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Registered number: 11137329
Prestige Holdings (Midlands) Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Marlow Proactive
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11137329
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 945,634 715,696
945,634 715,696
CURRENT ASSETS
Debtors 5 28,337 593
Cash at bank and in hand 30,233 77,511
58,570 78,104
Creditors: Amounts Falling Due Within One Year 6 (108,820 ) (252,747 )
NET CURRENT ASSETS (LIABILITIES) (50,250 ) (174,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 895,384 541,053
Creditors: Amounts Falling Due After More Than One Year 7 (540,004 ) (419,790 )
NET ASSETS 355,380 121,263
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 355,080 120,963
SHAREHOLDERS' FUNDS 355,380 121,263
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For the year ending 31 January 2025 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 Profit and Loss Account.
On behalf of the board
Mr Sean Hirons
Director
Mr Ryan Poole
Director
Mr Tom Prime
Director
09/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Prestige Holdings (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11137329 . The registered office is Vulcan House, Hermitage Industrial Estate, Goliath Road, Coalville, Leicestershire, LE67 3FT.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2024 374,511 16,804 573,621 964,936
Additions 295,181 - 23,990 319,171
As at 31 January 2025 669,692 16,804 597,611 1,284,107
Depreciation
As at 1 February 2024 - 7,897 241,343 249,240
Provided during the period - 1,782 87,451 89,233
As at 31 January 2025 - 9,679 328,794 338,473
Net Book Value
As at 31 January 2025 669,692 7,125 268,817 945,634
As at 1 February 2024 374,511 8,907 332,278 715,696
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,769 293
Called up share capital not paid 300 300
Amounts owed by other participating interests 26,268 -
28,337 593
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 80,237 88,541
Trade creditors 106 (1 )
Bank loans and overdrafts 12,082 8,857
VAT 5,751 7,974
Accruals and deferred income 1,000 1,000
Directors' loan accounts 9,644 9,644
Amounts owed to associates - 136,732
108,820 252,747
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 121,314 201,551
Bank loans 418,690 218,239
540,004 419,790
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 80,237 88,541
Later than one year and not later than five years 121,314 201,551
201,551 290,092
201,551 290,092
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 300 300
Amount of Allotted, Called Up Share Capital 300 300
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