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REGISTERED NUMBER: 04465981 (England and Wales)



















PSA PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PSA PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr P Allison
Miss M K Toon





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 04465981 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,350,000 1,350,000
1,350,000 1,350,000

CURRENT ASSETS
Debtors 6 147,333 149,128
Cash at bank 77,770 70,847
225,103 219,975
CREDITORS
Amounts falling due within one year 7 568,810 598,918
NET CURRENT LIABILITIES (343,707 ) (378,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,006,293

971,057

PROVISIONS FOR LIABILITIES 49,866 49,866
NET ASSETS 956,427 921,191

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 348,156 348,156
Retained earnings 608,270 573,034
SHAREHOLDERS' FUNDS 956,427 921,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

BALANCE SHEET - continued
30 APRIL 2023


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 9 October 2023 and were signed on its behalf by:





Mr P Allison - Director


PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

PSA Properties 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.

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.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 9,261 8,739 18,000
DEPRECIATION
At 1 May 2022
and 30 April 2023 9,261 8,739 18,000
NET BOOK VALUE
At 30 April 2023 - - -
At 30 April 2022 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,350,000
NET BOOK VALUE
At 30 April 2023 1,350,000
At 30 April 2022 1,350,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 1,350,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 951,978 951,978

The investment properties were valued on an open market basis on 30 April 2023 by the directors .

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 426 2,456
Other debtors 134,463 134,463
Directors' current accounts 12,349 12,135
Prepayments and accrued income 95 74
147,333 149,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 416,201 451,484
Trade creditors 15 14
Corporation tax 36,044 32,566
VAT 5,013 4,171
Other creditors 109,716 108,799
Accruals and deferred income 1,821 1,884
568,810 598,918

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 348,156

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr P Allison
Balance outstanding at start of year 12,135 11,053
Amounts advanced 13,240 13,335
Amounts repaid (13,026 ) (12,253 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,349 12,135