Prestige Restaurants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03415440

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		503		671

			503		671
CURRENT ASSETS
Debtors	4	269,239		291,840
Cash at bank and in hand		29,069		14,014

		298,308		305,854
Creditors: Amounts Falling Due Within One Year	5	(951,903 )		(965,866 )

NET CURRENT ASSETS (LIABILITIES)			(653,595 )		(660,012 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(653,092 )		(659,341 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(126 )		-

NET LIABILITIES			(653,218 )		(659,341 )

CAPITAL AND RESERVES
Called up share capital	6		120		120
Share premium account			29		29
Profit and Loss Account			(653,367 )		(659,490 )

SHAREHOLDERS' FUNDS			(653,218)		(659,341)

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Prestige Restaurants Limited

Balance Sheet (continued)

As At 31 March 2025

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.

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

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Bianca Michaels

Director

23rd December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

1.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

3. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	558	1,555	2,113

As at 31 March 2025	558	1,555	2,113

...CONTINUED

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Prestige Restaurants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	502	940	1,442
Provided during the period	14	154	168

As at 31 March 2025	516	1,094	1,610

Net Book Value
As at 31 March 2025	42	461	503

As at 1 April 2024	56	615	671

4. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	269,239	291,840

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	594	3,903
Other creditors	949,704	958,624
Taxation and social security	1,605	3,339

	951,903	965,866

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	120	120

7. Related Party Transactions

As at the year end, and included in Other Creditors is £360,286 (2024: £363,634) owed to the directors. This loan is non-interest bearing and repayable on demand.

8. Controlling Party

The company's controlling party is Mr R Mudu by virtue of his ownership of 75% of the issued share capital in the company.

9. Going Concern

As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.

10. Secured Creditors

The company has fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

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Prestige Restaurants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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