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Company Registration No. 12776027 (England and Wales)
Prospero Houses Ltd Unaudited accounts for the year ended 31 May 2023
Prospero Houses Ltd Unaudited accounts Contents
Page
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Prospero Houses Ltd Company Information for the year ended 31 May 2023
Directors
Donna Marie Pegg Ashley Marc Stevenson Gemma Louise Stevenson
Company Number
12776027 (England and Wales)
Registered Office
126 BUXTON CRESCENT BROUGHTON ASTLEY LEICESTER LE9 6TD ENGLAND
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Prospero Houses Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,190 
- 
Investment property
726,845 
275,503 
731,035 
275,503 
Current assets
Debtors
5,160 
- 
Cash at bank and in hand
6,426 
2,189 
11,586 
2,189 
Creditors: amounts falling due within one year
(204,405)
(191,795)
Net current liabilities
(192,819)
(189,606)
Total assets less current liabilities
538,216 
85,897 
Creditors: amounts falling due after more than one year
(438,580)
(87,345)
Net assets/(liabilities)
99,636 
(1,448)
Capital and reserves
Share premium
100 
100 
Revaluation reserve
103,370 
- 
Profit and loss account
(3,834)
(1,548)
Shareholders' funds
99,636 
(1,448)
For the year ending 31 May 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 12 February 2023 and were signed on its behalf by
Donna Marie Pegg Director Company Registration No. 12776027
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Prospero Houses Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Prospero Houses Ltd is a private company, limited by shares, registered in England and Wales, registration number 12776027. The registered office is 126 BUXTON CRESCENT, BROUGHTON ASTLEY, LEICESTER, LE9 6TD, 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
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
- 
Additions
4,190 
At 31 May 2023
4,190 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
4,190 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
275,503 
Additions
347,972 
Net gain from fair value adjustments
103,370 
At 31 May 2023
726,845 
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Prospero Houses Ltd Notes to the Accounts for the year ended 31 May 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
5,160 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
5,160 
151,766 
Loans from directors
198,470 
39,369 
Accruals
775 
660 
204,405 
191,795 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
438,580 
87,345 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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