REGISTERED NUMBER: 12175046 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PHOENIX CAPITAL I LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Ali

SECRETARY:

I Ali

REGISTERED OFFICE:

11 Whitehall Road

Rugby

United Kingdom

CV21 3AE

REGISTERED NUMBER:

12175046 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

Lakeside House

4 Smith Way

Grove Park

Leicester

LE19 1SX

FIXED ASSETS

Investment property

4

872,276

865,410

CURRENT ASSETS

Debtors

5

6,701

8,319

Cash at bank

16,819

2,591

23,520

10,910

CREDITORS

Amounts falling due within one year

6

(157,490

)

(345,717

)

NET CURRENT LIABILITIES

(133,970

)

(334,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

738,306

530,603

CREDITORS

Amounts falling due after more than one year

7

(827,493

)

(615,067

)

NET LIABILITIES

(89,187

)

(84,464

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(89,191

)

(84,468

)

(89,187

)

(84,464

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2026 and were signed by:

I Ali - Director

1.	STATUTORY INFORMATION

Phoenix Capital I Ltd is a limited company, registered in England and Wales. Its registered office address is 11 Whitehall Road, Rugby, United Kingdom, CV21 3AE and the registered number is 12175046.

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 as modified by the revaluation of certain assets.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Going concern

At the year end the company had net current liabilities of £133,970 (2024: £334,807) and net liabilities of £89,187 (2024: £84,464). The director has considered this and prepared the financial statements on a going concern basis. The director has confirmed that he will continue to support the company financially for the foreseeable future.

Turnover

Turnover represents rents receivable from investment properties and lease surrenders.

This turnover is recognised as it falls due, in accordance with the lease to which it relates. Any lease incentives are spread evenly across the period of the lease.

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.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or direct in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowance have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

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

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

865,410

Revaluations

6,866

At 31 August 2025

872,276

NET BOOK VALUE

At 31 August 2025

872,276

At 31 August 2024

865,410

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

6,866

Cost

865,410

872,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

294

44

Other debtors

6,407

8,275

6,701

8,319

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to participating interests

45,050

39,670

Other creditors

112,440

306,047

157,490

345,717

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

827,493

615,067

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years by instalments

827,493

615,067

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,672

3,672

Between one and five years

7,344

11,016

11,016

14,688

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

827,493

615,067

On 31 August 2024, a fixed charge was registered over the assets of the company in relation to an increase in credit facility provided by a lender.

10.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £294 (2024: creditor of £44) by companies under common control.

At the year end, the company owed £45,050 (2024: £39,670) to companies under common control.