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Company No: 12588779 (England and Wales)

CSN PRESTIGE AND PERFORMANCE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CSN PRESTIGE AND PERFORMANCE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CSN PRESTIGE AND PERFORMANCE LIMITED

BALANCE SHEET

As at 31 December 2023
CSN PRESTIGE AND PERFORMANCE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,159 1,049
1,159 1,049
Current assets
Debtors 4 1,350 0
Cash at bank and in hand 2,500 0
3,850 0
Creditors: amounts falling due within one year 5 ( 4,239) ( 1,778)
Net current liabilities (389) (1,778)
Total assets less current liabilities 770 (729)
Net assets/(liabilities) 770 ( 729)
Capital and reserves
Called-up share capital 2 2
Profit and loss account 768 ( 731 )
Total shareholders' funds/(deficit) 770 ( 729)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of CSN Prestige and Performance Limited (registered number: 12588779) were approved and authorised for issue by the Board of Directors on 16 September 2024. They were signed on its behalf by:

C H Newbury
Director
CSN PRESTIGE AND PERFORMANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CSN PRESTIGE AND PERFORMANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CSN Prestige and Performance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Herons Gate Ringwood Road, Bransgore, Christchurch, BH23 8AD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 1,089 1,089
Additions 549 549
At 31 December 2023 1,638 1,638
Accumulated depreciation
At 01 January 2023 40 40
Charge for the financial year 439 439
At 31 December 2023 479 479
Net book value
At 31 December 2023 1,159 1,159
At 31 December 2022 1,049 1,049

4. Debtors

2023 2022
£ £
Trade debtors 1,350 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Corporation tax 846 0
Other taxation and social security 465 38
Other creditors 2,928 1,740
4,239 1,778