Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true6trueNo description of principal activity2023-04-01false6false 08039057 2023-04-01 2024-03-31 08039057 2022-04-01 2023-03-31 08039057 2024-03-31 08039057 2023-03-31 08039057 c:Director4 2023-04-01 2024-03-31 08039057 d:CurrentFinancialInstruments 2024-03-31 08039057 d:CurrentFinancialInstruments 2023-03-31 08039057 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08039057 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08039057 d:ShareCapital 2024-03-31 08039057 d:ShareCapital 2023-03-31 08039057 c:FRS102 2023-04-01 2024-03-31 08039057 c:Audited 2023-04-01 2024-03-31 08039057 c:FullAccounts 2023-04-01 2024-03-31 08039057 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08039057 d:Subsidiary1 2023-04-01 2024-03-31 08039057 d:Subsidiary1 1 2023-04-01 2024-03-31 08039057 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08039057 6 2023-04-01 2024-03-31 08039057 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08039057









PROSPECTUS MANAGEMENT LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PROSPECTUS MANAGEMENT LIMITED
REGISTERED NUMBER: 08039057

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,141,375
1,141,375

  
1,141,375
1,141,375

  

Creditors: amounts falling due within one year
 5 
(1,140,375)
(1,140,375)

Net current liabilities
  
 
 
(1,140,375)
 
 
(1,140,375)

Total assets less current liabilities
  
1,000
1,000

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

  
1,000
1,000


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D J Gold
Director

Date: 25 October 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PROSPECTUS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Prospectus Management Limited is a private company limited by shares, incorporated in England & Wales (registered number: 08039057). The registered office address is 20 -22 Stukeley Street, London, WC2B 5LR. 
The principal activity of the company is that of a Holding company. 
The accounts have been prepared in GBP Sterling which is the functional currency of the company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

  
2.3

Business Combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or asumed, and equity instruments issues by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
PROSPECTUS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,141,375



At 31 March 2024
1,141,375





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Prospectus Limited
20-22 Stukeley Street, London, WC2B 5LR
Ordinary
100%

Page 3

 
PROSPECTUS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,140,375
1,140,375

1,140,375
1,140,375


There is a cross-guarantee in place between Prospectus Management Limited, its subsidiary company, Prosepctus Limited and its parent company Prospectus 3.0 Limited on all borrowings outstanding within the group at the Balance Sheet date.


6.


Controlling party

The company is directly controlled by Prospectus 3.0 Limited, which is the ultimate parent company. It's registered office and principle place of business is 20-22 Stukeley Street, London, WC2B 5LR.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 25 October 2024 by Adam Hubbard BA (Hons) FCA (Senior Statutory Auditor) on behalf of Azets Audit Services.

 
Page 4