Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false true No description of principal activity 1 August 2022 31 July 2023 31 July 2023 12104636 Stuart Ashfield Miles Cottrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12104636 2022-07-31 12104636 2023-07-31 12104636 2022-08-01 2023-07-31 12104636 frs-core:CurrentFinancialInstruments 2023-07-31 12104636 frs-core:Non-currentFinancialInstruments 2023-07-31 12104636 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12104636 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12104636 frs-bus:Micro-entities 2022-08-01 2023-07-31 12104636 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12104636 frs-bus:Director1 2022-08-01 2023-07-31 12104636 frs-bus:Director2 2022-08-01 2023-07-31 12104636 2021-07-31 12104636 2022-07-31 12104636 2021-08-01 2022-07-31 12104636 frs-core:CurrentFinancialInstruments 2022-07-31 12104636 frs-core:Non-currentFinancialInstruments 2022-07-31
Registered number: 12104636
Prestige Worldwide Homes Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Pincott Lee (Accountants) Ltd
Balance Sheet
Registered number: 12104636
2023 2022
£ £
Fixed assets - 375
Current assets 575,413 575,535
Prepayments and accrued income 144 308
Creditors: Amounts Falling Due Within One Year (700,296 ) (625,383 )
NET CURRENT LIABILITIES (124,739 ) (49,540 )
TOTAL ASSETS LESS CURRENT LIABILITIES (124,739 ) (49,165 )
Creditors: Amounts Falling After More Than One Year (12,819 ) (19,292 )
Accruals and deferred income (1,440 ) (1,680 )
NET LIABILITIES (138,998 ) (70,137 )
CAPITAL AND RESERVES (138,998 ) (70,137 )

Notes

1. General Information
Prestige Worldwide Homes Limited is a private company, limited by shares, incorporated in , registered number 12104636 . The registered office is Unit 6 Woking One Albion House, High Street, Woking, Surrey, GU21 6BG.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
3. Secured Creditors
Of the creditors falling due within one year the following amount is secured by way of a fixed charge over property held as stock for resale and other assets of the company.  The charge is registered at Companies House - charge code 1210 4636 0002.
2023 2022
£ £
Bank loans and overdrafts 478,353 322,622
4. Material uncertainty over going concern
Finance with a carrying value of £478,353 at the balance sheet date is due to be repaid within 12 months.  The company's viability as a going concern is contingent upon successfully arranging new finance.
At the date of approval of these financial statements the directors continue to be in negotiations to refinance the company.  Whilst they are confident of successfully refinancing the company, a fundamental uncertainty exists over the company's ability to continue as a going concern until such finance is in place.
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For the year ending 31 July 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Stuart Ashfield
Director
Miles Cottrell
Director
14/11/2023