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REGISTERED NUMBER: 12700737 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD

PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr P C Hurt
Mrs C Hurt
Mr P Inger
Mrs J Inger





SECRETARY: Mrs C Hurt





REGISTERED OFFICE: Matrix Business Centre
Nobel Way
Dinnington
South Yorkshire
S25 3QB





REGISTERED NUMBER: 12700737 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,244 90,023

CURRENT ASSETS
Debtors 5 14,250 -
Cash at bank 22,923 285
37,173 285
CREDITORS
Amounts falling due within one year 6 141,603 95,496
NET CURRENT LIABILITIES (104,430 ) (95,211 )
TOTAL ASSETS LESS CURRENT LIABILITIES 113,814 (5,188 )

CREDITORS
Amounts falling due after more than
one year

7

145,875

-
NET LIABILITIES (32,061 ) (5,188 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (32,161 ) (5,288 )
SHAREHOLDERS' FUNDS (32,061 ) (5,188 )

PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr P Inger - Director


PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Prestige Cottages & Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Fixed assets under construction are recorded at the actual cost incurred for the construction.

Costs include all expenditure incurred for construction projects. A fixed asset under construction is transferred to investment properties when it has reached its working condition for its intended use. No depreciation is provided for assets under construction.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023 90,023
Additions 128,221
At 30 June 2024 218,244
NET BOOK VALUE
At 30 June 2024 218,244
At 30 June 2023 90,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 14,250 -

PRESTIGE COTTAGES & PROPERTY MANAGEMENT
LTD (REGISTERED NUMBER: 12700737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to associates 140,762 94,657
Other creditors 841 839
141,603 95,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 145,875 -

8. SECURED DEBTS

The loan is secured against a property owned by the company.

9. RELATED PARTY DISCLOSURES

During the year there were transactions with Prestige Financial Solutions (Holdings) Ltd, a company which shares common directors and shareholders. At the end of the year the company owed Prestige Financial Solutions (Holdings) £140,662 (2023 £94,657).