Company Registration No. 10310718 (England and Wales)
B&H PRESTIGE LIMITED
Unaudited accounts
for the year ended 31 March 2025
B&H PRESTIGE LIMITED
Unaudited accounts
Contents
B&H PRESTIGE LIMITED
Company Information
for the year ended 31 March 2025
Directors
W H M Kelly
M H Donk
Company Number
10310718 (England and Wales)
Registered Office
Leo Gym
Fieldhouse Lane
Marlow
Buckinghamshire
SL7 1LW
England
B&H PRESTIGE LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
143,882
178,785
Cash at bank and in hand
57,951
37,957
Creditors: amounts falling due within one year
(27,431)
(29,165)
Net current assets
128,606
107,227
Total assets less current liabilities
272,488
286,012
Creditors: amounts falling due after more than one year
(1,145,383)
(1,145,383)
Net liabilities
(872,895)
(859,371)
Called up share capital
20,880
20,880
Profit and loss account
(893,775)
(880,251)
Shareholders' funds
(872,895)
(859,371)
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 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 of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by
M H Donk
Director
Company Registration No. 10310718
B&H PRESTIGE LIMITED
Notes to the Accounts
for the year ended 31 March 2025
B&H PRESTIGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10310718. The registered office is Leo Gym, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1LW, England.
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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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
All assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation. The cost of an
asset initially recognised includes its purchase price and any cost 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 provided on the following basis:
- Short leasehold - up to 30 years
- Improvement to property - 10% on cost
- Plant and machinery - 20% reducing balance
- Fixtures and fittings - 20 on cost
- Computer equipment - 10% on cost
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
B&H PRESTIGE LIMITED
Notes to the Accounts
for the year ended 31 March 2025
The tax expense for the year comprises current and deferred tax.
Tax is recognised in profit or loss except that a change 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the
balance sheet date, except that:
- the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against
the reversal of deferred tax liabilities or other future taxable profits; and
- any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have
been met.
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by
the balance sheet date.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
17,128
556,538
573,666
At 31 March 2025
17,128
558,051
575,179
At 1 April 2024
3,854
391,027
394,881
Charge for the year
571
35,845
36,416
At 31 March 2025
4,425
426,872
431,297
At 31 March 2025
12,703
131,179
143,882
At 31 March 2024
13,274
165,511
178,785
Amounts falling due within one year
Trade debtors
30,586
7,902
Other debtors
66,000
89,033
B&H PRESTIGE LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
25,929
12,022
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Creditors: amounts falling due after more than one year
2025
2024
Other creditors
1,145,383
1,145,383
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Transactions with related parties
At the reporting date, the company owed the director £752,560 (2024: £752,560). At the reporting date, the company owed a prior director £392,823 (2024: 392,823). The outstanding amount is unsecured, interest free, has no fixed terms of repayment and is considered payable on demand. Whilst the company has negative reserves, the outstanding amount will be classified as long term in nature.
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Average number of employees
During the year the average number of employees was 2 (2024: 8).