Registration number:
Prosper 2020 Limited
Unaudited Financial Statements
for the
Year Ended 31 December 2023
Prosper 2020 Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Prosper 2020 Limited
Company Information
Directors |
Mr P F Davis Mr. P J Davis Mr R B C Davis Mrs S J Teague |
Registered office |
|
Bankers |
|
Accountants |
|
Prosper 2020 Limited
(Registration number: 13068608)
Balance Sheet
as at 31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Investment property |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Prosper 2020 Limited
(Registration number: 13068608)
Balance Sheet
as at 31 December 2023
Approved and authorised by the
.........................................
Mr R B C Davis
Director
Prosper 2020 Limited
Notes to the Financial Statements
for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presnted in pounds staerling, which is the functional currency of the company, and rounded to the nearest £1.
Revenue recognition
Land fees are calculated on a monthly basis, and revenue is recognised in accordance with the fees due in the accounting period.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Prosper 2020 Limited
Notes to the Financial Statements
for the Year Ended 31 December 2023
Trade debtors
Trade debtors consist of land fees calculated to the end of the end of the accounting period but not yet received by the company.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
|
At 1 January |
|
There has been no valuation of investment property by an independent valuer.
Debtors |
2023 |
2022 |
|
Trade debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|