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Company Registration No. 12367479 (England and Wales)
Prestige Music Group Ltd Unaudited accounts for the year ended 31 December 2024
Prestige Music Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Prestige Music Group Ltd Company Information for the year ended 31 December 2024
Director
Shahid Mazhar
Company Number
12367479 (England and Wales)
- 3 -
Prestige Music Group Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,836 
13,185 
Investments
5
470,000 
270,000 
483,836 
283,185 
Current assets
Cash at bank and in hand
116,863 
220,475 
Creditors: amounts falling due within one year
6
(109,243)
(124,042)
Net current assets
7,620 
96,433 
Net assets
491,456 
379,618 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
491,256 
379,418 
Shareholders' funds
491,456 
379,618 
For the year ending 31 December 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 April 2025 and were signed on its behalf by
Shahid Mazhar Director Company Registration No. 12367479
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Prestige Music Group Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Prestige Music Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12367479.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
20,755 
Additions
4,110 
At 31 December 2024
24,865 
Depreciation
At 1 January 2024
7,570 
Charge for the year
3,459 
At 31 December 2024
11,029 
Net book value
At 31 December 2024
13,836 
At 31 December 2023
13,185 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
270,000 
Additions
200,000 
Valuation at 31 December 2024
470,000 
- 5 -
Prestige Music Group Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,103 
26,023 
Taxes and social security
76,942 
91,476 
Loans from directors
12,238 
5,583 
Accruals
2,960 
960 
109,243 
124,042 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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