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REGISTERED NUMBER: 10601477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROSPERITECH LIMITED

PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROSPERITECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr L Fourie





REGISTERED OFFICE: 14 Kensington Church Street
London
W8 4EP





REGISTERED NUMBER: 10601477 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,748 -
Investment property 5 1,130,853 1,130,853
1,133,601 1,130,853

CURRENT ASSETS
Cash at bank 69,053 184,253

CREDITORS
Amounts falling due within one year 6 240,808 373,538
NET CURRENT LIABILITIES (171,755 ) (189,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 961,846 941,568

CREDITORS
Amounts falling due after more than one year 7 869,777 869,776
NET ASSETS 92,069 71,792

CAPITAL AND RESERVES
Called up share capital 8 250 250
Retained earnings 9 91,819 71,542
SHAREHOLDERS' FUNDS 92,069 71,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)

BALANCE SHEET - continued
30 JUNE 2024


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 director and authorised for issue on 17 March 2025 and were signed by:





Mr L Fourie - Director


PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Prosperitech 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.

Office equipment - 33.33% on SLM

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 3,518
At 30 June 2024 3,518
DEPRECIATION
Charge for year 770
At 30 June 2024 770
NET BOOK VALUE
At 30 June 2024 2,748

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,130,853
NET BOOK VALUE
At 30 June 2024 1,130,853
At 30 June 2023 1,130,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Corporation tax 4,112 17,690
Other creditors 39,900 80,900
Director's current account 194,948 274,948
Accrued expenses 1,848 -
240,808 373,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 869,777 869,776

PROSPERITECH LIMITED (REGISTERED NUMBER: 10601477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
25,000 Ordinary shares 1p 250 250

9. RESERVES
Retained
earnings
£   

At 1 July 2023 71,542
Profit for the year 20,277
At 30 June 2024 91,819

10. RELATED PARTY DISCLOSURES

At the end of the year the company owed the director £194,948 (2023 - £274,948) and a shareholder £39,900 (2023 - £80,900).

The controlling party is the company director by virtue of his shareholding.