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REGISTERED NUMBER: 09200760 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PSH BIRMINGHAM 1 LIMITED

PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSH BIRMINGHAM 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A D Smith
H D Smith





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 09200760 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,180 3,634

CURRENT ASSETS
Debtors 5 2,056,045 1,401,155
Cash at bank 870,483 683,199
2,926,528 2,084,354
CREDITORS
Amounts falling due within one year 6 1,314,912 1,075,004
NET CURRENT ASSETS 1,611,616 1,009,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,614,796

1,012,984

CREDITORS
Amounts falling due after more than one
year

7

27,779

33,334
NET ASSETS 1,587,017 979,650

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 1,586,917 979,550
SHAREHOLDERS' FUNDS 1,587,017 979,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





A D Smith - Director


PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

PSH Birmingham 1 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of the exemption under FRS 102 not to disclose related party transactions with wholly owned members of the group.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 4,543
DEPRECIATION
At 1 October 2023 909
Charge for year 454
At 30 September 2024 1,363
NET BOOK VALUE
At 30 September 2024 3,180
At 30 September 2023 3,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,902,383 1,376,303
Other debtors 153,662 24,852
2,056,045 1,401,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 10,366 15,918
Taxation and social security 1,111 1,238
Other creditors 1,297,879 1,052,292
1,314,912 1,075,004

PSH BIRMINGHAM 1 LIMITED (REGISTERED NUMBER: 09200760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,779 33,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,556 -

8. RELATED PARTY DISCLOSURES

Included in other debtors are amounts owing of £127,500 (2023: nil) from a company under the control of the director's and a company in which the director's have an interest in.

Included in other creditors are amounts owed of £17,276 (2023: £19,491) from a company under the control of the director's and a company in which the director's have an interest in.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Premier Student Halls Limited incorporated in England & Wales.