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REGISTERED NUMBER: 11022589 (England and Wales)















PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD

Unaudited Financial Statements for the Year Ended 29 October 2022






PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)






Contents of the Financial Statements
for the year ended 29 October 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD

Company Information
for the year ended 29 October 2022







Director: A L Weaver





Registered office: Unit 31B Bidavon Industrial Estate
Waterloo Road
Bidford on Avon
Warwickshire
B50 4JN





Registered number: 11022589 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Prestige & Performance Centre
Warwickshire Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prestige & Performance Centre Warwickshire Ltd for the year ended 29 October 2022 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Prestige & Performance Centre Warwickshire Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prestige & Performance Centre Warwickshire Ltd and state those matters that we have agreed to state to the director of Prestige & Performance Centre Warwickshire Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prestige & Performance Centre Warwickshire Ltd and its director for our work or for this report.

It is your duty to ensure that Prestige & Performance Centre Warwickshire Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Prestige & Performance Centre Warwickshire Ltd. You consider that Prestige & Performance Centre Warwickshire Ltd 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 financial statements of Prestige & Performance Centre Warwickshire Ltd. 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 financial statements.






Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE


26 October 2023

PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)

Balance Sheet
29 October 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Intangible assets 4 18,112 19,575
Tangible assets 5 494,000 346,184
512,112 365,759

Current assets
Stocks 6 285,707 280,797
Debtors 7 70,736 50,669
Cash at bank 6,884 27,721
363,327 359,187
Creditors
Amounts falling due within one year 8 1,182,988 930,427
Net current liabilities (819,661 ) (571,240 )
Total assets less current liabilities (307,549 ) (205,481 )

Creditors
Amounts falling due after more than one
year

9

232,692

128,869
Net liabilities (540,241 ) (334,350 )

Capital and reserves
Called up share capital 100 100
Retained earnings (540,341 ) (334,450 )
Shareholders' funds (540,241 ) (334,350 )

PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)

Balance Sheet - continued
29 October 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 October 2023 and were signed by:





A L Weaver - Director


PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)

Notes to the Financial Statements
for the year ended 29 October 2022

1. Statutory information

Prestige & Performance Centre Warwickshire Ltd 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)

Notes to the Financial Statements - continued
for the year ended 29 October 2022

3. Employees and directors

The average number of employees during the year was 12 (2021 - 13 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 30 October 2021
and 29 October 2022 22,500
Amortisation
At 30 October 2021 2,925
Charge for year 1,463
At 29 October 2022 4,388
Net book value
At 29 October 2022 18,112
At 29 October 2021 19,575

5. Tangible fixed assets
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 30 October 2021 5,271 173,708 211,625 6,927 397,531
Additions 6,965 4,021 200,584 139 211,709
At 29 October 2022 12,236 177,729 412,209 7,066 609,240
Depreciation
At 30 October 2021 4,102 37,417 5,748 4,080 51,347
Charge for year 3,399 29,738 29,343 1,413 63,893
At 29 October 2022 7,501 67,155 35,091 5,493 115,240
Net book value
At 29 October 2022 4,735 110,574 377,118 1,573 494,000
At 29 October 2021 1,169 136,291 205,877 2,847 346,184

6. Stocks
2022 2021
£    £   
Stocks 285,707 280,797

7. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 21,563 3,117
Other debtors 30,586 23,824
Prepayments 18,587 23,728
70,736 50,669

PRESTIGE & PERFORMANCE CENTRE
WARWICKSHIRE LTD (REGISTERED NUMBER: 11022589)

Notes to the Financial Statements - continued
for the year ended 29 October 2022

8. Creditors: amounts falling due within one year
2022 2021
£    £   
Other loans 70,000 81,000
Hire purchase contracts (see note 10) 52,802 39,434
Trade creditors 241,074 56,660
Amounts owed to group undertakings 600,461 456,718
Social security and other taxes 43,154 18,163
VAT 74,155 42,607
Other creditors 26,086 144,956
Directors' current accounts 58,592 71,344
Accrued expenses 16,664 19,545
1,182,988 930,427

9. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bounce Back Loan 100,000 50,000
Hire purchase contracts (see note 10) 132,692 78,869
232,692 128,869

10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 52,802 39,434
Between one and five years 132,692 78,869
185,494 118,303

Non-cancellable operating leases
2022 2021
£    £   
Within one year 33,500 33,500
Between one and five years 100,500 134,000
134,000 167,500