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REGISTERED NUMBER: 07441069 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Prospect Tree Health Care (Midlands)
Limited

Prospect Tree Health Care (Midlands)
Limited (Registered number: 07441069)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Prospect Tree Health Care (Midlands)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A I Ige
Mrs T D Dawudu
Mrs Y A Akinjaiyeju
Mrs B O Garry





REGISTERED OFFICE: The Curve 1st Floor
83A Tempest Street
Wolverhampton
West Midlands
WV2 1AA





REGISTERED NUMBER: 07441069 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Prospect Tree Health Care (Midlands)
Limited (Registered number: 07441069)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,894 13,192

CURRENT ASSETS
Debtors 5 20,405 51,087
Cash at bank and in hand 1,558 420
21,963 51,507
CREDITORS
Amounts falling due within one year 6 25,085 54,248
NET CURRENT LIABILITIES (3,122 ) (2,741 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,772

10,451

CAPITAL AND RESERVES
Called up share capital 7 33,000 33,000
Retained earnings 8 (26,228 ) (22,549 )
SHAREHOLDERS' FUNDS 6,772 10,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mrs T D Dawudu - Director


Prospect Tree Health Care (Midlands)
Limited (Registered number: 07441069)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Prospect Tree Health Care (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

Prospect Tree Health Care (Midlands)
Limited (Registered number: 07441069)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 38,175
DEPRECIATION
At 1 April 2023 24,983
Charge for year 3,298
At 31 March 2024 28,281
NET BOOK VALUE
At 31 March 2024 9,894
At 31 March 2023 13,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,405 51,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,000 23,962
Social security and other taxes 14,008 21,188
Directors' current accounts 308 4,808
Accruals and deferred income 1,769 4,290
25,085 54,248

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
33,000 Ordinary £1 33,000 33,000

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (22,549 )
Deficit for the year (3,679 )
At 31 March 2024 (26,228 )

Prospect Tree Health Care (Midlands)
Limited (Registered number: 07441069)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who together hold 100% of the company's issued share capital.