Acorah Software Products - Accounts Production 16.1.300 false true false 2 November 2023 30 November 2024 30 November 2024 15255797 Mr Chris Mullen Mr James Mullen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15255797 2023-11-01 15255797 2024-11-30 15255797 2023-11-02 2024-11-30 15255797 frs-core:CurrentFinancialInstruments 2024-11-30 15255797 frs-core:Non-currentFinancialInstruments 2024-11-30 15255797 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 15255797 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-02 2024-11-30 15255797 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 15255797 frs-core:ShareCapital 2024-11-30 15255797 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 15255797 frs-bus:PrivateLimitedCompanyLtd 2023-11-02 2024-11-30 15255797 frs-bus:FilletedAccounts 2023-11-02 2024-11-30 15255797 frs-bus:SmallEntities 2023-11-02 2024-11-30 15255797 frs-bus:AuditExempt-NoAccountantsReport 2023-11-02 2024-11-30 15255797 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-02 2024-11-30 15255797 frs-bus:Director1 2023-11-02 2024-11-30 15255797 frs-bus:Director2 2023-11-02 2024-11-30 15255797 frs-countries:EnglandWales 2023-11-02 2024-11-30
Registered number: 15255797
PSM New Builds Ltd
Unaudited Financial Statements
For the Period 2 November 2023 to 30 November 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 15255797
30 November 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 134,212
134,212
CURRENT ASSETS
Cash at bank and in hand 44
44
Creditors: Amounts Falling Due Within One Year 5 (55,314 )
NET CURRENT ASSETS (LIABILITIES) (55,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES 78,942
Creditors: Amounts Falling Due After More Than One Year 6 (84,000 )
NET LIABILITIES (5,058 )
CAPITAL AND RESERVES
Called up share capital 7 100
Income Statement (5,158 )
SHAREHOLDERS' FUNDS (5,058)
For the period ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 3 March 2025 and were signed on its behalf by:
Mr Chris Mullen
Director
Mr James Mullen
Director
3 March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PSM New Builds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15255797 . The registered office is Finance House, 20/21 Aviation Way, Southend on Sea, Essex, SS2 6UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 2 November 2023 -
Additions 134,212
As at 30 November 2024 134,212
Net Book Value
As at 30 November 2024 134,212
As at 2 November 2023 -
5. Creditors: Amounts Falling Due Within One Year
30 November 2024
£
Amounts owed to participating interests 48,914
Other creditors 6,400
55,314
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2024
£
Other loans 84,000
Page 2
Page 3
7. Share Capital
30 November 2024
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
As at 30 November 2024 the company owed £48,914 to Precise Steel and Mechanical Limited in respect of a loan, this company is under the control of common directors.
This loan is interest free and repayable on demand.
Page 3