Property Solvers Acquisitions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12106290

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,148		1,938
Investment Properties	5		1,126,790		875,000

			1,127,938		876,938
CURRENT ASSETS
Stocks	6	143,327		893,905
Debtors	7	1,454		1,879
Cash at bank and in hand		8,037		23,699

		152,818		919,483
Creditors: Amounts Falling Due Within One Year	8	(600,495 )		(648,936 )

NET CURRENT ASSETS (LIABILITIES)			(447,677 )		270,547

TOTAL ASSETS LESS CURRENT LIABILITIES			680,261		1,147,485

Creditors: Amounts Falling Due After More Than One Year	9		(709,716 )		(936,100 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(41,419 )		(41,419 )

NET (LIABILITIES)/ASSETS			(70,874 )		169,966

CAPITAL AND RESERVES
Called up share capital	11		2		2
Fair value reserve	12		176,576		-
Profit and Loss Account			(247,452 )		169,964

SHAREHOLDERS' FUNDS			(70,874)		169,966

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Property Solvers Acquisitions Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 26 September 2025 and were signed on its behalf by:

Mr Ruban Selvanayagam

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Property Solvers Acquisitions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12106290 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% SLM
Fixtures & Fittings	25% SLM
Computer Equipment	25% SLM

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 6)

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Property Solvers Acquisitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	3,572	-	3,572
Additions	-	105	105

As at 31 December 2024	3,572	105	3,677

Depreciation
As at 1 January 2024	1,634	-	1,634
Provided during the period	893	2	895

As at 31 December 2024	2,527	2	2,529

Net Book Value
As at 31 December 2024	1,045	103	1,148

As at 1 January 2024	1,938	-	1,938

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	875,000
Additions	251,790

As at 31 December 2024	1,126,790

6. Stocks

	2024	2023
	£	£
Work in progress	143,327	893,905

During the year, the directors identified that an investment property with a carrying value of £115,909 had been incorrectly classified as stock in prior periods. This balance has been reclassified to investment property within fixed assets to reflect the correct presentation under UK GAAP and the Companies Act 2006.

The reclassification represents a change in presentation only and has no impact on previously reported net assets, profit, or cash flows.

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	583	583
Other debtors	871	1,296

	1,454	1,879

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Property Solvers Acquisitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,562	22,149
Other taxes and social security	1,020	-
Other creditors	-	164,100
Credit card	1,050	9,273
Pension payable	152	325
Directors' loan accounts	186,463	110,785
Amounts owed to related parties	404,248	342,304

	600,495	648,936

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	709,716	936,100

10. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	709,716		936,100

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

12. Reserves

	Fair Value Reserve
	£
Transfer to profit and loss	176,576

As at 31 December 2024	176,576

The Company has reclassified certain amounts previously recognised within profit and loss reserves to the fair value reserve. These amounts relate to fair value movements on investments that, under the provisions of FRS 102 (1A), are required to be presented within a separate fair value reserve. This reclassification has been applied retrospectively to prior years’ reserves. The adjustment has no effect on the Company’s reported profit or loss or net assets for the current or prior periods.

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