Vintage and Prestige Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09531192

Vintage and Prestige Ltd

Filleted Unaudited Financial Statements

31 March 2025

Vintage and Prestige Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Vintage and Prestige Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1,000	–
Tangible assets	6	644	1,130
		-------	-------
		1,644	1,130

Current assets

Stocks		105,381	108,520
Debtors	7	4,580	–
Cash at bank and in hand		20,594	19,433
		---------	---------
		130,555	127,953

Creditors: amounts falling due within one year	8	180,259		168,257
		---------		---------
Net current liabilities			49,704	40,304
			--------	--------
Total assets less current liabilities			( 48,060)	( 39,174)

Creditors: amounts falling due after more than one year	9		40,716	50,703

Provisions

Taxation including deferred tax	122	861
	--------	--------
Net liabilities	( 88,898)	( 90,738)
	--------	--------

Capital and reserves

Called up share capital	10	10
Profit and loss account	( 88,908)	( 90,748)
	--------	--------
Shareholders deficit	( 88,898)	( 90,738)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Vintage and Prestige Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr A Payne

Director

Company registration number: 09531192

Vintage and Prestige Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue trading for the foreseeable future.

The directors have prepared financial forecasts for the business and have a reasonable expectation that it will be able to meet its liabilities as they fall due.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Development costs - 4 years straight line

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment - 4 years straight line Fixtures and Fittings - 2 years straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 April 2024	15,405
Additions	1,104
	--------
At 31 March 2025	16,509
	--------
Amortisation
At 1 April 2024	15,405
Charge for the year	104
	--------
At 31 March 2025	15,509
	--------
Carrying amount
At 31 March 2025	1,000
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	2,254	26,388	28,642
	-------	--------	--------
Depreciation
At 1 April 2024	1,607	25,905	27,512
Charge for the year	162	324	486
	-------	--------	--------
At 31 March 2025	1,769	26,229	27,998
	-------	--------	--------
Carrying amount
At 31 March 2025	485	159	644
	-------	--------	--------
At 31 March 2024	647	483	1,130
	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,580	–
	-------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	13,527	32,008
Trade creditors	980	2,350
Social security and other taxes	5,456	6,275
Other creditors	160,296	127,624
	---------	---------
	180,259	168,257
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	40,716	50,703
	--------	--------

10. Related party transactions

At the year end the company owed the director £126,094(2024: £92,283).