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Company Registration No. 13793560 (England and Wales)
Prosperity Lettings Ltd Unaudited accounts for the year ended 31 December 2023
Prosperity Lettings Ltd Unaudited accounts Contents
Page
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Prosperity Lettings Ltd Company Information for the year ended 31 December 2023
Director
BLAGOVEST EMILOV LALOV
Company Number
13793560 (England and Wales)
Registered Office
41 Crescent Road Erith Kent DA8 2AU England
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Prosperity Lettings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
370,099 
181,099 
Current assets
Debtors
25,654 
- 
Cash at bank and in hand
200 
1,152 
25,854 
1,152 
Creditors: amounts falling due within one year
(242,680)
(7,080)
Net current liabilities
(216,826)
(5,928)
Total assets less current liabilities
153,273 
175,171 
Creditors: amounts falling due after more than one year
(192,546)
(192,546)
Net liabilities
(39,273)
(17,375)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(39,373)
(17,475)
Shareholders' funds
(39,273)
(17,375)
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 7 November 2024 and were signed on its behalf by
BLAGOVEST EMILOV LALOV Director Company Registration No. 13793560
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Prosperity Lettings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Prosperity Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13793560. The registered office is 41 Crescent Road, Erith, Kent, DA8 2AU, England.
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.
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.
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:
Land & buildings
2% Straight Lane
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
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Prosperity Lettings Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
181,099 
Additions
189,000 
At 31 December 2023
370,099 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
370,099 
At 31 December 2022
181,099 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
25,654 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
220,300 
- 
Trade creditors
- 
7,080 
Loans from directors
21,617 
- 
Accruals
550 
- 
Deferred income
213 
- 
242,680 
7,080 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
192,546 
192,546 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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