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REGISTERED NUMBER: 08028348 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PSYCH HEALTH SOLUTIONS LIMITED

PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

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


PSYCH HEALTH SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr N Greenberg
Mrs K Greenberg





SECRETARY: Dr N Greenberg





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Hampshire
PO16 9XS





BUSINESS ADDRESS: 25 Albany Road
Southsea
Hampshire
PO5 2AB





REGISTERED NUMBER: 08028348 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 90,350 90,350

CURRENT ASSETS
Debtors 5 566,586 101,756
Investments 6 3,008,849 2,178,254
Cash at bank 1,138,314 1,392,733
4,713,749 3,672,743
CREDITORS
Amounts falling due within one year 7 139,990 116,829
NET CURRENT ASSETS 4,573,759 3,555,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,664,109

3,646,264

CREDITORS
Amounts falling due after more than one
year

8

2,426

2,285
NET ASSETS 4,661,683 3,643,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,661,583 3,643,879
SHAREHOLDERS' FUNDS 4,661,683 3,643,979

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.

PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





Dr N Greenberg - Director


PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

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


1. STATUTORY INFORMATION

Psych Health Solutions 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 represents services provided net of V.A.T. and trade discounts.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
Pension contributions are charged to the profit and loss account in the period in which they are paid.

Investments
Listed investments are shown at market value.

Other investments are written down over the expected life of the investment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 90,350
NET BOOK VALUE
At 31 March 2024 90,350
At 31 March 2023 90,350

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 52,712 98,163
Other debtors 13,874 3,593
66,586 101,756

Amounts falling due after more than one year:
Amounts owed by associates 500,000 -

Aggregate amounts 566,586 101,756

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 3,008,849 2,178,254

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 131,366 114,415
Other creditors 8,624 2,414
139,990 116,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,426 2,285

PSYCH HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 08028348)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,426 2,285