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Company Registration No. 14535474 (England and Wales)
Prestige Urban Trading Ltd Unaudited accounts for the year ended 31 December 2024
Prestige Urban Trading Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Prestige Urban Trading Ltd Company Information for the year ended 31 December 2024
Director
N Binov
Company Number
14535474 (England and Wales)
- 3 -
Prestige Urban Trading Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
(9,691)
14,271 
Current assets
Debtors
5
- 
9,392 
Cash at bank and in hand
685 
2,974 
685 
12,366 
Creditors: amounts falling due within one year
6
(62,830)
(37,263)
Net current liabilities
(62,145)
(24,897)
Total assets less current liabilities
(71,836)
(10,626)
Creditors: amounts falling due after more than one year
7
(25,104)
- 
Net liabilities
(96,940)
(10,626)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
(97,040)
(10,726)
Shareholders' funds
(96,940)
(10,626)
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 26 September 2025 and were signed on its behalf by
N Binov Director Company Registration No. 14535474
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Prestige Urban Trading Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Prestige Urban Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 14535474.
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:
Fixtures & fittings
20% - Straight Line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
- 
17,839 
17,839 
Additions
(20,394)
- 
(20,394)
At 31 December 2024
(20,394)
17,839 
(2,555)
Depreciation
At 1 January 2024
- 
3,568 
3,568 
Charge for the year
- 
3,568 
3,568 
At 31 December 2024
- 
7,136 
7,136 
Net book value
At 31 December 2024
(20,394)
10,703 
(9,691)
At 31 December 2023
- 
14,271 
14,271 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
9,392 
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Prestige Urban Trading Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,411 
35,763 
Loans from directors
43,919 
- 
Accruals
1,500 
1,500 
62,830 
37,263 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,104 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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