PSF Benefit Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13277783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19TH MARCH 2021 TO 31ST MARCH 2022

FOR

PSF BENEFIT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

The PSF Trustee Limited

M T Hirons-Wood

REGISTERED OFFICE:

Vestry House

Laurence Pountney Hill

London

EC4R 0EH

REGISTERED NUMBER:

13277783 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

CURRENT ASSETS

Debtors

4

1,655

CREDITORS

Amounts falling due within one year

5

(1,653

)

NET CURRENT ASSETS

2

TOTAL ASSETS LESS CURRENT LIABILITIES

2

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

1

SHAREHOLDERS' FUNDS

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2022 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.

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 14th December 2022 and were signed on its behalf by:

M T Hirons-Wood - Director

1.	STATUTORY INFORMATION

PSF Benefit Services 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 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 period 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 period 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.

Going concern

As at the date of this report the directors are of the opinion that the company remains a going concern and that financial support will continue to be made available to the company by members of the Pension SuperFund group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

101

Other debtors

1,554

1,655

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

853

Other creditors

800

1,653

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £101 by PSF Professional Services Ltd.

8.	SUBSEQUENT EVENTS

On 5th October 2022 the group was informed that it had not achieved Phase 1 assessment by The Pensions Regulator. As a result a strategic review has been initiated by the corporate entity which may lead to its being wound down or a change of ownership. Any strategic changes to the corporate entity are likely also to affect the strategic position of PSF Benefit Services Limited.