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REGISTERED NUMBER: 14555885 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PROSPECTOR PRO LIMITED

PROSPECTOR PRO LIMITED (REGISTERED NUMBER: 14555885)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROSPECTOR PRO LIMITED

COMPANY INFORMATION
For The Year Ended 31st December 2024







DIRECTORS: J Paul
A Collison





REGISTERED OFFICE: Boho 5
Bridge Street East
Middlesbrough
TS2 1NY





REGISTERED NUMBER: 14555885 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

PROSPECTOR PRO LIMITED (REGISTERED NUMBER: 14555885)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,633 5,011

CURRENT ASSETS
Debtors 5 5,343 7,108
Cash at bank and in hand 15,238 78,888
20,581 85,996
CREDITORS
Amounts falling due within one year 6 65,075 53,693
NET CURRENT (LIABILITIES)/ASSETS (44,494 ) 32,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,861

)

37,314

CAPITAL AND RESERVES
Called up share capital 7 126 120
Share premium 349,844 264,884
Retained earnings (390,831 ) (227,690 )
SHAREHOLDERS' FUNDS (40,861 ) 37,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 11th February 2025 and were signed on its behalf by:



J Paul - Director


PROSPECTOR PRO LIMITED (REGISTERED NUMBER: 14555885)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

Prospector Pro 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite a net liability position at 31 December 2024. the Directors have reviewed the cash flow forecasts for future periods and are confident the company will be able to meet all of its liabilities when they fall due, for the foreseeable future.

The Directors have therefore continued to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents net invoiced sales of subscriptions and associated services, and excludes value added tax. Turnover is recognised when services have been provided.

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 cost
Computer equipment - 33% on cost

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.

PROSPECTOR PRO LIMITED (REGISTERED NUMBER: 14555885)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 2,188 3,324 5,512
DEPRECIATION
At 1st January 2024 273 228 501
Charge for year 547 831 1,378
At 31st December 2024 820 1,059 1,879
NET BOOK VALUE
At 31st December 2024 1,368 2,265 3,633
At 31st December 2023 1,915 3,096 5,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,250 -
VAT - 7,025
Prepayments 93 83
5,343 7,108

PROSPECTOR PRO LIMITED (REGISTERED NUMBER: 14555885)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,265 1,560
Social security and other taxes (2,616 ) (118 )
VAT 4,789 -
Other creditors 428 1,043
Directors' current accounts 48,583 48,583
Accrued expenses 2,626 2,625
65,075 53,693

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
126,355 Ordinary £0.01 126 120

6,400 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £13.275 per share during the year.

8. OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 31 December 2024 amounted to £16,826 (2023: £28,045).