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REGISTERED NUMBER: 09262542 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PFS PROPERTY HOLDINGS LIMITED

PFS PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09262542)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PFS PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr P Staff





REGISTERED OFFICE: 18 Glasshouse Studios
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX





REGISTERED NUMBER: 09262542 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

PFS PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09262542)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 315,000

CURRENT ASSETS
Debtors 5 246 -
Cash in hand - 1
246 1
CREDITORS
Amounts falling due within one year 6 331,738 309,950
NET CURRENT LIABILITIES (331,492 ) (309,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,492

)

5,051

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (81,493 ) 5,050
SHAREHOLDERS' FUNDS (81,492 ) 5,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director and authorised for issue on 14 February 2024 and were signed by:





Mr P Staff - Director


PFS PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09262542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

PFS Property Holdings 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 as modified by the revaluation of certain assets.

Going concern
At 31 March 2023, the company had net current liabilities of £331,492 and net liabilities of £81,492. Included within other creditors due within one year is an amount of £328,754 due to the director of the company. The director will not seek repayment of this loan to the detriment of other creditors and will continue to provide the company with financial support as and when required. The director therefore considers it appropriate to prepare the accounts on a going concern basis.

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.

Revenue recognition
Rental income is recognised on a straight-line basis over the term of the relevant lease.

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.

3. EMPLOYEES AND DIRECTORS

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

PFS PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09262542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 315,000
Additions 16,439
Revaluations (81,439 )
At 31 March 2023 250,000
NET BOOK VALUE
At 31 March 2023 250,000
At 31 March 2022 315,000

The director values the company's investment property portfolio annually at the balance sheet date. The director assesses the open market value of the company's investment property on the basis of local market conditions and their own knowledge and experience.

The historical cost of the company's investment property was £331,439 (2022 - £315,000).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 246 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,020 -
Taxation and social security 1,185 1,185
Other creditors 329,533 308,765
331,738 309,950

7. CALLED UP SHARE CAPITAL

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