Prestel & Partner Ltd

Prestel & Partner Ltd

PRESTEL & PARTNER LTD - Company Information

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1 September 2020 false Taxfiler 2022.8.3 07725683business:PrivateLimitedCompanyLtd2020-09-012021-12-31 077256832020-08-31 077256832020-09-012021-12-31 07725683business:AuditExempt-NoAccountantsReport2020-09-012021-12-31 07725683business:FullAccounts2020-09-012021-12-31 077256832021-12-31 07725683business:Director12020-09-012021-12-31 07725683business:Director22020-09-012021-12-31 07725683business:CompanySecretary12020-09-012021-12-31 07725683business:RegisteredOffice2020-09-012021-12-31 077256832020-08-31 07725683core:WithinOneYear2021-12-31 07725683core:WithinOneYear2020-08-31 07725683core:ShareCapital2021-12-31 07725683core:ShareCapital2020-08-31 07725683core:RetainedEarningsAccumulatedLosses2021-12-31 07725683core:RetainedEarningsAccumulatedLosses2020-08-31 07725683business:SmallEntities2020-09-012021-12-31 07725683countries:EnglandWales2020-09-012021-12-31 07725683core:FurnitureFittings2020-09-012021-12-31 07725683core:ComputerEquipment2020-09-012021-12-31 07725683core:FurnitureFittings2020-08-31 07725683core:ComputerEquipment2020-08-31 07725683core:FurnitureFittings2021-12-31 07725683core:ComputerEquipment2021-12-31 077256832019-09-012020-08-31 iso4217:GBP xbrli:pure
Company Registration No. 07725683 (England and Wales)
Prestel & Partner Ltd Unaudited accounts for the period from 1 September 2020 to 31 December 2021
Prestel & Partner Ltd Unaudited accounts Contents
Page
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Prestel & Partner Ltd Company Information for the period from 1 September 2020 to 31 December 2021
Directors
Katja Muelheim Tobias Prestel
Secretary
Katja Muelheim
Company Number
07725683 (England and Wales)
Registered Office
78 YORK STREET LONDON LONDON W1H 1DP
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Prestel & Partner Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
1,256 
Current assets
Debtors
5
18,589 
181,058 
Cash at bank and in hand
366,476 
127,870 
385,065 
308,928 
Creditors: amounts falling due within one year
6
(280,326)
(336,857)
Net current assets/(liabilities)
104,739 
(27,929)
Net assets/(liabilities)
104,739 
(26,673)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
103,739 
(27,673)
Shareholders' funds
104,739 
(26,673)
For the period ending 31 December 2021 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
Katja Muelheim Director Company Registration No. 07725683
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Prestel & Partner Ltd Notes to the Accounts for the period from 1 September 2020 to 31 December 2021
1
Statutory information
Prestel & Partner Ltd is a private company, limited by shares, registered in England and Wales, registration number 07725683. The registered office is 78 YORK STREET, LONDON, LONDON, W1H 1DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Fixed Rate 5 Years
Computer equipment
Fixed Rate 3 Years
Controlling Party
Prestel and Partner International Ltd own 100% ordinary GBP10 shares in Prestel and Partner UK Ltd. This comprises 100% ownership of the investment. Parent Company Prestel and Partner International Ltd Anson Court La Route des Camps St Martin Guernsey GY4 6AD
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Prestel & Partner Ltd Notes to the Accounts for the period from 1 September 2020 to 31 December 2021
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2020
1,394 
14,987 
16,381 
At 31 December 2021
1,394 
14,987 
16,381 
Depreciation
At 1 September 2020
1,394 
13,731 
15,125 
Charge for the period
- 
1,256 
1,256 
At 31 December 2021
1,394 
14,987 
16,381 
Net book value
At 31 December 2021
- 
- 
- 
At 31 August 2020
- 
1,256 
1,256 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
12,269 
160,315 
Accrued income and prepayments
5,875 
19,546 
Other debtors
445 
1,197 
18,589 
181,058 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
62,769 
- 
VAT
- 
2,392 
Trade creditors
7,730 
2,078 
Taxes and social security
36,527 
28,598 
Other creditors
15,220 
358 
Deferred income
158,080 
303,431 
280,326 
336,857 
7
Average number of employees
During the period the average number of employees was 5 (2020: 6).
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