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Registered number: 13984057
Psycholegal Experts Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13984057
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,685 -
Investment Properties 5 332,420 332,420
Investments 6 50,253 50,253
384,358 382,673
CURRENT ASSETS
Debtors 7 499,854 580,858
Cash at bank and in hand 117,310 2,540
617,164 583,398
Creditors: Amounts Falling Due Within One Year 8 (73 ) -
NET CURRENT ASSETS (LIABILITIES) 617,091 583,398
TOTAL ASSETS LESS CURRENT LIABILITIES 1,001,449 966,071
NET ASSETS 1,001,449 966,071
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 1,001,447 966,069
SHAREHOLDERS' FUNDS 1,001,449 966,071
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Alison Hoskins
Director
7 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Psycholegal Experts Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13984057 . The registered office is New Mill, Chestnut Lane, Stroud, GL5 3EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% straight line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 -
Additions 2,515
As at 31 March 2024 2,515
Depreciation
As at 1 April 2023 -
Provided during the period 830
As at 31 March 2024 830
Net Book Value
As at 31 March 2024 1,685
As at 1 April 2023 -
Page 3
Page 4
5. Investment Property
31 March 2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 332,420
6. Investments
Subsidiaries
£
Cost
As at 1 April 2023 50,253
As at 31 March 2024 50,253
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 50,253
As at 1 April 2023 50,253
7. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 2,500 -
Directors' loan accounts - 5,127
Amounts owed by group undertakings 497,354 575,731
499,854 580,858
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Directors' loan accounts 73 -
Page 4
Page 5
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr Alison Hoskins 5,127 - (5,200 ) - (73 )
The above loan is unsecured, interest free and repaid during the year.
Page 5