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REGISTERED NUMBER: 04465981 (England and Wales)



















PSA PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


PSA PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P Allison
Miss M K Toon





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 04465981 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,350 -
Investment property 5 1,350,000 1,350,000
1,361,350 1,350,000

CURRENT ASSETS
Debtors 6 150,015 147,333
Cash at bank 75,431 77,770
225,446 225,103
CREDITORS
Amounts falling due within one year 7 539,272 568,810
NET CURRENT LIABILITIES (313,826 ) (343,707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,524

1,006,293

PROVISIONS FOR LIABILITIES 65,613 49,866
NET ASSETS 981,911 956,427

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 332,409 348,156
Retained earnings 649,501 608,270
SHAREHOLDERS' FUNDS 981,911 956,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 January 2025 and were signed on its behalf by:



Mr P Allison - Director


PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

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


1. STATUTORY INFORMATION

PSA Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 9,261 - 8,739 18,000
Additions - 12,850 - 12,850
At 30 April 2024 9,261 12,850 8,739 30,850
DEPRECIATION
At 1 May 2023 9,261 - 8,739 18,000
Charge for year - 1,500 - 1,500
At 30 April 2024 9,261 1,500 8,739 19,500
NET BOOK VALUE
At 30 April 2024 - 11,350 - 11,350
At 30 April 2023 - - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,350,000
NET BOOK VALUE
At 30 April 2024 1,350,000
At 30 April 2023 1,350,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 1,350,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 951,978 951,978

The investment properties were valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,382 426
Other debtors 134,463 134,463
Directors' current accounts 14,033 12,349
Prepayments and accrued income 137 95
150,015 147,333

PSA PROPERTIES LTD (REGISTERED NUMBER: 04465981)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 381,131 416,201
Trade creditors - 15
Corporation tax 40,659 36,044
VAT 5,593 5,013
Other creditors 109,716 109,716
Accruals and deferred income 2,173 1,821
539,272 568,810

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 348,156
Deferred tax adjustment on
revalued assets (15,747 )

At 30 April 2024 332,409

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr P Allison
Balance outstanding at start of year 12,349 12,135
Amounts advanced 14,684 13,240
Amounts repaid (13,000 ) (13,026 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,033 12,349