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REGISTERED NUMBER: 03181005 (England and Wales)















P.S.G INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

P.S.G INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Gug





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 03181005 (England and Wales)






P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,087,565 2,088,622

CURRENT ASSETS
Debtors 5 20,372 22,398
Cash at bank and in hand 696,073 712,601
716,445 734,999
CREDITORS
Amounts falling due within one year 6 1,833,000 1,798,453
NET CURRENT LIABILITIES (1,116,555 ) (1,063,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,010

1,025,168

CREDITORS
Amounts falling due after more than one
year

7

(31,136

)

(36,805

)

PROVISIONS FOR LIABILITIES (207 ) (408 )
NET ASSETS 939,667 987,955

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserves 279,050 279,050
Retained earnings 660,517 708,805
SHAREHOLDERS' FUNDS 939,667 987,955

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 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.

P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

BALANCE SHEET - continued
31 MARCH 2024


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 25 November 2024 and were signed by:





S Gug - Director


P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

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


1. STATUTORY INFORMATION

P.s.g Investments 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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.

Freehold property
No depreciation is provided on freehold property which is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. The director considers depreciation not to be appropriate because it is only one of many factors reflected in the annual valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified. The director considers that this policy results in the accounts giving a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 2,086,475 19,193 2,105,668
DEPRECIATION
At 1 April 2023 - 17,046 17,046
Charge for year - 1,057 1,057
At 31 March 2024 - 18,103 18,103
NET BOOK VALUE
At 31 March 2024 2,086,475 1,090 2,087,565
At 31 March 2023 2,086,475 2,147 2,088,622

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2016 406,116
Cost 1,680,359
2,086,475

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,680,359 1,680,359

Freehold properties were valued on an open market basis on 31 March 2018 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,048 -
Other debtors 9,324 22,398
20,372 22,398

P.S.G INVESTMENTS LIMITED (REGISTERED NUMBER: 03181005)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,618 6,619
Trade creditors 4,581 313
Taxation and social security 18,700 65,550
Other creditors 1,803,101 1,725,971
1,833,000 1,798,453

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,136 36,805

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,663 10,332

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 37,754 43,424

The bank loan is secured by a government guarantee.

P.S.G INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
P.S.G INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P.s.g Investments Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of P.s.g Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.s.g Investments Limited and state those matters that we have agreed to state to the Board of P.s.g Investments Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.s.g Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P.s.g Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.s.g Investments Limited. You consider that P.s.g Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.s.g Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








25 November 2024