2022-11-01 2023-10-31 false Capium Accounts Production 1.1 12978819 bus:AbridgedAccounts 2022-11-01 2023-10-31 12978819 bus:FRS102 2022-11-01 2023-10-31 12978819 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12978819 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12978819 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12978819 2022-11-01 2023-10-31 12978819 2023-10-31 12978819 bus:RegisteredOffice 2022-11-01 2023-10-31 12978819 core:WithinOneYear 2023-10-31 12978819 core:AfterOneYear 2023-10-31 12978819 bus:Director1 2022-11-01 2023-10-31 12978819 bus:Director1 2023-10-31 12978819 bus:Director1 2021-11-01 2022-10-31 12978819 bus:Director2 2022-11-01 2023-10-31 12978819 bus:Director2 2023-10-31 12978819 bus:Director2 2021-11-01 2022-10-31 12978819 2021-11-01 12978819 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 12978819 2021-11-01 2022-10-31 12978819 2022-10-31 12978819 core:WithinOneYear 2022-10-31 12978819 core:AfterOneYear 2022-10-31 12978819 bus:EntityAccountantsOrAuditors 2021-11-01 2022-10-31 12978819 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12978819 bus:OrdinaryShareClass1 2023-10-31 12978819 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 12978819 bus:OrdinaryShareClass1 2022-10-31 12978819 core:LandBuildings 2022-11-01 2023-10-31 12978819 core:LandBuildings 2023-10-31 12978819 core:LandBuildings 2022-10-31 12978819 core:FurnitureFittings 2022-11-01 2023-10-31 12978819 core:FurnitureFittings 2023-10-31 12978819 core:FurnitureFittings 2022-10-31 12978819 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 12978819 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 12978819 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 12978819 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 12978819 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 12978819 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 12978819 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 12978819 core:Non-currentFinancialInstruments 2023-10-31 12978819 core:Non-currentFinancialInstruments 2022-10-31 12978819 core:ShareCapital 2023-10-31 12978819 core:ShareCapital 2022-10-31 12978819 core:RetainedEarningsAccumulatedLosses 2023-10-31 12978819 core:RetainedEarningsAccumulatedLosses 2022-10-31 12978819 dpl:Item1 2022-11-01 12978819 dpl:Item1 2023-10-31 12978819 dpl:Item1 2021-11-01 12978819 dpl:Item1 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12978819
England and Wales

 

 

 

PRESTIGE NS PROPERTIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Report to the directors on the preparation of the unaudited statutory accounts of PRESTIGE NS PROPERTIES LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRESTIGE NS PROPERTIES LTD for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of PRESTIGE NS PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 30 July 2024 . Our work has been undertaken solely to prepare for your approval the accounts of PRESTIGE NS PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of PRESTIGE NS PROPERTIES LTD, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRESTIGE NS PROPERTIES LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PRESTIGE NS PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of PRESTIGE NS PROPERTIES LTD.You consider that PRESTIGE NS PROPERTIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of PRESTIGE NS PROPERTIES 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 financial statements 31 October 2023.



....................................................
Ardeshir Diznabi
IFA: AFA MIPA
CMI: CMgr MCMI
1
Ridgeside Avenue
BN1 8WD
30 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 792,052    793,817 
792,052    793,817 
Current assets      
Cash at bank and in hand 6,658   
Creditors: amount falling due within one year (720)   (720)
Net current assets 5,938    (720)
 
Total assets less current liabilities 797,990    793,097 
Creditors: amount falling due after more than one year (1,010,964)   (808,497)
Net assets (212,974)   (15,400)
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account (212,976)   (15,402)
Shareholders' funds (212,974)   (15,400)
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:


-------------------------------
Shahram BAHADOR
Director
2
General Information
PRESTIGE NS PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12978819, registration address 74A NEW CHURCH ROAD, HOVE, East Sussex, BN3 4FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 20 Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees=1
Average number of employees during the year was 1 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 November 2022 785,000      785,000 
Additions   7,052    7,052 
Disposals    
At 31 October 2023 785,000    7,052    792,052 
Depreciation
At 01 November 2022    
Charge for year    
On disposals    
At 31 October 2023    
Net book values
Closing balance as at 31 October 2023 785,000    7,052    792,052 
Opening balance as at 01 November 2022 785,000    8,817    793,817 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

3