Phoenix Wharf Design Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09364358 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PHOENIX WHARF DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Gwyther

P G Atherton

C E Menzies

S L Rowe

REGISTERED OFFICE:

Unit 1.1

Paintworks

Bath Road

Bristol

BS4 3EH

REGISTERED NUMBER:

09364358 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

-

83

CURRENT ASSETS

Debtors

5

39,423

15,010

Cash at bank

9,751

9,277

49,174

24,287

CREDITORS

Amounts falling due within one year

6

47,944

22,726

NET CURRENT ASSETS

1,230

1,561

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230

1,644

PROVISIONS FOR LIABILITIES

7

-

16

NET ASSETS

1,230

1,628

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,130

1,528

SHAREHOLDERS' FUNDS

1,230

1,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 13 September 2023 and were signed on its behalf by:

S L Rowe - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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 7 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2022

and 31 December 2022

821

16,059

16,880

DEPRECIATION

At 1 January 2022

821

15,976

16,797

Charge for year

-

83

83

At 31 December 2022

821

16,059

16,880

NET BOOK VALUE

At 31 December 2022

-

-

-

At 31 December 2021

-

83

83

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

14,940

13,944

Amounts owed by group undertakings

24,250

-

Other debtors

233

1,066

39,423

15,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

70

302

Amounts owed to group undertakings

365

-

Taxation and social security

23,176

15,247

Other creditors

24,333

7,177

47,944

22,726

7.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Deferred tax

Accelerated capital allowances

-

16

Deferred

tax

£

Balance at 1 January 2022

16

Reversal of timing differences

(16

)

Balance at 31 December 2022

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

75

Ordinary A

£1.00

75

75

25

Ordinary B

£1.00

25

25

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £24,250 (2021: £10,344) by Ignition DG Limited and is shown within other debtors. Ignition DG Limited is a subsidiary in the same group as the company.

At the balance sheet date the company owed £365 (2021: £nil) to Istoria Group Limited and is included within other creditors. Istoria Group Limited is a management company in the same group as the company.

Unless otherwise stated all transactions were conducted under normal market conditions.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C E Menzies.

11.	ULTIMATE PARENT COMPANY

The Istoria Group Limited is regarded by the directors as being the company's ultimate parent company. The Istoria Group Limited's registered office is the same as the company.