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REGISTERED NUMBER: 11419641 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PROSPERITY WEALTH HOLDINGS LIMITED

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROSPERITY WEALTH HOLDINGS LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J E Billingham
Mrs E L Billingham





REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF





REGISTERED NUMBER: 11419641 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 4,979,858 4,929,769
Cash in hand - 1
4,979,858 4,929,770
CREDITORS
Amounts falling due within one year 6 1,035,176 1,123,353
NET CURRENT ASSETS 3,944,682 3,806,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,944,782

3,806,517

CAPITAL AND RESERVES
Called up share capital 7 1,315 1,000
Share premium 739 739
Retained earnings 3,942,728 3,804,778
SHAREHOLDERS' FUNDS 3,944,782 3,806,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





J E Billingham - Director


PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Prosperity Wealth Holdings 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 100
NET BOOK VALUE
At 30 November 2023 100
At 30 November 2022 100

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 477,437
Amounts owed by group undertakings 2,055,086 2,870,661
Amounts owed by related party companies 644,746 1,562,109
Other debtors 2,280,026 19,562
4,979,858 4,929,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,654 9,447
Amounts owed to related party companies 188,783 188,783
Taxation and social security 811,819 859,200
Other creditors 32,920 65,923
1,035,176 1,123,353

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000
315 Ordinary B £1 315 -
1,315 1,000

315 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.

The ordinary shares of £1 each are voting shares and are entitled to receive dividends. With regard to the return of capital on winding up or exit, they shall be entitled to the first £3,590,000,000, thereafter any return shall be divided pari passu with the Ordinary B shares.

The Ordinary B shares of £1 each are voting shares and are entitled to receive dividends. They shall not be entitled to the first £3,590,000,000 on a return of capital or exit, thereafter any return shall be divided pari passu with the ordinary shares.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts were due from the directors of the company in the sum of £2,265,463 (2022 - amount owed to the directors £1,003). Interest has been charged on the outstanding amount at the official rate of interest. The balance was repaid after the balance sheet date.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Billingham.