Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 18 July 2024 1 April 2023 31 March 2024 31 March 2024 13533422 Mr Mantena Ashwin Raju Mr Amit Jain Mrs Sarada B Mantena true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13533422 2023-03-31 13533422 2024-03-31 13533422 2023-04-01 2024-03-31 13533422 frs-core:CurrentFinancialInstruments 2024-03-31 13533422 frs-core:Non-currentFinancialInstruments 2024-03-31 13533422 frs-core:ShareCapital 2024-03-31 13533422 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13533422 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13533422 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13533422 frs-bus:SmallEntities 2023-04-01 2024-03-31 13533422 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13533422 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13533422 1 2023-04-01 2024-03-31 13533422 frs-bus:Director1 2023-04-01 2024-03-31 13533422 frs-bus:Director2 2023-04-01 2024-03-31 13533422 frs-countries:EnglandWales 2023-04-01 2024-03-31 13533422 2022-03-31 13533422 2023-03-31 13533422 2022-04-01 2023-03-31 13533422 frs-core:CurrentFinancialInstruments 2023-03-31 13533422 frs-core:Non-currentFinancialInstruments 2023-03-31 13533422 frs-core:ShareCapital 2023-03-31 13533422 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13533422
Prospero International Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hallys & Co
Chartered Accountants
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13533422
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 132,929 -
Debtors 5 133,363 239,892
Cash at bank and in hand 612,880 4,491
879,172 244,383
Creditors: Amounts Falling Due Within One Year 6 (2,625 ) (2,375 )
NET CURRENT ASSETS (LIABILITIES) 876,547 242,008
TOTAL ASSETS LESS CURRENT LIABILITIES 876,547 242,008
Creditors: Amounts Falling Due After More Than One Year 7 - (40,000 )
NET ASSETS 876,547 202,008
CAPITAL AND RESERVES
Called up share capital 8 1,050,000 260,000
Profit and Loss Account (173,453 ) (57,992 )
SHAREHOLDERS' FUNDS 876,547 202,008
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Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amit Jain
Director
18/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prospero International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13533422 . The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock 132,929 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 146,258
Other debtors 132,330 93,634
VAT 1,033 -
133,363 239,892
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,625 2,375
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 40,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,050,000 260,000
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Aviaman Aerotek LLP that owns 100% of it's shares, and it's ultimate parent undertaking is MSF Consulting Private Limited . MSF Consulting Private Limited was incorporated in India. The ultimate controlling party is Mrs Sarada B Mantena who controls 90% of the shares of MSF Consulting Private Limited.
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