0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 559,373 559,373 559,373 xbrli:pure xbrli:shares iso4217:GBP 12785580 2023-09-01 2024-08-31 12785580 2024-08-31 12785580 2023-08-31 12785580 2022-09-01 2023-08-31 12785580 2023-08-31 12785580 2022-08-31 12785580 bus:Director1 2023-09-01 2024-08-31 12785580 core:AfterOneYear 2024-08-31 12785580 core:AfterOneYear 2023-08-31 12785580 core:WithinOneYear 2024-08-31 12785580 core:WithinOneYear 2023-08-31 12785580 core:ShareCapital 2024-08-31 12785580 core:ShareCapital 2023-08-31 12785580 core:RetainedEarningsAccumulatedLosses 2024-08-31 12785580 core:RetainedEarningsAccumulatedLosses 2023-08-31 12785580 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 12785580 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 12785580 bus:SmallEntities 2023-09-01 2024-08-31 12785580 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12785580 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12785580 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12785580 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 12785580
PRESTIGE INVESTMENTS & SERVICES LTD
Filleted Unaudited Financial Statements
31 August 2024
PRESTIGE INVESTMENTS & SERVICES LTD
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
559,373
559,373
Current assets
Cash at bank and in hand
10,343
5,653
Creditors: amounts falling due within one year
5
180,281
179,479
---------
---------
Net current liabilities
169,938
173,826
---------
---------
Total assets less current liabilities
389,435
385,547
Creditors: amounts falling due after more than one year
6
380,179
380,139
---------
---------
Net assets
9,256
5,408
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,156
5,308
-------
-------
Shareholders funds
9,256
5,408
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PRESTIGE INVESTMENTS & SERVICES LTD
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr C S Kumar
Director
Company registration number: 12785580
PRESTIGE INVESTMENTS & SERVICES LTD
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
4. Tangible assets
Freehold property
£
Cost
At 1 September 2023 and 31 August 2024
559,373
---------
Depreciation
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
559,373
---------
At 31 August 2023
559,373
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
48
Other creditors
180,233
179,479
---------
---------
180,281
179,479
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
380,179
380,139
---------
---------
The mortgage of £380,179 (2023 - £380,139) is secured by a fixed charge over the company's property and negative pledge.