IRIS Accounts Production v25.1.0.734 14313694 director 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143136942023-08-31143136942024-08-31143136942023-09-012024-08-31143136942022-08-22143136942022-08-232023-08-31143136942023-08-3114313694ns15:EnglandWales2023-09-012024-08-3114313694ns14:PoundSterling2023-09-012024-08-3114313694ns10:Director12023-09-012024-08-3114313694ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3114313694ns10:SmallEntities2023-09-012024-08-3114313694ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3114313694ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3114313694ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3114313694ns10:FullAccounts2023-09-012024-08-3114313694ns10:RegisteredOffice2023-09-012024-08-3114313694ns5:CurrentFinancialInstruments2024-08-3114313694ns5:CurrentFinancialInstruments2023-08-3114313694ns5:Non-currentFinancialInstruments2024-08-3114313694ns5:Non-currentFinancialInstruments2023-08-3114313694ns5:ShareCapital2024-08-3114313694ns5:ShareCapital2023-08-3114313694ns5:RetainedEarningsAccumulatedLosses2024-08-3114313694ns5:RetainedEarningsAccumulatedLosses2023-08-3114313694ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3114313694ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3114313694ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3114313694ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3114313694ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3114313694ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3114313694ns5:RetainedEarningsAccumulatedLosses2023-08-3114313694ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 14313694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PSS HOLDINGS LIMITED

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSS HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTOR: Mr R Clark





REGISTERED OFFICE: c/o BAND
111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 14313694 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,040,270 1,040,270

CURRENT ASSETS
Debtors 5 100 302
Investments 6 100 100
Cash at bank 8,067 7,450
8,267 7,852
CREDITORS
Amounts falling due within one year 7 433,391 417,540
NET CURRENT LIABILITIES (425,124 ) (409,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,146

630,582

CREDITORS
Amounts falling due after more than one
year

8

(600,402

)

(622,433

)

PROVISIONS FOR LIABILITIES (4,853 ) (4,853 )
NET ASSETS 9,891 3,296

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 9,791 3,196
SHAREHOLDERS' FUNDS 9,891 3,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

BALANCE SHEET - continued
31 August 2024


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 director and authorised for issue on 23 May 2025 and were signed by:





Mr R Clark - Director


PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Pss Holdings Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Pss Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,040,270
NET BOOK VALUE
At 31 August 2024 1,040,270
At 31 August 2023 1,040,270

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 19,412
Cost 1,020,858
1,040,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100
Prepayments and accrued income - 202
100 302

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 22,031 19,987
Amounts owed to group undertakings 398,010 394,203
Other creditors 100 100
Accruals and deferred income 13,250 3,250
433,391 417,540

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 600,402 622,433

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more
than 5 years 487,315 519,842
487,315 519,842

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,031 19,987

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,284 22,031

Amounts falling due between two and five years:
Bank loans - 2-5 years 88,803 80,560

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more
than 5 years 487,315 519,842
487,315 519,842

During the year the company entered into a loan agreement with Lloyds bank. An omnibus loan agreement exists holding a fixed and floating charge over all assets of the Company and its subsidiary's.

PSS HOLDINGS LIMITED (REGISTERED NUMBER: 14313694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


10. RESERVES
Retained
earnings
£   

At 1 September 2023 3,196
Profit for the year 269,195
Dividends (262,600 )
At 31 August 2024 9,791

11. RELATED PARTY DISCLOSURES

Premier Sports Solutions Limited

At the balance sheet date £398,010 (2023: £394,203) was owed to the subsidiary company above. This amount is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Clark.