Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity1412truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09119599 2022-07-01 2023-06-30 09119599 2021-07-01 2022-06-30 09119599 2023-06-30 09119599 2022-06-30 09119599 c:Director2 2022-07-01 2023-06-30 09119599 d:FurnitureFittings 2022-07-01 2023-06-30 09119599 d:FurnitureFittings 2023-06-30 09119599 d:FurnitureFittings 2022-06-30 09119599 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09119599 d:ComputerSoftware 2023-06-30 09119599 d:ComputerSoftware 2022-06-30 09119599 d:CurrentFinancialInstruments 2023-06-30 09119599 d:CurrentFinancialInstruments 2022-06-30 09119599 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09119599 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09119599 d:ShareCapital 2023-06-30 09119599 d:ShareCapital 2022-06-30 09119599 d:RetainedEarningsAccumulatedLosses 2023-06-30 09119599 d:RetainedEarningsAccumulatedLosses 2022-06-30 09119599 c:FRS102 2022-07-01 2023-06-30 09119599 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09119599 c:FullAccounts 2022-07-01 2023-06-30 09119599 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09119599 d:ComputerSoftware d:OwnedIntangibleAssets 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09119599









PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
REGISTERED NUMBER: 09119599

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible fixed assets
 4 
6,883
11,800

Tangible fixed assets
 5 
62,117
77,205

  
69,000
89,005

Current assets
  

Stocks
  
6,000
16,177

Debtors: amounts falling due within one year
 6 
48,113
47

Cash at bank and in hand
  
30,997
400

  
85,110
16,624

Creditors: amounts falling due within one year
 7 
(1,377,208)
(1,057,820)

Net current liabilities
  
 
 
(1,292,098)
 
 
(1,041,196)

Total assets less current liabilities
  
(1,223,098)
(952,191)

  

Net liabilities
  
(1,223,098)
(952,191)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(1,223,298)
(952,391)

  
(1,223,098)
(952,191)

Page 1

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
REGISTERED NUMBER: 09119599
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 March 2024.

A Thrasyvoulou
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Prostoparon Limited (formerly Experience Raw Limited) is a private company limited by shares and registered in England & Wales. The address of its registered office is 25 London Street, Paddington, London W2 1HH and the principal place of business is 17 Jubilee Street, Brighton BN1 1GE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company incurred a deficit and as at the balance sheet date was showing net liabilities of £1,223,098 (2022: £952,191), largely comprised of loans from companies under the common control of the director.
The director has confirmed this support will be ongoing and will not be seeking repayment of the loans until surplus funds generated from operations are available for repayment. Accordingly, the director considers that the company has adequate funds available to meet its other liabilities as they fall due.
In assessing the appropriateness of the going concern basis, the director has taken into account all relevant information covering a period of at least twelve months from the date of the approval of the statutory financial statements

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Revenue comprises restaurant takings in respect of the financial year.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. 
Brand costs have been amortised over three years.

Page 3

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows..

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for slow-moving items. Cost is calculated on an individual item basis.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

Page 4

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from third parties.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 12).


4.


Intangible assets




Brand costs

£



Cost


At 1 July 2022
14,750



At 30 June 2023

14,750



Amortisation


At 1 July 2022
2,950


Charge for the year on owned assets
4,917



At 30 June 2023

7,867



Net book value



At 30 June 2023
6,883



At 30 June 2022
11,800



Page 5

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
214,807


Additions
421



At 30 June 2023

215,228



Depreciation


At 1 July 2022
137,602


Charge for the year on owned assets
15,509



At 30 June 2023

153,111



Net book value



At 30 June 2023
62,117



At 30 June 2022
77,205

Page 6

 
PROSTOPARON LIMITED (FORMERLY EXPERIENCE RAW LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Other debtors
48,066
-

Prepayments
47
47

48,113
47



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,040
2,400

Other taxation and social security
23,242
12,172

Other creditors
1,334,386
1,031,748

Accruals
14,540
11,500

1,377,208
1,057,820



8.


Related party transactions

During the year, the company paid concession fees of £114,000 (2022: £114,000) to My Bright Limited,  a company with common control.
At the balance sheet date the company owed £1,274,743 (2022: £1,031,748) to various companies owned and controlled by A Thrasyvoulou.
All loans are interest free, unsecured and repayable on demand.

 
Page 7