PROSPERITY SCOTLAND LIMITED

Company Registration Number:
SC774281 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 30 June 2023

End date: 31 December 2023

PROSPERITY SCOTLAND LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PROSPERITY SCOTLAND LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Business & IT Consultancy



Directors

The directors shown below have held office during the whole of the period from
30 June 2023 to 31 December 2023

Chris Clark
Paul Marshall


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 September 2024

And signed on behalf of the board by:
Name: Chris Clark
Status: Director

PROSPERITY SCOTLAND LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

6 months to 31 December 2023


£
Turnover: 19,028
Cost of sales: 0
Gross profit(or loss): 19,028
Distribution costs: 0
Administrative expenses: ( 54,007 )
Other operating income: 0
Operating profit(or loss): (34,979)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (34,979)
Tax: 0
Profit(or loss) for the financial year: (34,979)

PROSPERITY SCOTLAND LIMITED

Balance sheet

As at 31 December 2023

Notes 6 months to 31 December 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,279
Investments:   0
Total fixed assets: 1,279
Current assets
Stocks:   0
Debtors: 4 461
Cash at bank and in hand: 97,095
Investments:   0
Total current assets: 97,556
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 133,714 )
Net current assets (liabilities): (36,158)
Total assets less current liabilities: (34,879)
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (34,879)
Capital and reserves
Called up share capital: 100
Share premium account: 0
Other reserves: 0
Profit and loss account: (34,979 )
Total Shareholders' funds: ( 34,879 )

The notes form part of these financial statements

PROSPERITY SCOTLAND LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Chris Clark
Status: Director

The notes form part of these financial statements

PROSPERITY SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Measured as the fair value of the consideration received or receivable for services net of goods and services tax Turnover from rendering services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the amount of revenue can be measured reliably and it is probable that the company will receive the consideration due under the contract

    Tangible fixed assets depreciation policy

    write off cost less residual value of each asset over its useful life Computer equipment - 50% on cost

    Other accounting policies

    Taxation 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 Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate Cash and cash equivalents Represent those balances held within the company's bank accounts and in term deposits of three months or less Debtors Short term debtors are measured at transaction price. Loans receivable are measured at transaction price Creditors Short term creditors are measured at transaction price

PROSPERITY SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    6 months to 31 December 2023
    Average number of employees during the period 1

PROSPERITY SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,485 1,485
Disposals
Revaluations
Transfers
At 31 December 2023 1,485 1,485
Depreciation
Charge for year 206 206
On disposals
Other adjustments
At 31 December 2023 206 206
Net book value
At 31 December 2023 1,279 1,279

PROSPERITY SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

6 months to 31 December 2023
£
Prepayments and accrued income 112
Other debtors 349
Total 461

PROSPERITY SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

6 months to 31 December 2023
£
Trade creditors 48
Accruals and deferred income 1,750
Other creditors 131,916
Total 133,714

Shareholders loans The loan of £121,916 was from Prosperity Group Limited, a company under common control. This bears interest of 5.25% and has no set date for repayment. The loan of £10,000 was from Mr Paul Marshall, a shareholder. This bears interest of 5.25% and has no set date for repayment