IRIS Accounts Production v24.1.4.33 10918257 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109182572022-08-31109182572023-08-31109182572022-09-012023-08-31109182572021-08-31109182572021-09-012022-08-31109182572022-08-3110918257ns15:EnglandWales2022-09-012023-08-3110918257ns14:PoundSterling2022-09-012023-08-3110918257ns10:Director12022-09-012023-08-3110918257ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110918257ns10:SmallEntities2022-09-012023-08-3110918257ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3110918257ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110918257ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110918257ns10:FullAccounts2022-09-012023-08-3110918257ns10:Director22022-09-012023-08-3110918257ns10:RegisteredOffice2022-09-012023-08-3110918257ns5:CurrentFinancialInstruments2023-08-3110918257ns5:CurrentFinancialInstruments2022-08-3110918257ns5:Non-currentFinancialInstruments2023-08-3110918257ns5:Non-currentFinancialInstruments2022-08-3110918257ns5:ShareCapital2023-08-3110918257ns5:ShareCapital2022-08-3110918257ns5:RetainedEarningsAccumulatedLosses2023-08-3110918257ns5:RetainedEarningsAccumulatedLosses2022-08-3110918257ns5:PlantMachinery2022-08-3110918257ns5:PlantMachinery2022-09-012023-08-3110918257ns5:PlantMachinery2023-08-3110918257ns5:PlantMachinery2022-08-31
REGISTERED NUMBER: 10918257 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st August 2023

for

Psw Properties Limited

Psw Properties Limited (Registered number: 10918257)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Psw Properties Limited

Company Information
for the Year Ended 31st August 2023







DIRECTORS: Mr S D Walker
Mrs P Walker





REGISTERED OFFICE: 2 Hungray Lane
Sutton Bonington
Loughborough
Leicestershire
LE12 5NB





REGISTERED NUMBER: 10918257 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
Curzon St. Business Centre
Curzon Street
Burton on Trent
Staffordshire
DE14 2DH

Psw Properties Limited (Registered number: 10918257)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271 361

CURRENT ASSETS
Cash at bank 9,555 9,648

CREDITORS
Amounts falling due within one year 5 14,447 14,447
NET CURRENT LIABILITIES (4,892 ) (4,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,621

)

(4,438

)

CREDITORS
Amounts falling due after more than one
year

6

13,500

13,500
NET LIABILITIES (18,121 ) (17,938 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,123 ) (17,940 )
SHAREHOLDERS' FUNDS (18,121 ) (17,938 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

Psw Properties Limited (Registered number: 10918257)

Balance Sheet - continued
31st August 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 28th August 2024 and were signed on its behalf by:





Mrs P Walker - Director


Psw Properties Limited (Registered number: 10918257)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Psw Properties 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.

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

Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

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

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.

Psw Properties Limited (Registered number: 10918257)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022
and 31st August 2023 641
DEPRECIATION
At 1st September 2022 280
Charge for year 90
At 31st August 2023 370
NET BOOK VALUE
At 31st August 2023 271
At 31st August 2022 361

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Taxation and social security - 2,647
Other creditors 14,446 11,799
14,447 14,447

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 13,500 13,500