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
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
PSL REAL ESTATE LTD
Statement of financial position
as at 30 June 2024
Tangible assets
4,300,508
4,054,891
Cash at bank and in hand
31,513
37,776
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)
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
PSL REAL ESTATE LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 1 July 2023
-
17,050
17,050
Charge for the year
-
25,827
25,827
At 30 June 2024
-
42,877
42,877
At 30 June 2024
4,175,950
124,558
4,300,508
At 30 June 2023
3,990,331
64,560
4,054,891
PSL REAL ESTATE LTD
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Other debtors
264,500
108,800
6
Creditors: amounts falling due within one year
2024
2023
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
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).