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Registration number: 13150611

PSA Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

PSA Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

PSA Holdings Ltd

(Registration number: 13150611)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

350

200

Current assets

 

Debtors

200

200

Cash at bank and in hand

 

3,368

3,444

 

3,568

3,644

Creditors: Amounts falling due within one year

(3,114)

(1,460)

Net current assets

 

454

2,184

Net assets

 

804

2,384

Capital and reserves

 

Called up share capital

200

200

Retained earnings

604

2,184

Shareholders' funds

 

804

2,384

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 August 2024
 

.........................................
Mr Kieran Shaun Turner
Director

 

PSA Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW
England

The principal place of business is:
294 Barnacres Road
Hemel Hempstead
Hertfordshire
HP3 8JR

These financial statements were authorised for issue by the director on 13 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

This is a small group which does not prepare group accounts.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

PSA Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

350

200

Subsidiaries

£

Cost or valuation

At 1 February 2023

200

Additions

150

At 31 January 2024

350

Carrying amount

At 31 January 2024

350

At 31 January 2023

200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

M1 Goalkeeping Ltd

Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW

Ordinary

50%

50%

 

PSA Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

PSA Academy Ltd

Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW

Ordinary

100%

100%

Play Sports Coaching Ltd

Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW

Ordinary

50%

50%

Pro Sports Teamwear Limited

Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW

Ordinary

100%

0%

Media Plus Ltd

Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW

Ordinary

50%

0%

Subsidiary undertakings

M1 Goalkeeping Ltd

The principal activity of M1 Goalkeeping Ltd is Football goalkeeper coaching.

PSA Academy Ltd

The principal activity of PSA Academy Ltd is Football coaching. Its financial period end is 31 March.

Play Sports Coaching Ltd

The principal activity of Play Sports Coaching Ltd is Football coaching. Its financial period end is 30 November.

Pro Sports Teamwear Limited

The principal activity of Pro Sports Teamwear Limited is Retail of football kit. Its financial period end is 30 June.

Media Plus Ltd

The principal activity of Media Plus Ltd is Football event photography. Its financial period end is 31 August.

 

PSA Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

200

200

200

200

         

6

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £260.00 (2023 - £130.00) per each Ordinary Shares

52,000

26,000

 

 

7

Parent and ultimate parent undertaking

The ultimate controlling party is Kieran Turner as director and shareholder.