LONDON PRESTIGE LIMITED - Filleted accounts

Registered number

04781226

LONDON PRESTIGE LIMITED

Report and Accounts

31 March 2025

LONDON PRESTIGE LIMITED
Registered number:		04781226
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,988			2,239

Current assets
Debtors	4	222,523			280,602
Cash at bank and in hand		90,643			232,025
		313,166			512,627

Creditors: amounts falling due within one year	5	(210,293)			(429,462)

Net current assets			102,873			83,165

Net assets			105,861			85,404

Capital and reserves
Called up share capital			40,000			40,000
Profit and loss account			65,861			45,404

Shareholders' funds			105,861			85,404

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MR K KHAN
Director
Approved by the Board on 30 July 2025

LONDON PRESTIGE LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of services and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		5		10

3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				25,119
	Additions				1,744
	At 31 March 2025				26,863

	Depreciation
	At 1 April 2024				22,880
	Charge for the year				995
	At 31 March 2025				23,875

	Net book value
	At 31 March 2025				2,988
	At 31 March 2024				2,239


4	Debtors		2025		2024
£				£

	Trade debtors		122,168		279,902
	Other debtors		100,355		700
			222,523		280,602

5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		-		202,150
	Corporation tax		9,540		30,372
	Other taxes and social security costs		254		171
	Other creditors		200,499		196,769
			210,293		429,462


6	Controlling party

	The company is controlled by Mrs D Alamoudi, who together with her husband, hold 100% of the ordinary issued share capital.

7	Other information

	LONDON PRESTIGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is situated at 249, Stoney Stanton Road, Coventry: