1 July 2023 false No description of principal activity Taxfiler 2024.6 10803462business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108034622023-06-30 108034622023-07-012024-06-30 10803462business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 10803462business:FilletedAccounts2023-07-012024-06-30 108034622024-06-30 10803462business:Director22023-07-012024-06-30 10803462business:RegisteredOffice2023-07-012024-06-30 108034622023-06-30 10803462core:WithinOneYear2024-06-30 10803462core:WithinOneYear2023-06-30 10803462core:AfterOneYear2024-06-30 10803462core:AfterOneYear2023-06-30 10803462core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10803462core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10803462core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10803462core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10803462core:PreviouslyStatedAmount2024-06-30 10803462core:PreviouslyStatedAmount2023-06-30 10803462business:SmallEntities2023-07-012024-06-30 10803462countries:EnglandWales2023-07-012024-06-30 10803462core:LandBuildings2023-07-012024-06-30 10803462core:PlantMachinery2023-07-012024-06-30 10803462core:MotorVehicles2023-07-012024-06-30 10803462core:FurnitureFittings2023-07-012024-06-30 10803462core:ComputerEquipment2023-07-012024-06-30 10803462core:LandBuildings2023-06-30 10803462core:FurnitureFittings2023-06-30 10803462core:LandBuildings2024-06-30 10803462core:FurnitureFittings2024-06-30 108034622022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10803462 (England and Wales)
PSL REAL ESTATE LTD Unaudited accounts for the year ended 30 June 2024
PSL REAL ESTATE LTD Unaudited accounts Contents
Page
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PSL REAL ESTATE LTD Company Information for the year ended 30 June 2024
Director
Tawanda Happyson Mudavanhu
Company Number
10803462 (England and Wales)
Registered Office
Innovation Centre Medway Maidstone Road Chatham Kent ME5 9FD England
Accountants
TAWANDA GROUP LTD INNOVATION CENTRE MEDWAY MAIDSTONE ROAD CHATHAM KENT ME5 9FD
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PSL REAL ESTATE LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,300,508 
4,054,891 
Current assets
Debtors
284,550 
108,800 
Cash at bank and in hand
31,513 
37,776 
316,063 
146,576 
Creditors: amounts falling due within one year
(50,000)
- 
Net current assets
266,063 
146,576 
Total assets less current liabilities
4,566,571 
4,201,467 
Creditors: amounts falling due after more than one year
(5,265,676)
(4,430,610)
Net liabilities
(699,105)
(229,143)
Capital and reserves
Called up share capital
100 
54,831 
Profit and loss account
(699,205)
(283,974)
Shareholders' funds
(699,105)
(229,143)
For the year ending 30 June 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Tawanda Happyson Mudavanhu Director Company Registration No. 10803462
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PSL REAL ESTATE LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PSL REAL ESTATE LTD is a private company, limited by shares, registered in England and Wales, registration number 10803462. The registered office is Innovation Centre Medway, Maidstone Road, Chatham, Kent, ME5 9FD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
3,990,331 
81,610 
4,071,941 
Additions
185,619 
85,825 
271,444 
At 30 June 2024
4,175,950 
167,435 
4,343,385 
Depreciation
At 1 July 2023
- 
17,050 
17,050 
Charge for the year
- 
25,827 
25,827 
At 30 June 2024
- 
42,877 
42,877 
Net book value
At 30 June 2024
4,175,950 
124,558 
4,300,508 
At 30 June 2023
3,990,331 
64,560 
4,054,891 
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PSL REAL ESTATE LTD Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,050 
- 
Other debtors
264,500 
108,800 
284,550 
108,800 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
50,000 
- 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,132,922 
1,426,150 
Other creditors
3,896,475 
2,947,279 
Loans from directors
236,279 
57,181 
5,265,676 
4,430,610 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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