Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08680937 2022-10-01 2023-09-30 08680937 2021-10-01 2022-09-30 08680937 2023-09-30 08680937 2022-09-30 08680937 c:Director1 2022-10-01 2023-09-30 08680937 d:OfficeEquipment 2022-10-01 2023-09-30 08680937 d:OfficeEquipment 2023-09-30 08680937 d:OfficeEquipment 2022-09-30 08680937 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08680937 d:CurrentFinancialInstruments 2023-09-30 08680937 d:CurrentFinancialInstruments 2022-09-30 08680937 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08680937 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08680937 d:ShareCapital 2023-09-30 08680937 d:ShareCapital 2022-09-30 08680937 d:RetainedEarningsAccumulatedLosses 2023-09-30 08680937 d:RetainedEarningsAccumulatedLosses 2022-09-30 08680937 c:OrdinaryShareClass1 2022-10-01 2023-09-30 08680937 c:OrdinaryShareClass1 2023-09-30 08680937 c:OrdinaryShareClass1 2022-09-30 08680937 c:FRS102 2022-10-01 2023-09-30 08680937 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08680937 c:FullAccounts 2022-10-01 2023-09-30 08680937 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08680937 2 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08680937










PRESTEDGE ENTERPRISES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PRESTEDGE ENTERPRISES LIMITED
REGISTERED NUMBER: 08680937

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
183
1,026

  
183
1,026

Current assets
  

Debtors: amounts falling due within one year
 5 
621
6,378

Cash at bank and in hand
 6 
3,078
31,054

  
3,699
37,432

Creditors: amounts falling due within one year
 7 
(2,203)
(4,109)

Net current assets
  
 
 
1,496
 
 
33,323

Total assets less current liabilities
  
1,679
34,349

  

Net assets
  
1,679
34,349


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
1,677
34,347

  
1,679
34,349


Page 1

 
PRESTEDGE ENTERPRISES LIMITED
REGISTERED NUMBER: 08680937
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2024.



Mr S Prestedge
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PRESTEDGE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Prestedge Enterprises Limited is a company domiciled in England and Wales, registration number 08680937.  The registered office is 12 Newton Court, Old Windsor, Windsor, Berks SL4 2SN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PRESTEDGE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Office equipment
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PRESTEDGE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2022
9,175



At 30 September 2023

9,175



Depreciation


At 1 October 2022
8,150


Charge for the year on owned assets
842



At 30 September 2023

8,992



Net book value



At 30 September 2023
183



At 30 September 2022
1,026


5.


Debtors

2023
2022
£
£


Trade debtors
106
6,284

Other debtors
515
94

621
6,378


Page 5

 
PRESTEDGE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,078
31,053

3,078
31,053



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
1,870

Other creditors
953
989

Accruals and deferred income
1,250
1,250

2,203
4,109



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 6