ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company registration number: 07521932

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MAY 2025

	PRESTIGE PAWNBROKERS LIMITED


PRESTIGE PAWNBROKERS LIMITED

COMPANY INFORMATION

Director	J Constantinou


Registered number	07521932


Registered office	164-166 High Street
	Guildford
	Surrey
	GU1 3HW


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	Surrey
	TW18 4BP


PRESTIGE PAWNBROKERS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


PRESTIGE PAWNBROKERS LIMITED REGISTERED NUMBER:07521932

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,269,571		1,295,603
			1,269,571		1,295,603
Current assets
Debtors: amounts falling due within one year	5	15,710		24,255
		15,710		24,255
Creditors: amounts falling due within one year	6	(261,136)		(296,588)
Net current liabilities			(245,426)		(272,333)
Total assets less current liabilities			1,024,145		1,023,270
Creditors: amounts falling due after more than one year			(952,250)		(952,250)

Net assets			71,895		71,020

Capital and reserves
Called up share capital	1	1
Profit and loss account	71,894	71,019
	71,895	71,020

Page 1


PRESTIGE PAWNBROKERS LIMITED REGISTERED NUMBER:07521932

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Constantinou

Director

Date: 2 October 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


PRESTIGE PAWNBROKERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

1.	General information

Prestige Pawnbrokers 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.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents income generated from the rental of the property held for trade purposes by the parent company.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3


PRESTIGE PAWNBROKERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	2%	straight line
				Fixtures and fittings	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 1 (2024 - 1).

Page 4


PRESTIGE PAWNBROKERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

4.	Tangible fixed assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 June 2024	1,262,150	151,101	1,413,251
At 31 May 2025	1,262,150	151,101	1,413,251
Depreciation
At 1 June 2024	30,292	87,356	117,648
Charge for the period on owned assets	10,097	15,935	26,032
At 31 May 2025	40,389	103,291	143,680
Net book value
At 31 May 2025	1,221,761	47,810	1,269,571
At 31 May 2024	1,231,858	63,745	1,295,603

Debtors

					2025	2024
					£	£


Prepayments and accrued income	15,710	24,255
	15,710	24,255

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	242,559	270,004
Corporation tax	4,085	11,942
Accruals and deferred income	14,492	14,642
	261,136	296,588

Page 5


PRESTIGE PAWNBROKERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025



Amounts falling due 2-5 years
Other loans	952,250	952,250

Other loans are secured by way of fixed and float legal charges over the property held by the company.

8.	Parent Company

Prestige Pawnbrokers Limited is a wholly owned subsidiary of Prestige Asset Finance Limited, a company incorporated in the United Kingdom. Their registered office is 164-166 High Street, Guildford, England, GU1 3HW.

Page 6