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REGISTERED NUMBER: 06520096 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRESTIGE PROPERTIES UK LIMITED

PRESTIGE PROPERTIES UK LIMITED (REGISTERED NUMBER: 06520096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRESTIGE PROPERTIES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: M M Sanger





REGISTERED OFFICE: 595 Holloway Road
London
N19 4DJ





REGISTERED NUMBER: 06520096 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PRESTIGE PROPERTIES UK LIMITED (REGISTERED NUMBER: 06520096)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 55,650 56,250
Cash at bank 2,327 2,646
57,977 58,896
CREDITORS
Amounts falling due within one year 5 (7,861 ) (11,138 )
NET CURRENT ASSETS 50,116 47,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,116

47,758

CREDITORS
Amounts falling due after more than one
year

6

(16,478

)

(26,559

)
NET ASSETS 33,638 21,199

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 33,637 21,198
SHAREHOLDERS' FUNDS 33,638 21,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:




M M Sanger - Director


PRESTIGE PROPERTIES UK LIMITED (REGISTERED NUMBER: 06520096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Prestige Properties UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 55,650 56,250

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 2,783 2,423
Other creditors 5,078 8,715
7,861 11,138

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 16,478 26,559

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 16,478 26,559

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

PRESTIGE PROPERTIES UK LIMITED (REGISTERED NUMBER: 06520096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2024 21,198
Profit for the year 12,439
At 31 December 2024 33,637

10. RELATED PARTY DISCLOSURES

Other Debtors (Note 6) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M M Sanger.