REGISTERED NUMBER: 04978749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PRESTIGE LAND AND MARINE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Telford

REGISTERED OFFICE:

Risehow Hydraulics Centre

Risehow

Maryport

Cumbria

CA15 8PA

REGISTERED NUMBER:

04978749 (England and Wales)

FIXED ASSETS

Tangible assets

4

82,775

84,769

CURRENT ASSETS

Debtors

17,558

17,558

CREDITORS

Amounts falling due within one year

241,702

242,060

NET CURRENT LIABILITIES

(224,144

)

(224,502

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(141,369

)

(139,733

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

(141,371

)

(139,735

)

SHAREHOLDERS' FUNDS

(141,369

)

(139,733

)

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 7 October 2025 and were signed by:

Mr M Telford - Director

1.	STATUTORY INFORMATION

Prestige Land and Marine 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.

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.

The financial statements have been prepared on the going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Motor vehicles

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

114,296

DEPRECIATION

At 1 March 2024

29,527

Charge for year

1,994

At 28 February 2025

31,521

NET BOOK VALUE

At 28 February 2025

82,775

At 29 February 2024

84,769

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 March 2024

and 28 February 2025

14,600

DEPRECIATION

At 1 March 2024

and 28 February 2025

14,599

NET BOOK VALUE

At 28 February 2025

1

At 29 February 2024

1

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

2

Ordinary

£1

2

2

6.	RELATED PARTY DISCLOSURES

The company was under the control of Mr M Telford throughout the current and the previous year. Mr M Telford is the managing director and owns 50% of the issued share capital.

At 28 February 2025 the company owed Forth Engineering (Cumbria) Limited £215,259 (2024: £215,259)

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Telford.