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Company Registration No. 12229018 (England and Wales)
PROMINENCE DIAMONDS LIMITED Unaudited accounts for the year ended 30 September 2024
PROMINENCE DIAMONDS LIMITED Unaudited accounts Contents
Page
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PROMINENCE DIAMONDS LIMITED Company Information for the year ended 30 September 2024
Director
Ebrahim Casim PATEL
Company Number
12229018 (England and Wales)
Registered Office
PROMINENCE DIAMONDS LIMITED 53 Davies Street London W1K 5JH England
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PROMINENCE DIAMONDS LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
562 
660 
Current assets
Inventories
7,034 
19,970 
Debtors
2,580 
2,130 
Cash at bank and in hand
191 
1,120 
9,805 
23,220 
Creditors: amounts falling due within one year
(18,674)
(24,527)
Net current liabilities
(8,869)
(1,307)
Net liabilities
(8,307)
(647)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(8,317)
(657)
Shareholders' funds
(8,307)
(647)
For the year ending 30 September 2024 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 2 June 2025 and were signed on its behalf by
Ebrahim Casim PATEL Director Company Registration No. 12229018
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PROMINENCE DIAMONDS LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
PROMINENCE DIAMONDS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12229018. The registered office is PROMINENCE DIAMONDS LIMITED, 53 Davies Street, London, W1K 5JH, England.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
10% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
984 
At 30 September 2024
984 
Depreciation
At 1 October 2023
324 
Charge for the year
98 
At 30 September 2024
422 
Net book value
At 30 September 2024
562 
At 30 September 2023
660 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
84 
274 
Other debtors
2,496 
1,856 
2,580 
2,130 
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PROMINENCE DIAMONDS LIMITED Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
196 
Other creditors
15,824 
22,531 
Accruals
2,850 
1,800 
18,674 
24,527 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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