Professorial Solutions Limited 06691744 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Medical consultancy Digita Accounts Production Advanced 6.30.9574.0 true false 06691744 2023-10-01 2024-09-30 06691744 2024-09-30 06691744 core:RetainedEarningsAccumulatedLosses 2024-09-30 06691744 core:ShareCapital 2024-09-30 06691744 core:CurrentFinancialInstruments 2024-09-30 06691744 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 06691744 core:AdditionsToInvestments 2024-09-30 06691744 core:CostValuation 2024-09-30 06691744 core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 06691744 core:FurnitureFittingsToolsEquipment 2024-09-30 06691744 bus:SmallEntities 2023-10-01 2024-09-30 06691744 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06691744 bus:FilletedAccounts 2023-10-01 2024-09-30 06691744 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06691744 bus:RegisteredOffice 2023-10-01 2024-09-30 06691744 bus:Director1 2023-10-01 2024-09-30 06691744 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06691744 countries:EnglandWales 2023-10-01 2024-09-30 06691744 2023-09-30 06691744 core:CostValuation 2023-09-30 06691744 core:FurnitureFittingsToolsEquipment 2023-09-30 06691744 2022-10-01 2023-09-30 06691744 2023-09-30 06691744 core:RetainedEarningsAccumulatedLosses 2023-09-30 06691744 core:ShareCapital 2023-09-30 06691744 core:CurrentFinancialInstruments 2023-09-30 06691744 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 06691744

Professorial Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Professorial Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Professorial Solutions Limited

Company Information

Director

Professor A M Heagerty

Registered office

Suite 1, Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

Accountants

Bright Partnership Limited
Suite 1 Armcon Business Park,
London Road South
Poynton
Cheshire
SK12 1LQ

 

Professorial Solutions Limited

(Registration number: 06691744)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

134,503

72,177

Current assets

 

Debtors

6

265

1,369

Cash at bank and in hand

 

55,026

44,690

 

55,291

46,059

Creditors: Amounts falling due within one year

7

(13,725)

(11,324)

Net current assets

 

41,566

34,735

Net assets

 

176,069

106,912

Capital and reserves

 

Called up share capital

100

100

Retained earnings

175,969

106,812

Shareholders' funds

 

176,069

106,912

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 June 2025
 

.........................................
Professor A M Heagerty
Director

 

Professorial Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Statutory information

Professorial Solutions 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.

These financial statements were authorised for issue by the director on 5 June 2025.

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.

Turnover

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

Taxation

Taxation for the year comprises current and deferred 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 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 hose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that ave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the iming 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.

Tangible fixed assets

Plant and machinery are stated at cost less accumulated depreciation and any provision for impairment.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 20% on cost

 

Professorial Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible Fixed Assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

1,392

1,392

At 30 September 2024

1,392

1,392

Depreciation

At 1 October 2023

1,392

1,392

At 30 September 2024

1,392

1,392

Carrying amount

At 30 September 2024

-

-

 

Professorial Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Investments

2024
£

2023
£

Other investment

134,503

72,177

£

Cost or valuation

At 1 October 2023

72,177

Revaluation

36,780

Additions

25,546

At 30 September 2024

134,503

Provision

Carrying amount

At 30 September 2024

134,503

At 30 September 2023

72,177

Cost or valuation at 30 September 2024 is represented by:
Other Investments
Valuation in 2019 £323.00
Valuation in 2020 £103.00
Valuation in 2021 £4,272.00
Valuation in 2022 £4,310.00
Valuation in 2023 £2,810.00
Valuation in 2024 £36,780.00
Cost £94,734.00
Total £134,503.00
 

6

Debtors

Current

2024
£

2023
£

Other debtors

265

1,369

 

265

1,369

 

Professorial Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

11,854

9,390

Other creditors

1,871

1,934

13,725

11,324