PRESTIGE ENTERTAINMENT (SCOTLAND) LIMITED


Director	MCCAFFREY, Luke


Registered Address	30 Annathill Gardens
	Annathill
	Coatbridge
	ML5 2QP


Registered Number	SC701769 (Scotland)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		24,770		29,464
			24,770		29,464
Current assets
Cash at bank and on hand		2,237		6,864
		2,237		6,864
Creditors amounts falling due within one year	4	(6,155)		(8,325)
Net current assets (liabilities)			(3,918)		(1,461)
Total assets less current liabilities			20,852		28,003
Creditors amounts falling due after one year	5		(6,277)		(8,911)
Provisions for liabilities			(6,192)		(3,575)
Net assets			8,383		15,517
Capital and reserves
Called up share capital			100		100
Profit and loss account			8,283		15,417
Shareholders' funds			8,383		15,517

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 20 October 2026, and are signed on its behalf by:

MCCAFFREY, Luke
Director
Registered Company No. SC701769

PRESTIGE ENTERTAINMENT (SCOTLAND) LIMITED

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue 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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 25	46,978
	Additions	2,936
	At 30 June 26	49,914
	Depreciation and impairment
	At 01 July 25	17,514
	Charge for year	7,630
	At 30 June 26	25,144
	Net book value
	At 30 June 26	24,770
	At 30 June 25	29,464

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	1,277	3,581
Finance lease and HP contracts	3,604	3,604
Other creditors	174	140
Accrued liabilities and deferred income	1,100	1,000
Total	6,155	8,325

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	6,277	8,911
Total	6,277	8,911

6.	Directors advances, credits and guarantees
	At the end of the year there was a balance due to the director from the company of £174 (2025: £137). This loan is interest-free and repayable on demand

7.	Controlling party
	The ultimate controlling party of Prestige Entertainment Ltd is Mr L McCaffrey.