IRIS Accounts Production v24.3.2.46 OC432320 designated member 1.7.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4323202023-06-30OC4323202024-03-31OC4323202023-07-012024-03-31OC4323202022-06-30OC4323202022-07-012023-06-30OC4323202023-06-30OC432320ns15:EnglandWales2023-07-012024-03-31OC432320ns14:PoundSterling2023-07-012024-03-31OC432320ns10:PartnerLLP12023-07-012024-03-31OC432320ns10:LimitedLiabilityPartnershipLLP2023-07-012024-03-31OC432320ns10:SmallEntities2023-07-012024-03-31OC432320ns10:AuditExempt-NoAccountantsReport2023-07-012024-03-31OC432320ns10:SmallCompaniesRegimeForAccounts2023-07-012024-03-31OC432320ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-03-31OC432320ns10:FullAccounts2023-07-012024-03-31OC432320ns10:PartnerLLP22023-07-012024-03-31OC432320ns10:RegisteredOffice2023-07-012024-03-31OC432320ns5:CurrentFinancialInstruments2024-03-31OC432320ns5:CurrentFinancialInstruments2023-06-30OC432320ns5:Non-currentFinancialInstruments2024-03-31OC432320ns5:Non-currentFinancialInstruments2023-06-30OC432320ns5:MotorVehicles2023-07-012024-03-31OC432320ns5:MotorVehicles2024-03-31OC432320ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC432320ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: OC432320 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Prosperant LLP

Prosperant LLP (Registered number: OC432320)

Contents of the Financial Statements
for the period 1 July 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Prosperant LLP

General Information
for the period 1 July 2023 to 31 March 2024







Designated members: P Martenstyn
J P White





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: OC432320 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Prosperant LLP (Registered number: OC432320)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 74,066 -

Current assets
Debtors 5 150,340 65,280
Prepayments and accrued income 125,733 71,582
Cash at bank 20,006 96,557
296,079 233,419
Creditors
Amounts falling due within one year 6 137,990 30,851
Net current assets 158,089 202,568
Total assets less current liabilities 232,155 202,568

Creditors
Amounts falling due after more than one
year

7

67,479

-
Net assets attributable to members 164,676 202,568

Loans and other debts due to members 8 164,676 202,568

Total members' interests
Loans and other debts due to members 8 164,676 202,568

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 March 2025 and were signed by:




J P White - Designated member

Prosperant LLP (Registered number: OC432320)

Notes to the Financial Statements
for the period 1 July 2023 to 31 March 2024


1. Statutory information

Prosperant LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The members have reviewed and considered relevant information in making their assessment

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.
Motor vehicles - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the partnership becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the will partnership not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the partnership's cash management.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Prosperant LLP (Registered number: OC432320)

Notes to the Financial Statements - continued
for the period 1 July 2023 to 31 March 2024


2. Accounting policies - continued

Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

3. Employee information

The average number of employees during the period was 4 (2023 - 2 ) .

4. Tangible fixed assets
Motor
vehicles
£
Cost
Additions 82,678
At 31 March 2024 82,678
Depreciation
Charge for period 8,612
At 31 March 2024 8,612
Net book value
At 31 March 2024 74,066

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 134,032 63,660
Other debtors 16,308 1,620
150,340 65,280

6. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts 10,796 -
Trade creditors 1,140 2,710
Taxation and social security 26,372 22,720
Other creditors 99,682 5,421
137,990 30,851

Prosperant LLP (Registered number: OC432320)

Notes to the Financial Statements - continued
for the period 1 July 2023 to 31 March 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts 67,479 -

8. Loans and other debts due to members

Loans and other debts due to member's would rank in line with unsecured creditors.