PROSPECT PROPERTIES GROUP LTD

Company Registration Number:
14714987 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 8 March 2023

End date: 31 March 2024

PROSPECT PROPERTIES GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

PROSPECT PROPERTIES GROUP LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activities of the company is the ownership of residential property to let to tenants in the private sector.

Company policy on disabled employees

The company has an equal opportunities policy.



Directors

The director shown below has held office during the whole of the period from
8 March 2023 to 31 March 2024

Farah Morgan


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
10 October 2024

And signed on behalf of the board by:
Name: Farah Morgan
Status: Director

PROSPECT PROPERTIES GROUP LTD

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 196,740
Cost of sales: ( 160,383 )
Gross profit(or loss): 36,357
Administrative expenses: ( 19,752 )
Operating profit(or loss): 16,605
Profit(or loss) before tax: 16,605
Profit(or loss) for the financial year: 16,605

PROSPECT PROPERTIES GROUP LTD

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Fixed assets
Tangible assets: 3 8,100
Total fixed assets: 8,100
Current assets
Debtors: 4 7,369
Cash at bank and in hand: 3,576
Total current assets: 10,945
Net current assets (liabilities): 10,945
Total assets less current liabilities: 19,045
Creditors: amounts falling due after more than one year: 5 ( 9,075 )
Total net assets (liabilities): 9,970
Capital and reserves
Called up share capital: 100
Profit and loss account: 9,870
Total Shareholders' funds: 9,970

The notes form part of these financial statements

PROSPECT PROPERTIES GROUP LTD

Balance sheet statements

For the year ending 31 March 2024 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 10 October 2024
and signed on behalf of the board by:

Name: Farah Morgan
Status: Director

The notes form part of these financial statements

PROSPECT PROPERTIES GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

PROSPECT PROPERTIES GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 0

PROSPECT PROPERTIES GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 7,000 2,000 9,000
Disposals
Revaluations
Transfers
At 31 March 2024 7,000 2,000 9,000
Depreciation
Charge for year 700 200 900
On disposals
Other adjustments
At 31 March 2024 700 200 900
Net book value
At 31 March 2024 6,300 1,800 8,100

PROSPECT PROPERTIES GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

13 months to 31 March 2024
£
Trade debtors 6,500
Other debtors 869
Total 7,369
Debtors due after more than one year: 7,369

Trade Debtors £6,500 Other Debtors £869

PROSPECT PROPERTIES GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

13 months to 31 March 2024
£
Other creditors 9,075
Total 9,075