PHOENIX TAXIS TOPCO LIMITED


Directors	BACCARI, Abdel Kerim
	COLANTUONI, Francesca Marie Amelia


Registered Address	Northumberland Taxi & Coach Centre South Albion Retail Park
	Albion Way
	Blyth
	NE24 5BW


Registered Number	16132460 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025
		£	£
Current assets
Debtors	3	150,100
		150,100
Creditors amounts falling due within one year	4	(150,785)
Net current assets (liabilities)			(685)
Total assets less current liabilities			(685)
Net assets			(685)
Capital and reserves
Called up share capital			1
Profit and loss account			(686)
Shareholders' funds			(685)

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 financial statements were approved and authorised for issue by the Board of Directors on 24 July 2026, and are signed on its behalf by:

BACCARI, Abdel Kerim
Director

COLANTUONI, Francesca Marie Amelia
Director

Registered Company No. 16132460

PHOENIX TAXIS TOPCO LIMITED

Notes to the Financial Statements
for the period 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	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.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Debtors: amounts due within one year

		2025
		£
	Other debtors	150,100
	Total	150,100

4.	Creditors: amounts due within one year

		2025
		£
	Other creditors	150,099
	Accrued liabilities and deferred income	686
	Total	150,785

5.	Related party transactions
	At the end of the year, the company was owed £150,100 from a subsidiary company. At the end of the year, the company owed £150,099 to the parent company.

6.	Parent-subsidiary relationships
	The company has a subsidiary company, Phoenix Taxis Group Limited. The subsidiary company has two other subsidiary companies; Phoenix Taxis (North East) Limited and Readypay Limited. The company has a parent company, Backer Group Limited. The ultimate parent companies are Backer Capital Limited and Reina Group Equity Limited.