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Registered number: 12220945
Prestige Homes 4 U Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr Abdur Uddin
Company Number 12220945
Registered Office 378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Accountants Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Prestige Homes 4 U Ltd For The Year Ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prestige Homes 4 U Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Prestige Homes 4 U Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Prestige Homes 4 U Ltd and state those matters that we have agreed to state to the director of Prestige Homes 4 U Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prestige Homes 4 U Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Prestige Homes 4 U Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prestige Homes 4 U Ltd . You consider that Prestige Homes 4 U Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prestige Homes 4 U Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
13 May 2025
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
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Page 3
Balance Sheet
Registered number: 12220945
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 117,836 -
117,836 -
CURRENT ASSETS
Cash at bank and in hand 1 110,530
1 110,530
Creditors: Amounts Falling Due Within One Year 5 (85,113 ) (68,885 )
NET CURRENT ASSETS (LIABILITIES) (85,112 ) 41,645
TOTAL ASSETS LESS CURRENT LIABILITIES 32,724 41,645
Creditors: Amounts Falling Due After More Than One Year 6 (31,783 ) (40,272 )
NET ASSETS 941 1,373
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 940 1,372
SHAREHOLDERS' FUNDS 941 1,373
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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 member has 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.
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 Profit and Loss Account.
On behalf of the board
Mr Abdur Uddin
Director
13 May 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Prestige Homes 4 U Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12220945 . The registered office is 378 Walsall Road, Perry Barr, Birmingham, B42 2LX. The company started trading on 16 March 2021.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 October 2023 -
Additions 117,836
As at 30 September 2024 117,836
Net Book Value
As at 30 September 2024 117,836
As at 1 October 2023 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 85,113 64,840
Taxation and social security - 4,045
85,113 68,885
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,783 40,272
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
The opening balance on the directors' current account was £62,920. The total debits and credits in the directors' loan account were £1,558 (2023 - £21.493) and £21,681 (2023- £4,427) respectively. The balance at 30 September 2024 was £83,043.
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