PRESTIGIOUS ENTERTAINMENT LTD - Period Ending 2014-07-31

Ordinary of £1 each

PRESTIGIOUS ENTERTAINMENT LTD - Company Information

Registration number: 08137090

PRESTIGIOUS ENTERTAINMENT LTD

trading as Prestigious Entertainment Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014

Revis & Co Accountancy Services Ltd
1st Floor
Cosham
50 High Street
Portsmouth
Hampshire
PO6 3AG

PRESTIGIOUS ENTERTAINMENT LTD
trading as Prestigious Entertainment Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
PRESTIGIOUS ENTERTAINMENT LTD
trading as Prestigious Entertainment Ltd
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRESTIGIOUS ENTERTAINMENT LTD for the year ended 31 July 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that PRESTIGIOUS ENTERTAINMENT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of PRESTIGIOUS ENTERTAINMENT LTD. You consider that PRESTIGIOUS ENTERTAINMENT LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of PRESTIGIOUS ENTERTAINMENT 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 accounts.

......................................

Revis & Co Accountancy Services Ltd
1st Floor
Cosham
50 High Street
Portsmouth
Hampshire
PO6 3AG

22 April 2015

Page 1

PRESTIGIOUS ENTERTAINMENT LTD
trading as Prestigious Entertainment Ltd
(Registration number: 08137090)
Abbreviated Balance Sheet at 31 July 2014

	Note	2014 £
Fixed assets
Tangible fixed assets		513
Current assets
Cash at bank and in hand		3,162
Creditors: Amounts falling due within one year		(4,013)
Net current liabilities		(851)
Net liabilities		(338)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(339)
Shareholders' deficit		(338)

For the year ending 31 July 2014 the company was entitled to exemption 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 her 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 .

Approved by the director on 22 April 2015

.........................................
Ms Jade BENNETT
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

PRESTIGIOUS ENTERTAINMENT LTD
trading as Prestigious Entertainment Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

PRESTIGIOUS ENTERTAINMENT LTD
trading as Prestigious Entertainment Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	520	520
At 31 July 2014	520	520
Depreciation
Charge for the year	7	7
At 31 July 2014	7	7
Net book value
At 31 July 2014	513	513

3	Share capital

Allotted, called up and fully paid shares

Page 4