REGISTERED NUMBER: 08823378 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FENIX ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Paggetti

D Poggiagliolmi

REGISTERED OFFICE:

29a High Street

West Wickham

Kent

BR4 0LP

REGISTERED NUMBER:

08823378 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

4

2,267

3,767

Investment property

5

223,000

223,000

225,267

226,767

CURRENT ASSETS

Stocks

6

1,555

4,694

Debtors

7

1,738

8,860

Cash at bank

44,411

31,070

47,704

44,624

CREDITORS

Amounts falling due within one year

8

147,761

148,146

NET CURRENT LIABILITIES

(100,057

)

(103,522

)

TOTAL ASSETS LESS CURRENT LIABILITIES

125,210

123,245

CREDITORS

Amounts falling due after more than one year

9

(7,500

)

(7,500

)

PROVISIONS FOR LIABILITIES

(7,670

)

(7,670

)

NET ASSETS

110,040

108,075

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

10

79,989

79,989

Retained earnings

30,050

28,085

SHAREHOLDERS' FUNDS

110,040

108,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 August 2026 and were signed on its behalf by:

D Poggiagliolmi - Director

G Paggetti - Director

1.	STATUTORY INFORMATION

Fenix Associates 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.

Turnover

Turnover represents net sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost

Fixtures and fittings - 20% on cost

Computer equipment - 33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

4,967

2,686

1,962

9,615

Additions

769

-

-

769

Disposals

(32

)

(97

)

-

(129

)

At 31 December 2025

5,704

2,589

1,962

10,255

DEPRECIATION

At 1 January 2025

3,041

1,391

1,416

5,848

Charge for year

1,148

575

546

2,269

Eliminated on disposal

(32

)

(97

)

-

(129

)

At 31 December 2025

4,157

1,869

1,962

7,988

NET BOOK VALUE

At 31 December 2025

1,547

720

-

2,267

At 31 December 2024

1,926

1,295

546

3,767

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

223,000

NET BOOK VALUE

At 31 December 2025

223,000

At 31 December 2024

223,000

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

1,555

4,694

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

6,500

Other debtors

1,738

2,360

1,738

8,860

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1

1

Taxation and social security

4,524

5,067

Other creditors

143,236

143,078

147,761

148,146

Other creditors comprises a loan of £128,750 which will be repaid one week after the completion date of the contract of sale of the investment property. When all receipts and payments due with respect to the transaction have been made and all expenses and taxes have been deducted, the lender will receive 20% of the net profits on the sale of the investment property.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

7,500

7,500

The lender of the £7,500 loan has waived all rights to the loan and the full amount remains in the company.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

79,989