PHENIX-UK TRADING LIMITED


Directors	KUMAR, Aaron Jitendra
	PATEL, Jyotiben Jitendrabhai
	PATEL, Rakhee
	PATEL, Uma


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	12948745 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		140,000		84,000
Tangible assets	4		4,958,310		4,172,627
			5,098,310		4,256,627
Current assets
Debtors	5	756,671		475,230
Cash at bank and on hand		187,081		193,295
		943,752		668,525
Creditors amounts falling due within one year	6	(6,082,460)		(4,905,313)
Net current assets (liabilities)			(5,138,708)		(4,236,788)
Total assets less current liabilities			(40,398)		19,839
Net assets			(40,398)		19,839
Capital and reserves
Called up share capital			100		100
Profit and loss account			(40,498)		19,739
Shareholders' funds			(40,398)		19,839

The company was entitled to exemption from audit for this reporting period 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2026, and are signed on its behalf by:

PATEL, Jyotiben Jitendrabhai
Director

PATEL, Rakhee
Director

PATEL, Uma
Director

Registered Company No. 12948745

PHENIX-UK TRADING LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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 (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Franchise Fees has been amortized on SLM basis.

	Tangible fixed assets and depreciation
	During the the Previous year depreciation rate on Land and Building was changed from 25% RBM to no depreciation and Fixtures and fittings was changed from 25% RBM to 10 years straight line. Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 November 24	105,000
	Additions	70,000
	At 31 October 25	175,000
	Amortisation and impairment
	At 01 November 24	21,000
	Charge for year	14,000
	At 31 October 25	35,000
	Net book value
	At 31 October 25	140,000
	At 31 October 24	84,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 November 24	4,582,128
	Additions	982,767
	At 31 October 25	5,564,895
	Depreciation and impairment
	At 01 November 24	409,500
	Charge for year	197,085
	At 31 October 25	606,585
	Net book value
	At 31 October 25	4,958,310
	At 31 October 24	4,172,627

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	144,900	50,527
Amounts owed by group undertakings	100,039	56,787
Other debtors	511,732	309,058
Prepayments and accrued income	-	58,858
Total	756,671	475,230

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	-	2,603
Other creditors	5,709,500	4,791,705
Accrued liabilities and deferred income	372,960	111,005
Total	6,082,460	4,905,313


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Directors advances, credits and guarantees
	At the year end Director Current Account Balance is £31,861 (2024 - £45,742)

8.	Related party transactions
	The aggregate amount included under "Other Debtors" is £100,039, representing intercompany balances in which the directors have an interest. The aggregate amount included under "Other creditors" is £2,877,563, representing intercompany balances in which the directors have an interest.