		408		409
			8,238		9,634


6	Other information

	Phantom Key Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	156 Russell Drive
	Wollaton
	Nottingham
	NG8 2BE