Company Registration No. 12367479 (England and Wales)
Prestige Music Group Ltd
Unaudited accounts
for the year ended 31 December 2023
Prestige Music Group Ltd
Unaudited accounts
Contents
Prestige Music Group Ltd
Company Information
for the year ended 31 December 2023
Company Number
12367479 (England and Wales)
Prestige Music Group Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
13,185
9,422
Cash at bank and in hand
220,475
286,114
Creditors: amounts falling due within one year
(124,042)
(92,952)
Net current assets
96,433
193,162
Net assets
379,618
202,584
Called up share capital
200
200
Profit and loss account
379,418
202,384
Shareholders' funds
379,618
202,584
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 9 June 2024 and were signed on its behalf by
Shahid Mazhar
Director
Company Registration No. 12367479
Prestige Music Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Prestige Music Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12367479.
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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.
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:
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
20,755
At 31 December 2023
13,185
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Investments
Other investments
Valuation at 1 January 2023
-
Valuation at 31 December 2023
270,000
Prestige Music Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
91,476
64,049
Loans from directors
5,583
5,000
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Average number of employees
During the year the average number of employees was 3 (2022: 3).