PRESTIGE_MANAGEMENT_(UK)_ - Accounts

PRESTIGE MANAGEMENT (UK) LIMITED - Company Information

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Company Registration No. 07002765 (England and Wales)

PRESTIGE MANAGEMENT (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

PRESTIGE MANAGEMENT (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PRESTIGE MANAGEMENT (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

961

1,271

Current assets

Debtors

21,675

3,414

Cash at bank and in hand

6,737

13,619

28,412

17,033

Creditors: amounts falling due within one year

(28,466)

(16,840)

Net current liabilities/(assets)

(54)

193

Total assets less current liabilities

907

1,464

Capital and reserves

Called up share capital

Profit and loss account

906

1,463

Shareholders' funds

907

1,464

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 June 2016

R W Solomon

Director

Company Registration No. 07002765

PRESTIGE MANAGEMENT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT ..

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight Line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 October 2014

17,063

Additions

266

At 30 September 2015

17,329

Depreciation

At 1 October 2014

15,792

Charge for the year

576

At 30 September 2015

16,368

Net book value

At 30 September 2015

961

At 30 September 2014

1,271

PRESTIGE MANAGEMENT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each