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REGISTERED NUMBER: 11052887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PSF PROFESSIONAL SERVICES LIMITED

PSF PROFESSIONAL SERVICES LIMITED (REGISTERED NUMBER: 11052887)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PSF PROFESSIONAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: STV Nominee Ltd
J R Hatchard





REGISTERED OFFICE: Vestry House
Laurence Pountney Hill
London
EC4A 0EH





REGISTERED NUMBER: 11052887 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

PSF PROFESSIONAL SERVICES LIMITED (REGISTERED NUMBER: 11052887)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 4 482,649 730,262
Cash at bank 3,052 7,328
485,701 737,590
CREDITORS
Amounts falling due within one year 5 24,815 14,655
NET CURRENT ASSETS 460,886 722,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,886

722,935

CAPITAL AND RESERVES
Called up share capital 6 10,699,868 10,699,868
Capital contribution reserve - 71,497
Retained earnings (10,238,982 ) (10,048,430 )
SHAREHOLDERS' FUNDS 460,886 722,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 27 November 2024 and were signed on its behalf by:



J R Hatchard - Director


PSF PROFESSIONAL SERVICES LIMITED (REGISTERED NUMBER: 11052887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PSF Professional Services 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.

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

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.

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.

Going concern
The Directors have prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 6 ).

PSF PROFESSIONAL SERVICES LIMITED (REGISTERED NUMBER: 11052887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 24,632
Amounts owed by group undertakings 481,818 700,373
Other debtors 831 2,779
Social security and tax - 2,340
Prepayments and accrued income - 138
482,649 730,262

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,809 509
Amounts owed to group undertakings 10,061 10,061
Other creditors 308 308
Accrued expenses 10,637 3,777
24,815 14,655

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
10,699,868 Ordinary 1 10,699,868 10,699,868

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £10,000 (2023: £10,000) to PSH Trustee Limited, and £61 (2023: £61) to PSF Benefit Services Ltd.

The company was owed £Nil (2023: £253,932) by PSF Capital Reserve LP, £164,841 (2023: £129,464) by Global Pension Corporation Limited, £12,463 (2023: £12,463) by PSF Holdings Ltd, £301,207 (2023: £301,207) by PSH (Scotland) GP Limited, and £3,307 (2023: £3,307) by PSF Sponsor Ltd.

The intercompany balances have arisen from recharging of costs between entities within the Pension Superfund structure where they have either settled costs on behalf of another entity within the group or charged for services in relation to the establishment of the Pension Superfund.

During the year the Company invoiced PSF Capital Reserve LP £6,000, this is included within Turnover for the year.

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent is PSF Capital (Scotland) LP and the ultimate controlling entity is Pension SuperFund Capital Holdings Ltd.