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Company Registration No. 13112073 (England and Wales)
PROSPER REALTY LIMITED Unaudited accounts for the year ended 31 January 2024
PROSPER REALTY LIMITED Unaudited accounts Contents
Page
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PROSPER REALTY LIMITED Company Information for the year ended 31 January 2024
Directors
Himanshu Laxmidas Kataria Zalakben Himanshu Kataria
Company Number
13112073 (England and Wales)
Registered Office
222 KINGSWAY CHEADLE SK8 4PB UNITED KINGDOM
Accountants
Emerald Path Ltd 32 Frances Avenue Gatley Cheadle Cheshire SK8 4BJ
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PROSPER REALTY LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
544,244 
544,244 
Current assets
Cash at bank and in hand
310 
723 
Creditors: amounts falling due within one year
(174,461)
(170,258)
Net current liabilities
(174,151)
(169,535)
Total assets less current liabilities
370,093 
374,709 
Creditors: amounts falling due after more than one year
(380,100)
(380,100)
Net liabilities
(10,007)
(5,391)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(10,027)
(5,411)
Shareholders' funds
(10,007)
(5,391)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Himanshu Laxmidas Kataria Director Company Registration No. 13112073
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PROSPER REALTY LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PROSPER REALTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13112073. The registered office is 222 KINGSWAY, CHEADLE, SK8 4PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PROSPER REALTY LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
544,244 
At 31 January 2024
544,244 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
544,244 
At 31 January 2023
544,244 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,615 
13,615 
Loans from directors
159,046 
155,443 
Accruals
1,800 
1,200 
174,461 
170,258 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
380,100 
380,100 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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