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Company Registration No. 10873914 (England and Wales)
Phase One Investment Limited Unaudited accounts for the year ended 31 January 2026
Phase One Investment Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Phase One Investment Limited Company Information for the year ended 31 January 2026
Directors
A Kearns E Kearns D Kearns
Company Number
10873914 (England and Wales)
Registered Office
22 Grenfell Road Manchester Lancashire M20 6TQ England
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Phase One Investment Limited Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
250 
500 
Investment property
5
524,655 
445,000 
524,905 
445,500 
Current assets
Cash at bank and in hand
3,152 
4,472 
Creditors: amounts falling due within one year
6
(134,873)
(117,900)
Net current liabilities
(131,721)
(113,428)
Total assets less current liabilities
393,184 
332,072 
Creditors: amounts falling due after more than one year
7
(288,299)
(232,271)
Net assets
104,885 
99,801 
Capital and reserves
Called up share capital
4 
4 
Fair value reserve
84,412 
84,412 
Profit and loss account
20,469 
15,385 
Shareholders' funds
104,885 
99,801 
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by
A Kearns Director Company Registration No. 10873914
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Phase One Investment Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Phase One Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10873914. The registered office is 22 Grenfell Road, Manchester, Lancashire, M20 6TQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2025
2,500 
At 31 January 2026
2,500 
Depreciation
At 1 February 2025
2,000 
Charge for the year
250 
At 31 January 2026
2,250 
Net book value
At 31 January 2026
250 
At 31 January 2025
500 
5
Investment property
2026 
£ 
Fair value at 1 February 2025
445,000 
Additions
69,000 
Net gain from fair value adjustments
10,655 
At 31 January 2026
524,655 
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Phase One Investment Limited Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Taxes and social security
25,738 
26,027 
Other creditors
551 
552 
Loans from directors
104,097 
86,834 
Accruals
3,387 
3,387 
Deferred income
1,100 
1,100 
134,873 
117,900 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
288,299 
232,271 
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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