Registered number
12349103
PSJA Holdings Limited
Unaudited Filleted Accounts
31 December 2024
PSJA Holdings Limited
Registered number: 12349103
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 410,000 430,000
Current assets
Debtors 5 4,805 -
Cash at bank and in hand 1,848 5,984
6,653 5,984
Creditors: amounts falling due within one year 6 (51,102) (11,080)
Net current liabilities (44,449) (5,096)
Total assets less current liabilities 365,551 424,904
Creditors: amounts falling due after more than one year 7 (291,337) (331,663)
Provisions for liabilities (31,723) (36,723)
Net assets 42,491 56,518
Capital and reserves
Called up share capital 100 100
Undistributable reserve 9 95,168 110,168
Profit and loss account (52,777) (53,750)
Shareholder's funds 42,491 56,518
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Michaelides
Director
Approved by the board on 16 May 2025
PSJA Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 property rental.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investment properties
Investment properties are carried at fair value, derived from the current market prices for comparable properties. Changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 7,926
At 31 December 2024 7,926
Depreciation
At 1 January 2024 7,926
At 31 December 2024 7,926
Net book value
At 31 December 2024 -
4 Investments
Other
investments
£
Cost
At 1 January 2024 430,000
Revaluation (20,000)
At 31 December 2024 410,000
Historical cost
At 1 January 2024 283,109
The investment properties are carried at fair value which has been determined by recent independent valuations .
5 Debtors 2024 2023
£ £
Other debtors 4,805 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 51,102 11,080
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 273,450 265,938
Other creditors 17,887 65,725
291,337 331,663
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 273,450 265,938
Secured bank loans 273,450 265,938
The bank loans are secured on the two investment properties.
9 Undistributable reserve 2024 2023
£ £
At 1 January 2024 110,168 102,782
(Loss)/gain on revaluation of land and buildings (20,000) 20,000
Deferred taxation arising on the revaluation of land and buildings 5,000 (12,614)
At 31 December 2024 95,168 110,168
The undistributable reserve arises from the revaluation of the investment property to fair value.
10 Related party transactions
During the previous year the director made a loan to the company. The amount owed to the director at the year end was £67,887 (2023: £75,725). The loan is interest free and shown on an aggregated basis. £50,000 of the loan is repayable within one year and the remainder repayable after more than one year.
11 Other information
PSJA Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Hartley Park Gardens
Plymouth
PL3 5HU
PSJA Holdings Limited 12349103 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 P Michaelides No description of principal activity 12349103 2023-01-01 2023-12-31 12349103 core:RevaluationReserve core:LandBuildings 2023-01-01 2023-12-31 12349103 core:RevaluationReserve 2023-01-01 2023-12-31 12349103 core:WithinOneYear 2023-12-31 12349103 core:AfterOneYear 2023-12-31 12349103 core:ShareCapital 2023-12-31 12349103 core:OtherReservesSubtotal 2023-12-31 12349103 core:RetainedEarningsAccumulatedLosses 2023-12-31 12349103 core:RevaluationReserve 2022-12-31 12349103 2024-01-01 2024-12-31 12349103 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12349103 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12349103 bus:Director40 2024-01-01 2024-12-31 12349103 1 2024-01-01 2024-12-31 12349103 2 2024-01-01 2024-12-31 12349103 core:RevaluationReserve core:LandBuildings 2024-01-01 2024-12-31 12349103 core:RevaluationReserve 2024-01-01 2024-12-31 12349103 countries:England 2024-01-01 2024-12-31 12349103 bus:FRS102 2024-01-01 2024-12-31 12349103 bus:FilletedAccounts 2024-01-01 2024-12-31 12349103 2024-12-31 12349103 core:WithinOneYear 2024-12-31 12349103 core:AfterOneYear 2024-12-31 12349103 core:ShareCapital 2024-12-31 12349103 core:OtherReservesSubtotal 2024-12-31 12349103 core:RetainedEarningsAccumulatedLosses 2024-12-31 12349103 core:PlantMachinery 2024-12-31 12349103 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 12349103 core:RevaluationReserve 2024-12-31 12349103 2023-12-31 12349103 core:PlantMachinery 2023-12-31 12349103 core:RevaluationReserve 2023-12-31 iso4217:GBP xbrli:pure