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Company Registration No. 12210277 (England and Wales)
Prosperohub Limited Unaudited accounts for the year ended 31 March 2023
Prosperohub Limited Unaudited accounts Contents
Page
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Prosperohub Limited Company Information for the year ended 31 March 2023
Directors
Colin Abercrombie Neil Ritchie
Company Number
12210277 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Prosperohub Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prosperohub Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Prosperohub Limited, as a body, in accordance with the terms of our engagement letter dated 12 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Prosperohub Limited and state those matters that we have agreed to state to the Board of Directors of Prosperohub Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prosperohub Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Prosperohub Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Prosperohub Limited. You consider that Prosperohub Limited 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 Prosperohub Limited. 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.
Calculo Ltd Chartered Certified Accountants Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA 9 October 2023
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Prosperohub Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
304,879 
279,940 
Tangible assets
2,526 
4,104 
307,405 
284,044 
Current assets
Debtors
195,045 
166,995 
Cash at bank and in hand
620 
33 
195,665 
167,028 
Creditors: amounts falling due within one year
(263,218)
(27,999)
Net current (liabilities)/assets
(67,553)
139,029 
Total assets less current liabilities
239,852 
423,073 
Creditors: amounts falling due after more than one year
(114,267)
(360,071)
Net assets
125,585 
63,002 
Capital and reserves
Called up share capital
150,100 
100 
Profit and loss account
(24,515)
62,902 
Shareholders' funds
125,585 
63,002 
For the year ending 31 March 2023 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 October 2023 and were signed on its behalf by
Colin Abercrombie Director Company Registration No. 12210277
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Prosperohub Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Prosperohub Limited is a private company, limited by shares, registered in England and Wales, registration number 12210277. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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 year, 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
3 years straight line
Computer equipment
3 years straight line
Intangible fixed assets
Intangible fixed assets (including intellectual property and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
348,676 
Additions
24,939 
At 31 March 2023
373,615 
Amortisation
At 1 April 2022
68,736 
At 31 March 2023
68,736 
Net book value
At 31 March 2023
304,879 
At 31 March 2022
279,940 
Amortisation is calculated as 10 years straight line.
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Prosperohub Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
402 
11,912 
12,314 
Additions
408 
3,380 
3,788 
At 31 March 2023
810 
15,292 
16,102 
Depreciation
At 1 April 2022
268 
7,942 
8,210 
Charge for the year
270 
5,096 
5,366 
At 31 March 2023
538 
13,038 
13,576 
Net book value
At 31 March 2023
272 
2,254 
2,526 
At 31 March 2022
134 
3,970 
4,104 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
115,622 
103,172 
Accrued income and prepayments
79,423 
- 
Other debtors
- 
63,823 
195,045 
166,995 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
38,125 
14,417 
Trade creditors
20,981 
- 
Taxes and social security
125,019 
13,582 
Other creditors
79,093 
- 
263,218 
27,999 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,157 
- 
Amounts owed to group undertakings and other participating interests
- 
157,416 
Loans from directors
72,110 
202,655 
114,267 
360,071 
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Prosperohub Limited Notes to the Accounts for the year ended 31 March 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
150,000 Preference shares of £1 each
150,000 
150,000 
150,100 
150,100 
10
Average number of employees
During the year the average number of employees was 16 (2022: 2).
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