Prismstart Communities Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 12190580

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		1,634		958

		1,634		958
Creditors: Amounts Falling Due Within One Year	4	(930 )		(5,500 )

NET CURRENT ASSETS (LIABILITIES)			704		(4,542 )

TOTAL ASSETS LESS CURRENT LIABILITIES			704		(4,542 )

NET ASSETS/(LIABILITIES)			704		(4,542 )

Income and Expenditure Account			704		(4,542 )

MEMBERS' FUNDS			704		(4,542)

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Tejinder Chetal

Director

28th February 2025

The notes on page 2 form part of these financial statements.

1. General Information

Prismstart Communities Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 12190580 . The registered office is 32 Bayston Court, Peterborough, Cambridgeshire, PE2 9SF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Government Grant

Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.

All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	930	5,500

5. Share Capital

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