Phase One Construction (P1-C) Ltd

	Page
Company Information	1
Directors' Report	2
Accountant's Report	3
Abridged Income Statement	4
Abridged Statement of Financial Position	5—6
Notes to the Abridged Financial Statements	7—8

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Company No. 13876628

Directors' Report For The Year Ended 31 January 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 January 2026.

Directors

The directors who held office during the year were as follows:

Ms Festime Gerbolli

Mr James Douglas Alan Healey

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Ms Festime Gerbolli Director	Mr James Douglas Alan Healey Director
21 April 2026

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Phase One Construction (P1-C) Ltd

Accountant's Report

For The Year Ended 31 January 2026

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Phase One Construction (P1-C) Ltd for the year ended 31 January 2026

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Phase One Construction (P1-C) Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Phase One Construction (P1-C) Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Phase One Construction (P1-C) Ltd and state those matters that we have agreed to state to the directors of Phase One Construction (P1-C) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phase One Construction (P1-C) Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Phase One Construction (P1-C) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Phase One Construction (P1-C) Ltd . You consider that Phase One Construction (P1-C) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Phase One Construction (P1-C) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Ctax Limited

21 April 2026

Ctax Limited

Chartered Certified Accountants

85 Bexley High Street

Bexley

London

DA5 1JX

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Phase One Construction (P1-C) Ltd

Abridged Income Statement

For The Year Ended 31 January 2026

Abridged Income Statement

		2026	2025
	Notes	£	£
GROSS PROFIT		338,248	48,081

Administrative expenses		(188,933 )	(14,759 )

OPERATING PROFIT AND PROFIT BEFORE TAXATION		149,315	33,322
Tax on Profit		(35,546 )	(6,136 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		113,769	27,186

The notes on pages 7 to 8 form part of these financial statements.

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Phase One Construction (P1-C) Ltd

Abridged Statement of Financial Position

As At 31 January 2026

Abridged Statement of Financial Position

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,027		-

			1,027		-
CURRENT ASSETS
Debtors		199,840		22,742
Cash at bank and in hand		124,503		22,162

		324,343		44,904
Creditors: Amounts Falling Due Within One Year		(257,419 )		(44,722 )

NET CURRENT ASSETS (LIABILITIES)			66,924		182

TOTAL ASSETS LESS CURRENT LIABILITIES			67,951		182

NET ASSETS			67,951		182

CAPITAL AND RESERVES
Called up share capital	5		10		10
Income Statement			67,941		172

SHAREHOLDERS' FUNDS			67,951		182

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Phase One Construction (P1-C) Ltd

Abridged Statement of Financial Position (continued)

As At 31 January 2026

For the year ending 31 January 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 January 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Ms Festime Gerbolli Director	Mr James Douglas Alan Healey Director
21 April 2026

The notes on pages 7 to 8 form part of these financial statements.

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Phase One Construction (P1-C) Ltd

Notes to the Abridged Financial Statements

For The Year Ended 31 January 2026

Notes to the Abridged Financial Statements

1. General Information

Phase One Construction (P1-C) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13876628 . The registered office is 6 Waltham Close, Crayford, Dartford, Kent, United Kingdom, DA1 3LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Phase One Construction (P1-C) Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 February 2025	-
Additions	1,070

As at 31 January 2026	1,070

Depreciation
As at 1 February 2025	-
Provided during the period	43

As at 31 January 2026	43

Net Book Value
As at 31 January 2026	1,027

As at 1 February 2025	-

5. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

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