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REGISTERED NUMBER: 09205505 (England and Wales)















PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr B M Mattock





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 09205505 (England and Wales)

PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 16,996 27,272
Property, plant and equipment 5 3,133 3,803
Investments 6 1 1
20,130 31,076

CURRENT ASSETS
Debtors 7 658,621 499,006
Cash at bank and in hand 313,662 173,211
972,283 672,217
CREDITORS
Amounts falling due within one year 8 (778,123 ) (608,112 )
NET CURRENT ASSETS 194,160 64,105
TOTAL ASSETS LESS CURRENT LIABILITIES 214,290 95,181

CREDITORS
Amounts falling due after more than one
year

9

(79,785

)

(105,351

)

PROVISIONS FOR LIABILITIES (783 ) -
NET ASSETS/(LIABILITIES) 133,722 (10,170 )

PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves - 7,547
Retained earnings 133,622 (17,817 )
SHAREHOLDERS' FUNDS 133,722 (10,170 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mr B M Mattock - Director


PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Property Solutions Group (South East) 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 (£) and the financial statements
are rounded to the nearest Pound.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% straight line
Motor vehicles - 33.33% straight line
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost.


PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments
The company has granted equity-settled share based payments to some of the employees.

The fair value of the options determined at the grant date and are expensed in this company, with a
corresponding increase in equity, on a straight-line basis over the vesting period, based on the estimate of
shares that will eventually vest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 39,826
Additions 1,411
At 30 June 2024 41,237
AMORTISATION
At 1 July 2023 12,554
Charge for year 11,687
At 30 June 2024 24,241
NET BOOK VALUE
At 30 June 2024 16,996
At 30 June 2023 27,272

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 8,584 3,657 3,422 15,663
Additions - - 3,462 3,462
Disposals - (3,657 ) - (3,657 )
At 30 June 2024 8,584 - 6,884 15,468
DEPRECIATION
At 1 July 2023 7,718 1,905 2,237 11,860
Charge for year 733 - 1,647 2,380
Eliminated on disposal - (1,905 ) - (1,905 )
At 30 June 2024 8,451 - 3,884 12,335
NET BOOK VALUE
At 30 June 2024 133 - 3,000 3,133
At 30 June 2023 866 1,752 1,185 3,803

PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 537,009 385,062
Amounts due from subsidiary undertaking 90,034 97,413
Other debtors - 8,233
Deferred tax asset - 3,136
Prepayments and accrued income 31,578 5,162
658,621 499,006

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,567 23,855
Trade creditors 378,874 253,862
Taxation and social security 127,091 63,559
Other creditors 246,591 266,836
778,123 608,112

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 79,785 105,351

PROPERTY SOLUTIONS GROUP (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 09205505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,968 29,259
Between one and five years 135,954 53,222
In more than five years 120,320 -
297,242 82,481