IRIS Accounts Production v25.3.0.601 07640226 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07640226 2024-03-31 07640226 2025-03-31 07640226 2024-04-01 2025-03-31 07640226 2023-03-31 07640226 2023-04-01 2024-03-31 07640226 2024-03-31 07640226 ns15:EnglandWales 2024-04-01 2025-03-31 07640226 ns14:PoundSterling 2024-04-01 2025-03-31 07640226 ns10:Director1 2024-04-01 2025-03-31 07640226 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07640226 ns10:SmallEntities 2024-04-01 2025-03-31 07640226 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07640226 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07640226 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07640226 ns10:FullAccounts 2024-04-01 2025-03-31 07640226 ns10:Director2 2024-04-01 2025-03-31 07640226 ns10:RegisteredOffice 2024-04-01 2025-03-31 07640226 ns5:CurrentFinancialInstruments 2025-03-31 07640226 ns5:CurrentFinancialInstruments 2024-03-31 07640226 ns5:Non-currentFinancialInstruments 2025-03-31 07640226 ns5:Non-currentFinancialInstruments 2024-03-31 07640226 ns5:ShareCapital 2025-03-31 07640226 ns5:ShareCapital 2024-03-31 07640226 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07640226 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07640226 ns5:LandBuildings 2024-04-01 2025-03-31 07640226 ns5:PlantMachinery 2024-04-01 2025-03-31 07640226 ns5:LandBuildings 2024-03-31 07640226 ns5:PlantMachinery 2024-03-31 07640226 ns5:LandBuildings 2025-03-31 07640226 ns5:PlantMachinery 2025-03-31 07640226 ns5:LandBuildings 2024-03-31 07640226 ns5:PlantMachinery 2024-03-31 07640226 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07640226 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07640226 ns5:WithinOneYear 2025-03-31 07640226 ns5:WithinOneYear 2024-03-31 07640226 ns5:BetweenOneFiveYears 2025-03-31 07640226 ns5:BetweenOneFiveYears 2024-03-31 07640226 ns5:MoreThanFiveYears 2025-03-31 07640226 ns5:MoreThanFiveYears 2024-03-31 07640226 ns5:AllPeriods 2025-03-31 07640226 ns5:AllPeriods 2024-03-31 07640226 ns5:Secured 2025-03-31 07640226 ns5:Secured 2024-03-31 07640226 1 ns10:Director1 2024-03-31 07640226 1 ns10:Director1 2023-03-31 07640226 1 ns10:Director1 2024-04-01 2025-03-31 07640226 1 ns10:Director1 2023-04-01 2024-03-31 07640226 1 ns10:Director1 2025-03-31 07640226 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: 07640226 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PSR Solicitors Limited

PSR Solicitors Limited (Registered number: 07640226)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

PSR Solicitors Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | P Rossiter

| P Forster-Dean

| REGISTERED OFFICE: | Grosvenor House

| 7 Grosvenor Street

| Chester

| CH1 2DD

| REGISTERED NUMBER: | 07640226 (England and Wales)

| ACCOUNTANTS: | Dufton Kellner Limited

| Chartered Accountants

| Barnston House

| Beacon Lane

| Heswall

| Wirral

| Merseyside

| CH60 0EE

PSR Solicitors Limited (Registered number: 07640226)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 217,627 |  | 229,541 |  |

CURRENT ASSETS

Stocks | 550,000 |  | 500,000 |  |

Debtors | 5 | 1,174,076 |  | 906,718 |  |

Cash at bank and in hand | 453,969 |  | 356,629 |  |

2,178,045 |  | 1,763,347 |  |

CREDITORS

Amounts falling due within one year | 6 | 337,733 |  | 247,219 |  |

NET CURRENT ASSETS | 1,840,312 |  | 1,516,128 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,057,939 |  | 1,745,669 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (19,848 | ) | (39,363 | ) |

PROVISIONS FOR LIABILITIES | (5,075 | ) | (4,368 | ) |

NET ASSETS | 2,033,016 |  | 1,701,938 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 2,032,916 |  | 1,701,838 |  |

SHAREHOLDERS' FUNDS | 2,033,016 |  | 1,701,938 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PSR Solicitors Limited (Registered number: 07640226)

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

P Rossiter - Director

PSR Solicitors Limited (Registered number: 07640226)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| PSR Solicitors 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.

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.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax, including any movement in opening and closing work in progress.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 33% on reducing balance, 20% on reducing balance and over term of lease

| Work in progress

| Work in progress is valued at a proportion of the final sales value, depending upon the stage complete at the year end.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

PSR Solicitors Limited (Registered number: 07640226)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 30 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 143,353 |  | 218,912 |  | 362,265 |  |

| Additions | - |  | 11,128 |  | 11,128 |  |

| Disposals | - |  | (13,891 | ) | (13,891 | ) |

| At 31 March 2025 | 143,353 |  | 216,149 |  | 359,502 |  |

| DEPRECIATION

| At 1 April 2024 | 33,448 |  | 99,276 |  | 132,724 |  |

| Charge for year | 2,867 |  | 17,397 |  | 20,264 |  |

| Eliminated on disposal | - |  | (11,113 | ) | (11,113 | ) |

| At 31 March 2025 | 36,315 |  | 105,560 |  | 141,875 |  |

| NET BOOK VALUE

| At 31 March 2025 | 107,038 |  | 110,589 |  | 217,627 |  |

| At 31 March 2024 | 109,905 |  | 119,636 |  | 229,541 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 216,593 |  | 120,960 |  |

| Amounts owed by associates | 623,249 |  | 607,779 |  |

| Other debtors | 334,234 |  | 177,979 |  |

1,174,076 |  | 906,718 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 18,000 |  | 22,954 |  |

| Trade creditors | 830 |  | 7,529 |  |

| Taxation and social security | 307,034 |  | 209,115 |  |

| Other creditors | 11,869 |  | 7,621 |  |

337,733 |  | 247,219 |  |

PSR Solicitors Limited (Registered number: 07640226)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 19,848 |  | 39,363 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 108,153 |  | 64,153 |  |

| Between one and five years | 377,365 |  | 204,519 |  |

| In more than five years | 663,000 |  | 321,000 |  |

1,148,518 |  | 589,672 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 37,848 |  | 62,317 |  |

| 1. Debenture, dated 19/04/12, in favour of HSBC Bank Plc. Fixed and floating charge over the property and assets present and future.

| 2. Legal mortgage, dated 03/08/12, in favour of HSBC Bank Plc, secured upon leasehold property at 8 Lord Street, Wrexham together with the benefit of all rights and undertakings carried on at the property.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| P Rossiter

| Balance outstanding at start of year | 123,950 |  | 88,243 |  |

| Amounts advanced | 74,773 |  | 122,307 |  |

| Amounts repaid | (50,569 | ) | (86,600 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 148,154 |  | 123,950 |  |

| During the year, interest free, unsecured advances were made to / (from) a director, and were repayable on demand.

PSR Solicitors Limited (Registered number: 07640226)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | RELATED PARTY DISCLOSURES

| During the year, the company paid rent of £93,000 (2024 £59,250) in respect of properties owned by Tegan Investments Limited. Mr P Rossiter is a director and shareholder of both companies.

| The company also paid rent of £8,000 (2024 £8,000) to Mr P Forster-Dean in respect of a property owned personally from which the company trades.

| An amount of £623,249 (2024 £607,779) is due from Tegan Investments Limited at 31/03/2025 which is shown as amounts owed by associates at the year end.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

PSR Solicitors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PSR Solicitors Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PSR Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PSR Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of PSR Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PSR Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PSR Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PSR Solicitors Limited. You consider that PSR Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PSR Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

13 August 2025