REGISTERED NUMBER: 06926785 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2024 to 28 August 2025

for

L & S Prestige Estates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S Kelly

Miss Y Menear

REGISTERED OFFICE:

46 High Road

Lane Head

Willenhall

West Midlands

WV12 4JQ

REGISTERED NUMBER:

06926785 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

4,531

6,019

CURRENT ASSETS

Debtors

5

49,287

21,899

Cash at bank

77,497

78,987

126,784

100,886

CREDITORS

Amounts falling due within one year

6

(126,741

)

(89,839

)

NET CURRENT ASSETS

43

11,047

TOTAL ASSETS LESS CURRENT LIABILITIES

4,574

17,066

CREDITORS

Amounts falling due after more than one year

7

-

(12,500

)

PROVISIONS FOR LIABILITIES

9

(1,133

)

(1,505

)

NET ASSETS

3,441

3,061

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

3,341

2,961

SHAREHOLDERS' FUNDS

3,441

3,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2026 and were signed on its behalf by:

S Kelly - Director

1.	STATUTORY INFORMATION

L & S Prestige Estates Ltd 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

Basis of preparing the financial statements

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

There are no material departures from the standard.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

and 28 August 2025

2,320

3,043

6,644

5,961

17,968

DEPRECIATION

At 1 March 2024

2,320

2,922

3,613

3,094

11,949

Charge for period

-

36

649

803

1,488

At 28 August 2025

2,320

2,958

4,262

3,897

13,437

NET BOOK VALUE

At 28 August 2025

-

85

2,382

2,064

4,531

At 29 February 2024

-

121

3,031

2,867

6,019

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

49,287

21,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,500

10,000

Trade creditors

4,281

3,175

Taxation and social security

48,036

46,386

Other creditors

66,924

30,278

126,741

89,839

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

12,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

7,500

22,500

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,133

1,505

Deferred

tax

£

Balance at 1 March 2024

1,505

Credit to Profit and Loss Account during period

(372

)

Balance at 28 August 2025

1,133

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

Ordinary A

£1

51

51

49

Ordinary B

£1

49

49

100

100

The A and B ordinary shares are separate classes of shares and are entitled to dividends declared from time to time on a discretionary basis on each class of share, as a separate class right.

In all other respects the shares rank pari passu, including but not limited to:

(i) the right to receive notice of, to attend and to vote at any general meeting of the company;

(ii) the right to participate in the capital of the company, including on a winding up.

The A and B shares shall not be entitled to be redeemed whether at the option of the shareholders or the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 August 2025 and the year ended 29 February 2024:

2025

2024

£

£

S Kelly and Miss Y Menear

Balance outstanding at start of period

19,904

58,366

Amounts advanced

123,382

93,276

Amounts repaid

(94,000

)

(131,738

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

49,286

19,904

The outstanding amount was repaid in the subsequent financial year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L & S Prestige Estates Ltd for the period ended 28 August 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L & S Prestige Estates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L & S Prestige Estates Ltd and state those matters that we have agreed to state to the Board of Directors of L & S Prestige Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & S Prestige Estates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L & S Prestige Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L & S Prestige Estates Ltd. You consider that L & S Prestige Estates Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of L & S Prestige Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

3 February 2026