IRIS Accounts Production v23.3.1.45 01062244 Board of Directors 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010622442022-02-28010622442023-02-28010622442022-03-012023-02-28010622442021-02-28010622442021-03-012022-02-28010622442022-02-2801062244ns10:Originalns15:EnglandWales2022-03-012023-02-2801062244ns14:PoundSterlingns10:Original2022-03-012023-02-2801062244ns10:Originalns10:Director12022-03-012023-02-2801062244ns10:Original2022-03-012023-02-2801062244ns10:Original2023-02-2801062244ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2801062244ns10:Originalns10:SmallEntities2022-03-012023-02-2801062244ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2801062244ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2801062244ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2801062244ns10:Originalns10:FullAccounts2022-03-012023-02-2801062244ns10:Original2021-03-012022-02-2801062244ns10:Originalns10:Director32022-03-012023-02-2801062244ns10:Originalns10:RegisteredOffice2022-03-012023-02-2801062244ns10:Original2022-02-2801062244ns10:Originalns5:CurrentFinancialInstruments2023-02-2801062244ns10:Originalns5:CurrentFinancialInstruments2022-02-2801062244ns5:ShareCapitalns10:Original2023-02-2801062244ns5:ShareCapitalns10:Original2022-02-2801062244ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2801062244ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2801062244ns10:Originalns5:CostValuation2022-02-2801062244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2801062244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 01062244 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PSIDIUM LIMITED

PSIDIUM LIMITED (REGISTERED NUMBER: 01062244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSIDIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: G L Williams
K D Jones





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 01062244 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

PSIDIUM LIMITED (REGISTERED NUMBER: 01062244)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 16,851 16,851

CURRENT ASSETS
Debtors 5 343,570 291,712
Cash at bank 793,388 829,579
1,136,958 1,121,291
CREDITORS
Amounts falling due within one year 6 5,179 2,100
NET CURRENT ASSETS 1,131,779 1,119,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,630

1,136,042

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,148,530 1,135,942
SHAREHOLDERS' FUNDS 1,148,630 1,136,042

PSIDIUM LIMITED (REGISTERED NUMBER: 01062244)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 29 November 2023 and were signed on its behalf by:





G L Williams - Director


PSIDIUM LIMITED (REGISTERED NUMBER: 01062244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Psidium 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Psidium Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable from rents and is recognised when the right to consideration is earned.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 significant and material 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.

3. AVERAGE NUMBER OF EMPLOYEES

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

PSIDIUM LIMITED (REGISTERED NUMBER: 01062244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 16,851
NET BOOK VALUE
At 28 February 2023 16,851
At 28 February 2022 16,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,130 3,770
Amounts owed by group undertakings 231,556 186,556
Amounts owed by connected companies 99,000 99,000
Other debtors 8,884 2,386
343,570 291,712

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,953 -
Other creditors 2,226 2,100
5,179 2,100

7. RELATED PARTY DISCLOSURES

Amounts owed by group undertakings and connected companies are interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is P & A Holdings Limited, a company registered in the Channel Islands.