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Company Registration No. 12107157 (England and Wales)
Prout Partnership Ltd Unaudited filleted accounts for the year ended 31 July 2023
Prout Partnership Ltd Unaudited filleted accounts Contents
Page
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Prout Partnership Ltd Company Information for the year ended 31 July 2023
Directors
Joey Ben-Yoav Yoav Ben-Yoav
Company Number
12107157 (England and Wales)
Registered Office
72 Charteris Road London NW6 7EX
Accountants
1g Accountants Churchill House 137-139 Brent Street London NW4 4DJ
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Prout Partnership Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
1,520,669 
Investments
100 
- 
100 
1,520,669 
Current assets
Debtors
1,172,125 
97,062 
Cash at bank and in hand
717 
6,506 
1,172,842 
103,568 
Creditors: amounts falling due within one year
(658,238)
(1,836,818)
Net current assets/(liabilities)
514,604 
(1,733,250)
Total assets less current liabilities
514,704 
(212,581)
Creditors: amounts falling due after more than one year
(42,187)
(50,623)
Net assets/(liabilities)
472,517 
(263,204)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
472,317 
(263,404)
Shareholders' funds
472,517 
(263,204)
For the year ending 31 July 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 28 July 2024 and were signed on its behalf by
Yoav Ben-Yoav Director Company Registration No. 12107157
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Prout Partnership Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Prout Partnership Ltd is a private company, limited by shares, registered in England and Wales, registration number 12107157. The registered office is 72 Charteris Road, London, NW6 7EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
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.
Turnover
Rental income is recognised on a straight line basis over the course of a lease.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The company has an excess of liabilities over assets at the financial reporting date. In the period between the financial reporting date and the date of signing of the financial statements the investment property development has proceeded satisfactorily and its value is sufficient to cover the liabilities incurred. Accordingly the directors have elected to prepare the financial statements on the going concern basis.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
1,520,669 
Additions
349,089 
Disposals
(1,869,758)
At 31 July 2023
- 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2022
- 
Additions
100 
Valuation at 31 July 2023
100 
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Prout Partnership Ltd Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,172,125 
97,061 
Amounts falling due after more than one year
Other debtors
- 
1 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,651 
- 
Trade creditors
4,995 
4,995 
Other creditors
600,613 
1,788,472 
Loans from directors
43,839 
42,391 
Accruals
1,140 
960 
658,238 
1,836,818 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,187 
50,623 
9
Transactions with related parties
Included within other creditors is £388,417 (2021: £419,620) owed to 5 (2021: 7) companies under common control. Included within other debtors is £97,052 (2021: £72,521) owed by 11 (2021: 4) companies under common control to the company. Included within trace creditors is an amount of £109,992 (2020: £nil) owed to Jay Building Limited, a company under common control. Expenditure of £228,345 (2020: nil) was incurred to Jay Building Limited in relation to investment property additions during the year.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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