PSM Property Development Ltd - Accounts to registrar (filleted) - small 23.1.2
PSM Property Development Ltd - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| PSM PROPERTY DEVELOPMENT LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| PSM PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 06882228) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| PSM PROPERTY DEVELOPMENT LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2023 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 2 Tower House |
| Hoddesdon |
| Hertfordshire |
| EN11 8UR |
| PSM PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 06882228) |
| BALANCE SHEET |
| 31 MAY 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Current assets |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | 7 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| 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 |
| PSM PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 06882228) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| 1. | Statutory information |
| PSM Property Development Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2022 - NIL). |
| 4. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 5. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| Director's current account | 35,127 | 47,960 |
| Accrued expenses |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| PSM PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 06882228) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2023 |
| 7. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 June 2022 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 May 2023 | ( |
) |
| 8. | Ultimate controlling party |
| The controlling party is the shareholders. |