Company Registration No. 12210277 (England and Wales)
Prosperohub Limited
Unaudited accounts
for the year ended 31 March 2023
Prosperohub Limited
Unaudited accounts
Contents
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
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
Prosperohub Limited
Statement of financial position
as at 31 March 2023
Intangible assets
304,879
279,940
Tangible assets
2,526
4,104
Cash at bank and in hand
620
33
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)
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
Prosperohub Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including intellectual property and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Amortisation is calculated as 10 years straight line.
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
At 31 March 2023
810
15,292
16,102
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
At 31 March 2023
272
2,254
2,526
At 31 March 2022
134
3,970
4,104
Amounts falling due within one year
Trade debtors
115,622
103,172
Accrued income and prepayments
79,423
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
125,019
13,582
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
157,416
Loans from directors
72,110
202,655
Prosperohub Limited
Notes to the Accounts
for the year ended 31 March 2023
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
10
Average number of employees
During the year the average number of employees was 16 (2022: 2).