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REGISTERED NUMBER: 11579883 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROSPERUS GROUP LIMITED

PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROSPERUS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W Driss
Ms N Benzina
M T Gayes
J J Hu





REGISTERED OFFICE: 4th Floor
100 Cannon Street
London
EC4N 6EU





REGISTERED NUMBER: 11579883 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 4 377,086 347,045
Investments 5 23,200 23,200
400,286 370,245

CURRENT ASSETS
Debtors 6 141,734 174,819
Cash at bank 350,795 74,473
492,529 249,292
CREDITORS
Amounts falling due within one year 7 70,452 77,392
NET CURRENT ASSETS 422,077 171,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

822,363

542,145

CREDITORS
Amounts falling due after more than one
year

8

210,527

258,196
NET ASSETS 611,836 283,949

CAPITAL AND RESERVES
Called up share capital 21,467 11,505
Share premium 1,646,790 1,050,616
Retained earnings (1,056,421 ) (778,172 )
611,836 283,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)

BALANCE SHEET - continued
31 DECEMBER 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 16 September 2024 and were signed on its behalf by:





W Driss - Director


PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Prosperus Group 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.

The presentation currency of the financial statements is the Euro (€).


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.

Preparation of consolidated financial statements
The financial statements contain information about Prosperus Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Computer Software is depreciated over is estimated useful life of 10 years commencing in the year in which the software is complete & generating revenue

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 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.

PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Research and development
Research costs are written off in the period in which they are incurred. Platform development expenditure is capitalised once technical feasibility has been demonstrated.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
€    €    €   
COST
At 1 January 2023 1,000 425,327 426,327
Additions - 80,860 80,860
At 31 December 2023 1,000 506,187 507,187
AMORTISATION
At 1 January 2023 800 78,482 79,282
Charge for year 200 50,619 50,819
At 31 December 2023 1,000 129,101 130,101
NET BOOK VALUE
At 31 December 2023 - 377,086 377,086
At 31 December 2022 200 346,845 347,045

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2023
and 31 December 2023 23,200
NET BOOK VALUE
At 31 December 2023 23,200
At 31 December 2022 23,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade debtors 115,973 171,092
Other debtors 25,761 3,727
141,734 174,819

PROSPERUS GROUP LIMITED (REGISTERED NUMBER: 11579883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Bank loans and overdrafts 6,408 5,848
Trade creditors 59,830 67,121
Other creditors 4,214 4,423
70,452 77,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
€    €   
Bank loans 37,379 43,212
Other creditors 173,148 214,984
210,527 258,196

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,748 18,254

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year is a balance of €173,148 (2021 €214,984) due to a company under the control of a director. During the period under review, the company paid €96,500 (2022 - €54,000) to the said company for services provided outside the UK.


During the period under review the company paid €242,580 (2022 €263,246) to a subsidiary for research and platform development services.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Driss.