PSF Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11565322 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

PSF HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Jopp

P C G Cazalet

S T Musgrave

J Pearce

REGISTERED OFFICE:

Vestry House

Laurence Pountney Hill

London

EC4R 0EC

REGISTERED NUMBER:

11565322 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

CURRENT ASSETS

Debtors

4

7,176

-

Investments

5

1

-

Cash at bank

818

9,924

7,995

9,924

CREDITORS

Amounts falling due within one year

6

650,118

392,916

NET CURRENT LIABILITIES

(642,123

)

(382,992

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(642,123

)

(382,992

)

RESERVES

Income and expenditure account

(642,123

)

(382,992

)

(642,123

)

(382,992

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 surplus or deficit 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2021 and were signed on its behalf by:

L Jopp - Director

1.	STATUTORY INFORMATION

PSF Holdings Limited is a private company, limited by guarantee , 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 2 (2019 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Other debtors

7,176

-

5.	CURRENT ASSET INVESTMENTS

31/3/20

31/3/19

£

£

Shares in group undertakings

1

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Taxation and social security

-

23,412

Other creditors

650,118

369,504

650,118

392,916

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed PSF Benefits Ltd £636,096 and PSF Sponsor Limited £1. The company was owed by PSF Sponsor Ltd £5,054.

8.	LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have a share capital.