REGISTERED NUMBER: 09917717 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

PHOENIX RUNNING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Vercoe

Mrs L E Vercoe

REGISTERED OFFICE:

8 Felcott Road

Hersham

Walton-On-Thames

Surrey

KT12 5NS

REGISTERED NUMBER:

09917717 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

15,850

500

Tangible assets

5

17,241

20,168

Investment property

6

250,000

250,000

283,091

270,668

CURRENT ASSETS

Debtors

7

1,672

1,623

Cash at bank

88,358

64,099

90,030

65,722

CREDITORS

Amounts falling due within one year

8

(23,262

)

(25,829

)

NET CURRENT ASSETS

66,768

39,893

TOTAL ASSETS LESS CURRENT LIABILITIES

349,859

310,561

PROVISIONS FOR LIABILITIES

(6,537

)

(9,314

)

NET ASSETS

343,322

301,247

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

343,320

301,245

343,322

301,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24th September 2026 and were signed on its behalf by:

Mr R J Vercoe - Director

1.	STATUTORY INFORMATION

Phoenix Running Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% 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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1st January 2025

26,778

Additions

5,306

At 31st December 2025

32,084

AMORTISATION

At 1st January 2025

26,278

Amortisation for year

11,154

Charge written back

(21,198

)

At 31st December 2025

16,234

NET BOOK VALUE

At 31st December 2025

15,850

At 31st December 2024

500

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2025

21,772

38,465

6,113

66,350

Additions

2,217

-

1,684

3,901

At 31st December 2025

23,989

38,465

7,797

70,251

DEPRECIATION

At 1st January 2025

9,410

32,837

3,935

46,182

Charge for year

3,645

1,408

1,775

6,828

At 31st December 2025

13,055

34,245

5,710

53,010

NET BOOK VALUE

At 31st December 2025

10,934

4,220

2,087

17,241

At 31st December 2024

12,362

5,628

2,178

20,168

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

and 31st December 2025

250,000

NET BOOK VALUE

At 31st December 2025

250,000

At 31st December 2024

250,000

Fair value at 31st December 2025 is represented by:

£

Valuation in 2022

232,833

Valuation in 2022

17,167

250,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Prepayments and accrued income

1,672

1,623

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Corporation tax

13,444

15,885

VAT

7,968

8,094

Accruals and deferred income

1,850

1,850

23,262

25,829