Company Registration No. 09670098 (England and Wales)
PSEV - (Partnership for Socio Economic Ventures) Ltd.
Unaudited accounts
for the year ended 31 December 2019
PSEV - (Partnership for Socio Economic Ventures) Ltd.
Unaudited accounts
Contents
PSEV - (Partnership for Socio Economic Ventures) Ltd.
Company Information
for the year ended 31 December 2019
Company Number
09670098 (England and Wales)
Registered Office
37 Baseline Studios
Whitchurch Road
London
W11 4AT
United Kingdom
Accountants
Benison Solvers Limited
1000 Great West Road
Brentford
Middlesex
TW8 9DW
PSEV - (Partnership for Socio Economic Ventures) Ltd.
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
114,454
250,847
Creditors: amounts falling due within one year
(112,411)
(249,897)
Net current assets
2,043
50,949
Called up share capital
1,000
50,000
Profit and loss account
1,043
949
Shareholders' funds
2,043
50,949
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2020 and were signed on its behalf by
Mr Zarar Qayyum
Director
Company Registration No. 09670098
PSEV - (Partnership for Socio Economic Ventures) Ltd.
Notes to the Accounts
for the year ended 31 December 2019
PSEV - (Partnership for Socio Economic Ventures) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09670098. The registered office is 37 Baseline Studios, Whitchurch Road, London, W11 4AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Operating lease commitments
2019
2018
At 31 December 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
7,550
7,550
5
Transactions with related parties
During the year the company invoiced sales of £133,000 (2018 was £70,000) to PSEV - (Partnership for Social & Economic Ventures) CIC and paid expenses of £20,000 (2018 was £185,000) to PSEV - (Partnership for Social & Economic Ventures) CIC. PSEV - (Partnership for Social & Economic Ventures) CIC is a related party as Mr. Zarar Qayyum, Director, has a beneficial interest in this entity. At the period end, the company owed £39,212 (2018 was £196,825) to PSEV - (Partnership for Social Economic Ventures) CIC.
The ultimate controlling party is Mr Zarar Qayyum, Director.
7
Average number of employees
During the year the average number of employees was 6 (2018: 6).
