Company Registration No. 11036829 (England and Wales)
Pristine Global Ltd
Filleted accounts
for the year ended 31 October 2023
Pristine Global Ltd
Filleted accounts
Contents
Pristine Global Ltd
Company Information
for the year ended 31 October 2023
Directors
Syed Sayeed Ahmed
Tanveer Mohamed
Ahmed Rashid Shaik
Company Number
11036829 (England and Wales)
Registered Office
Hawthorne House
17A Hawthorne Drive
Leicester
LE5 6DL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Pristine Global Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
1,297,668
1,297,668
Investments
390,197
390,197
Cash at bank and in hand
73,667
502,489
Creditors: amounts falling due within one year
(334,838)
(48,323)
Net current assets
1,584,393
983,641
Total assets less current liabilities
3,272,258
2,673,000
Creditors: amounts falling due after more than one year
(3,172,189)
(2,593,062)
Called up share capital
980
980
Profit and loss account
99,089
78,958
Shareholders' funds
100,069
79,938
For the year ending 31 October 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 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 of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by
Syed Sayeed Ahmed
Director
Company Registration No. 11036829
Pristine Global Ltd
Notes to the Accounts
for the year ended 31 October 2023
Pristine Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 11036829. The registered office is Hawthorne House, 17A Hawthorne Drive, Leicester, LE5 6DL.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Pristine Global Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Other
At 1 November 2022
1,297,668
At 31 October 2023
1,297,668
At 31 October 2023
1,297,668
At 31 October 2022
1,297,668
5
Tangible fixed assets
Fixtures & fittings
6
Investments
Other investments
Valuation at 1 November 2022
390,197
Valuation at 31 October 2023
390,197
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,845,564
497,982
Pristine Global Ltd
Notes to the Accounts
for the year ended 31 October 2023
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,072
4,317
Loans from directors
143,005
43,270
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
3,172,189
2,593,062
Allotted, called up and fully paid:
980 Ordinary shares of £1 each
980
980
11
Transactions with related parties
During the year, the company gave the loans to companies in which which the Directors and/or Pristine Global Ltd holds a controlling interest.
Pristine Care Home Plus Limited - £654,322
Pristine Care Group Limited - £500,000
Primecare Medical - £152,400
Aafia Ltd - £40,860
As at 31 October 2023 the balance outstanding from each of the companies was as as follows;
Pristine Care Home Limited £377,982 (2022 - £377,982)
Pristine Care Home Plus Limited £774,322 (2022 - £120,000)
Pristine Care Group Limited £500,000 (2022 - £Nil)
Primecare Medical £152,400 (2022 - £Nil)
Aafia Ltd £40,860 (2022 - £Nil)
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).