2023-10-012024-09-302024-09-30false10981593PSYCH ONE LIMITED2025-05-2968209falseiso4217:GBPxbrli:pure109815932023-10-01109815932024-09-30109815932023-10-012024-09-30109815932022-10-01109815932023-09-30109815932022-10-012023-09-3010981593bus:SmallEntities2023-10-012024-09-3010981593bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3010981593bus:FullAccounts2023-10-012024-09-3010981593bus:PrivateLimitedCompanyLtd2023-10-012024-09-3010981593core:WithinOneYear2024-09-3010981593core:AfterOneYear2024-09-3010981593core:WithinOneYear2023-09-3010981593core:AfterOneYear2023-09-3010981593core:ShareCapital2024-09-3010981593core:SharePremium2024-09-3010981593core:RevaluationReserve2024-09-3010981593core:OtherReservesSubtotal2024-09-3010981593core:RetainedEarningsAccumulatedLosses2024-09-3010981593core:ShareCapital2023-09-3010981593core:SharePremium2023-09-3010981593core:RevaluationReserve2023-09-3010981593core:OtherReservesSubtotal2023-09-3010981593core:RetainedEarningsAccumulatedLosses2023-09-3010981593core:LandBuildings2024-09-3010981593core:PlantMachinery2024-09-3010981593core:Vehicles2024-09-3010981593core:FurnitureFittings2024-09-3010981593core:OfficeEquipment2024-09-3010981593core:NetGoodwill2024-09-3010981593core:IntangibleAssetsOtherThanGoodwill2024-09-3010981593core:ListedExchangeTraded2024-09-3010981593core:UnlistedNon-exchangeTraded2024-09-3010981593core:LandBuildings2023-09-3010981593core:PlantMachinery2023-09-3010981593core:Vehicles2023-09-3010981593core:FurnitureFittings2023-09-3010981593core:OfficeEquipment2023-09-3010981593core:NetGoodwill2023-09-3010981593core:IntangibleAssetsOtherThanGoodwill2023-09-3010981593core:ListedExchangeTraded2023-09-3010981593core:UnlistedNon-exchangeTraded2023-09-3010981593core:LandBuildings2023-10-012024-09-3010981593core:PlantMachinery2023-10-012024-09-3010981593core:Vehicles2023-10-012024-09-3010981593core:FurnitureFittings2023-10-012024-09-3010981593core:OfficeEquipment2023-10-012024-09-3010981593core:NetGoodwill2023-10-012024-09-3010981593core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3010981593core:ListedExchangeTraded2023-10-012024-09-3010981593core:UnlistedNon-exchangeTraded2023-10-012024-09-3010981593core:MoreThanFiveYears2023-10-012024-09-3010981593core:Non-currentFinancialInstruments2024-09-3010981593core:Non-currentFinancialInstruments2023-09-3010981593dpl:CostSales2023-10-012024-09-3010981593dpl:DistributionCosts2023-10-012024-09-3010981593core:LandBuildings2023-10-012024-09-3010981593core:PlantMachinery2023-10-012024-09-3010981593core:Vehicles2023-10-012024-09-3010981593core:FurnitureFittings2023-10-012024-09-3010981593core:OfficeEquipment2023-10-012024-09-3010981593dpl:AdministrativeExpenses2023-10-012024-09-3010981593core:NetGoodwill2023-10-012024-09-3010981593core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3010981593dpl:GroupUndertakings2023-10-012024-09-3010981593dpl:ParticipatingInterests2023-10-012024-09-3010981593dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3010981593core:ListedExchangeTraded2023-10-012024-09-3010981593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3010981593core:UnlistedNon-exchangeTraded2023-10-012024-09-3010981593dpl:CostSales2022-10-012023-09-3010981593dpl:DistributionCosts2022-10-012023-09-3010981593core:LandBuildings2022-10-012023-09-3010981593core:PlantMachinery2022-10-012023-09-3010981593core:Vehicles2022-10-012023-09-3010981593core:FurnitureFittings2022-10-012023-09-3010981593core:OfficeEquipment2022-10-012023-09-3010981593dpl:AdministrativeExpenses2022-10-012023-09-3010981593core:NetGoodwill2022-10-012023-09-3010981593core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3010981593dpl:GroupUndertakings2022-10-012023-09-3010981593dpl:ParticipatingInterests2022-10-012023-09-3010981593dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3010981593core:ListedExchangeTraded2022-10-012023-09-3010981593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3010981593core:UnlistedNon-exchangeTraded2022-10-012023-09-3010981593core:NetGoodwill2024-09-3010981593core:IntangibleAssetsOtherThanGoodwill2024-09-3010981593core:LandBuildings2024-09-3010981593core:PlantMachinery2024-09-3010981593core:Vehicles2024-09-3010981593core:FurnitureFittings2024-09-3010981593core:OfficeEquipment2024-09-3010981593core:AfterOneYear2024-09-3010981593core:WithinOneYear2024-09-3010981593core:ListedExchangeTraded2024-09-3010981593core:UnlistedNon-exchangeTraded2024-09-3010981593core:ShareCapital2024-09-3010981593core:SharePremium2024-09-3010981593core:RevaluationReserve2024-09-3010981593core:OtherReservesSubtotal2024-09-3010981593core:RetainedEarningsAccumulatedLosses2024-09-3010981593core:NetGoodwill2023-09-3010981593core:IntangibleAssetsOtherThanGoodwill2023-09-3010981593core:LandBuildings2023-09-3010981593core:PlantMachinery2023-09-3010981593core:Vehicles2023-09-3010981593core:FurnitureFittings2023-09-3010981593core:OfficeEquipment2023-09-3010981593core:AfterOneYear2023-09-3010981593core:WithinOneYear2023-09-3010981593core:ListedExchangeTraded2023-09-3010981593core:UnlistedNon-exchangeTraded2023-09-3010981593core:ShareCapital2023-09-3010981593core:SharePremium2023-09-3010981593core:RevaluationReserve2023-09-3010981593core:OtherReservesSubtotal2023-09-3010981593core:RetainedEarningsAccumulatedLosses2023-09-3010981593core:NetGoodwill2022-10-0110981593core:IntangibleAssetsOtherThanGoodwill2022-10-0110981593core:LandBuildings2022-10-0110981593core:PlantMachinery2022-10-0110981593core:Vehicles2022-10-0110981593core:FurnitureFittings2022-10-0110981593core:OfficeEquipment2022-10-0110981593core:AfterOneYear2022-10-0110981593core:WithinOneYear2022-10-0110981593core:ListedExchangeTraded2022-10-0110981593core:UnlistedNon-exchangeTraded2022-10-0110981593core:ShareCapital2022-10-0110981593core:SharePremium2022-10-0110981593core:RevaluationReserve2022-10-0110981593core:OtherReservesSubtotal2022-10-0110981593core:RetainedEarningsAccumulatedLosses2022-10-0110981593core:AfterOneYear2023-10-012024-09-3010981593core:WithinOneYear2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3010981593core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3010981593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3010981593core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3010981593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3010981593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3010981593bus:Director12023-10-012024-09-3010981593bus:Director22023-10-012024-09-30

PSYCH ONE LIMITED

Registered Number
10981593
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

PSYCH ONE LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Mark Samuel Appleton
Nadine Elsa Appleton

Registered Address

C/O Armstrong Watson 1st Floor
One Strawberry Lane
Newcastle Upon Tyne
NE1 4BX

Registered Number

10981593 (England and Wales)
PSYCH ONE LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3362,500362,500
362,500362,500
Current assets
Debtors426,16223,138
Cash at bank and on hand215,945145,200
242,107168,338
Creditors amounts falling due within one year5(53,425)(38,818)
Net current assets (liabilities)188,682129,520
Total assets less current liabilities551,182492,020
Provisions for liabilities6(5,992)(5,992)
Net assets545,190486,028
Capital and reserves
Called up share capital400400
Profit and loss account544,790485,628
Shareholders' funds7545,190486,028
The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2025, and are signed on its behalf by:
Mark Samuel Appleton
Director
Registered Company No. 10981593
PSYCH ONE LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
The investment property was valued by the directors at 30 September 2024 at market value for existing use. On a historical cost basis the property would have been included at an original cost of £338,531 (2023: £338,531).

£
Fair value at 01 October 23362,500
At 30 September 24362,500
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,7166,309
Other debtors22,44616,829
Total26,16223,138
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security18,78022,746
Other creditors18,44516,072
Accrued liabilities and deferred income16,200-
Total53,42538,818
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,9925,992
Total5,9925,992
7.Fair value reserve
Included within the profit and loss account is a non-distributable fair value reserve. This reserve records the cumulative fair value movements on investments properties valued above original cost and amounts to £30,952 (2023: £30,952)
8.Related party transactions
During the year the director had a loan account with the company. At the balance sheet date the company owed the director £16,151 (2023: £13,395). This loan is unsecured, interest free and repayable upon demand. As at 30/09/2024, there is a debtor balance due from Psych Two Limited of £21,346 (2023: £16,829), a company under common control.