Prestige Leisure (Peterborough) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06883636 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Prestige Leisure (Peterborough) Limited

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Director:

Z Hussain

Registered office:

Bank House

Broad street

Spalding

Lincolnshire

PE11 1TB

Business address:

21 Park Crescent

Peterborough

Cambridgeshire

PE1 4DX

Registered number:

06883636 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prestige Leisure (Peterborough) Limited for the year ended 30 September 2024 which comprise the Income statement, Statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Prestige Leisure (Peterborough) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prestige Leisure (Peterborough) Limited and state those matters that we have agreed to state to the director of Prestige Leisure (Peterborough) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prestige Leisure (Peterborough) Limited and its director for our work or for this report.

It is your duty to ensure that Prestige Leisure (Peterborough) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prestige Leisure (Peterborough) Limited. You consider that Prestige Leisure (Peterborough) Limited 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 financial statements of Prestige Leisure (Peterborough) Limited. 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 statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

25 September 2025

Fixed assets

Tangible assets

5

1,153,548

1,156,922

Current assets

Debtors

6

8,222

2,766

Cash at bank

123

397

8,345

3,163

Creditors

Amounts falling due within one year

7

91,720

165,767

Net current liabilities

(83,375

)

(162,604

)

Total assets less current liabilities

1,070,173

994,318

Creditors

Amounts falling due after more than one
year

8

(656,065

)

(621,496

)

Provisions for liabilities

(13,771

)

(11,107

)

Net assets

400,337

361,715

Capital and reserves

Called up share capital

100

Revaluation reserve

10

168,737

Retained earnings

231,500

192,878

400,337

361,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

Z Hussain - Director

1.	Statutory information

Prestige Leisure (Peterborough) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Not depreciated

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	Average number of employees

The average number of employees during the year was NIL (2023 - NIL).

5.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost

At 1 October 2023

and 30 September 2024

1,125,000

136,767

1,261,767

Depreciation

At 1 October 2023

-

104,845

Charge for year

-

3,374

At 30 September 2024

-

108,219

Net book value

At 30 September 2024

1,125,000

28,548

1,153,548

At 30 September 2023

1,125,000

31,922

1,156,922

The property was revalued in 2023 by Letters Group at a value of £1,125,000. The property originally cost £602,092 in 2010 however various improvements have been carried out since then. The original cost price of the property and all improvements total £956,263. Therefore this valuation results in an uplift over cost of £168,737.

6.

Debtors: amounts falling due within one year

2024

2023

£

Amounts owed by participating interests

2,766

Other debtors

5,456

-

8,222

2,766

7.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts

32,846

41,927

Trade creditors

2,408

2,880

Taxation and social security

53,127

39,541

Other creditors

3,339

81,419

91,720

165,767

8.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans

131,292

168,192

Trade creditors

524,773

453,304

656,065

621,496

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

Bank loans

164,138

210,119

Bank loans included above are secured on the company's assets via a fixed and floating charge.

10.

Reserves

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

168,737

11.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

Z Hussain

Balance outstanding at start of year

(76,034

)

(76,034

)

Amounts advanced

120,604

-

Amounts repaid

(44,570

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(76,034

)