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REGISTERED NUMBER: 08168379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Prosper Financial Solutions Limited

Prosper Financial Solutions Limited (Registered number: 08168379)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prosper Financial Solutions Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G J Stanley
S P Fry
Mrs L J Stanley





REGISTERED OFFICE: West Barn
Wimborne Road
Blandford
Dorset
DT11 9HN





REGISTERED NUMBER: 08168379 (England and Wales)





ACCOUNTANTS: Prosper Accountancy & Tax
204 Bourne House
23 Hinton Road
Bournemouth
Dorset
BH1 2EF

Prosper Financial Solutions Limited (Registered number: 08168379)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,000
Tangible assets 5 2,069 2,758
6,569 7,758

CURRENT ASSETS
Debtors 6 64,321 54,824
Cash at bank and in hand 24,563 33,402
88,884 88,226
CREDITORS
Amounts falling due within one year 7 13,286 9,798
NET CURRENT ASSETS 75,598 78,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,167

86,186

CREDITORS
Amounts falling due after more than one year 8 (32,445 ) (37,941 )

PROVISIONS FOR LIABILITIES (7,500 ) (7,500 )
NET ASSETS 42,222 40,745

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,122 40,645
SHAREHOLDERS' FUNDS 42,222 40,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Prosper Financial Solutions Limited (Registered number: 08168379)

Balance Sheet - continued
31 August 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





G J Stanley - Director


Prosper Financial Solutions Limited (Registered number: 08168379)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Prosper Financial Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Prosper Financial Solutions Limited (Registered number: 08168379)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022 5,000
Charge for year 500
At 31 August 2023 5,500
NET BOOK VALUE
At 31 August 2023 4,500
At 31 August 2022 5,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 20,088
DEPRECIATION
At 1 September 2022 17,330
Charge for year 689
At 31 August 2023 18,019
NET BOOK VALUE
At 31 August 2023 2,069
At 31 August 2022 2,758

Prosper Financial Solutions Limited (Registered number: 08168379)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 64,321 54,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 5,786 2,298
Other creditors 2,500 2,500
13,286 9,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 32,445 37,941

9. RELATED PARTY DISCLOSURES

During the year the company paid commissions to Mr S Fry, a director of the company, totalling £94,758 (2022 : £78,039).

Included in other debtors is a balance of £89,321 (2021 : £54,824) owed by Prosper Holdings (South) Limited, the company's Ultimate Parent Company.