Prorsus Limited 07081864 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Property development Digita Accounts Production Advanced 6.30.9574.0 true 07081864 2022-12-01 2023-11-30 07081864 2023-11-30 07081864 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07081864 bus:Micro-entities 2022-12-01 2023-11-30 07081864 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07081864 bus:FullAccounts 2022-12-01 2023-11-30 07081864 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07081864 bus:RegisteredOffice 2022-12-01 2023-11-30 07081864 bus:Director1 2022-12-01 2023-11-30 07081864 bus:Director2 2022-12-01 2023-11-30 07081864 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07081864 countries:EnglandWales 2022-12-01 2023-11-30 07081864 2021-12-01 2022-11-30 07081864 2022-11-30 07081864 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 07081864

Prorsus Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Prorsus Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

Prorsus Limited

Company Information

Directors

A K Horner

C P Horner

Registered office

Manor Farm House
South Stoke
Bath
BA2 7DP

 

Prorsus Limited

(Registration number: 07081864)
Balance Sheet as at 30 November 2023

2023
£

2022
£

Fixed assets

3,917,748

2,849,501

Current assets

2,529,534

3,342,556

Prepayments and accrued income

42,154

800

Creditors: Amounts falling due within one year

(14,937)

(3,537)

Net current assets

2,556,751

3,339,819

Total assets less current liabilities

6,474,499

6,189,320

Accruals and deferred income

(13,009)

(7,331)

 

6,461,490

6,181,989

Capital and reserves

6,461,490

6,181,989

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Farm House
South Stoke
Bath
BA2 7DP

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2022 - £1,850,000). At 30 November 2022, the company had entered into an option to purchase additional land. In return for the grant of the option, the seller had a put option to require the company to purchase the land. The option was exercised in June 2023.

 

Prorsus Limited

(Registration number: 07081864)
Balance Sheet as at 30 November 2023 (continued)

4

Fixed assets

Included within fixed assets, is an amount due from the company's associate of £Nil (2022 - £725,000). This debt is in the form of secured, interest free loan notes issued by the associate, which are fully redeemable in cash in more than one year from the balance sheet date.

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

A K Horner
Director