PSA3 Limited - Accounts

PSA3 Limited - Accounts

PSA3 LIMITED - Company Information

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Registered Number: 11149955
England and Wales

 

 

 

PSA3 LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2020

End date: 31 January 2021

PSA3 Limited
Contents Page
For the year ended 31 January 2021
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts PSA3 Limited for the year ended 31 January 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PSA3 Limited for the year ended 31 January 2021 which comprise of the Profit and Loss Account, the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of PSA3 Limited , as a body, in accordance with the terms of our engagement letter dated 14 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of PSA3 Limited and state those matters that we have agreed to state to the Board of Directors of PSA3 Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PSA3 Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that PSA3 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit PSA3 Limited. You consider that PSA3 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 accounts of PSA3 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 accounts.



....................................................
T & K Accounting Group
69 Banstead Road
Carshalton
SM5 3NP
14 October 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Investments 4,261,396    0 
4,261,396    0 
Current assets      
Debtors 8,586    10 
Cash at bank and in hand 22,602    0 
31,188    10 
Creditors: amount falling due within one year (6,533)   (75)
Net current assets 24,655    (65)
 
Total assets less current liabilities 4,286,051    (65)
Creditors: amount falling due after more than one year (732,118)   0 
Net assets 3,553,933    (65)
 

Capital and reserves 		     
Called up share capital 100    10 
Share premium account 3,552,595    0 
Profit and loss account 1,238    (75)
Shareholder's funds 3,553,933    (65)
 


For the year ended 31 January 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 October 2021 and were signed on its behalf by:


--------------------------------
Parminder Singh Dosanjh
Director
2
General Information
PSA3 Limited is a private company, limited by shares, registered in England and Wales, registration number 11149955, registration address No 7-9 Monarch House, Stafford Road, Wallington, SM6 9AN

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 0 (2020 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 February 2020 -    - 
Additions 4,261,396    4,261,396 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 31 January 2021 4,261,396    4,261,396 

4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2021
£		 2020
£		 2021
£		 2020
£
Monarch Estates2,400 0 (2,400)0 


Monarch Estates
Included within other creditors due to Monarch Estates, a partnership in which some of the directors of PSA3 Ltd are partners
3