PSN Property Investments Limited Filleted Accounts Cover
Registered number
11054288
PSN Property Investments Limited
Filleted Accounts
31 August 2024
PSN Property Investments Limited Balance Sheet Registrar
at
31 August 2024
Company No.
11054288
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
860,272860,320
860,272860,320
Current assets
Debtors
5
2,133
378
Cash at bank and in hand
1,831
2,163
3,964
2,541
Creditors: Amount falling due within one year
6
(268,760)
()
(257,358)
()
Net current liabilities
(264,796)
(254,817)
Total assets less current liabilities
595,476605,503
Creditors: Amounts falling due after more than one year
7
(512,637)
(512,637)
Provisions for liabilities
Deferred taxation
(21,446)
(21,446)
Net assets
61,39371,420
Capital and reserves
Called up share capital
100100
Revaluation reserve
8
64,33964,339
Profit and loss account
8
(3,046)
6,981
Total equity
61,39371,420
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 April 2025 and signed on its behalf by:
P.M. Patel
Director
25 April 2025
PSN Property Investments Limited Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
PSN Property Investments Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11054288
Its registered office is:
44 Shetland Crescent
Rochford
Essex
SS4 3FJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
15% reducing balance
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost or revaluation
At 1 September 2023
860,000720860,720
At 31 August 2024
860,000720860,720
Depreciation
At 1 September 2023
-400400
Charge for the year
-4848
At 31 August 2024
-448448
Net book values
At 31 August 2024
860,000272860,272
At 31 August 2023
860,000
320
860,320
5
Debtors
2024
2023
£
£
Corporation tax recoverable
1,696-
Other debtors
437378
2,133378
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
-
725
Loans from directors
267,770254,892
Other creditors
9901,741
268,760257,358
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
512,637512,637
512,637512,637
8
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 September 2022
64,339
64,339
At 31 August 2023 and 1 September 2023
64,339
64,339
At 31 August 2024
64,33964,339
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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