REGISTERED NUMBER: 03219800 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Prestige & Performance Cars Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H P Firman

M N Harris

SECRETARY:

S T Firman

REGISTERED OFFICE:

Watergate Farm

Cherry Tree Lane

Buckinghamshire

Iver Heath

Buckinghamshire

SL0 0EE

REGISTERED NUMBER:

03219800 (England and Wales)

ACCOUNTANTS:

Reeve & Co

Chartered Certified Accountants

Unit 14 Oak House

Witham Park

Waterside South

Lincoln

LN5 7FB

FIXED ASSETS

1,189,294

Property, plant and equipment

4

1,135,217

CURRENT ASSETS

878,434

Inventories

486,795

32,959

Debtors

5

83,313

362,791

Cash at bank and in hand

584,070

1,274,184

1,154,178

CREDITORS

258,191

Amounts falling due within one year

6

416,084

1,015,993

NET CURRENT ASSETS

738,094

2,205,287

TOTAL ASSETS LESS CURRENT LIABILITIES

1,873,311

CREDITORS

(185,299

)

Amounts falling due after more than one year

7

(117,227

)

(225,966

)

PROVISIONS FOR LIABILITIES

(225,966

)

1,794,022

NET ASSETS

1,530,118

CAPITAL AND RESERVES

100

Called up share capital

100

1,793,922

Retained earnings

1,530,018

1,794,022

SHAREHOLDERS' FUNDS

1,530,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

H P Firman - Director

M N Harris - Director

1.	STATUTORY INFORMATION

Prestige & Performance Cars Limited 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.

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.

Turnover

Revenue 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.

Leasehold buildings

-

10% on cost

Tools and equipment

-

20% on cost

Yacht

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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 year was 11 (2024 - 11 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Leasehold

Tools and

Totals

buildings

equipment

£

£

£

COST

At 1 August 2024

1,506,097

56,000

54,440

Additions

1,451

-

-

At 31 July 2025

1,507,548

56,000

54,440

DEPRECIATION

At 1 August 2024

316,803

56,000

41,224

Charge for year

55,528

-

5,351

At 31 July 2025

372,331

56,000

46,575

NET BOOK VALUE

At 31 July 2025

1,135,217

-

7,865

At 31 July 2024

1,189,294

-

13,216

Motor

Office

Yacht

vehicles

equipment

£

£

£

COST

At 1 August 2024

1,237,542

123,328

34,787

Additions

1,451

-

-

At 31 July 2025

1,238,993

123,328

34,787

DEPRECIATION

At 1 August 2024

72,526

114,136

32,917

Charge for year

44,332

4,534

1,311

At 31 July 2025

116,858

118,670

34,228

NET BOOK VALUE

At 31 July 2025

1,122,135

4,658

559

At 31 July 2024

1,165,016

9,192

1,870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

18,914

394

Other debtors

19,397

5,575

Prepayments

45,002

26,990

83,313

32,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

275,436

68,322

Trade creditors

37,374

157,418

Tax

799

-

Social security and other taxes

12,673

15,840

Other creditors

16,995

7,950

Directors' current accounts

57

5

Accrued expenses

72,750

8,656

416,084

258,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

71,485

71,558

Bank loans - 2-5 years

45,742

113,741

117,227

185,299

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid rent totalling £64,750 (2024 - £64,750) to Mr H P Firman and Mrs S T Firman