PROSPECTZ (UK) LTD
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Company registration number 07902831
Date
Approval date of the accounts by the board 11/03/2025
Date
Date of signing on the audit/accountants report 11/03/2025
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Muhammad Naveed ul Haq
Or, name of secretary
Name of director signing balance sheet Muhammad Naveed ul Haq
Address of registered office:
Address line 1 81 Gleneagles Road
Address line 2 Heald Green
City or town Cheadle
County or region Cheshire
Postcode SK8 3EN
Name of senior statutory auditor
Name of auditors/accountants ClearCut Accounting Limited
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Suite 2, Parkway 5,
Address line 2 Parkway Business Centre
City or town 300 Princess Road
County or region Manchester
Postcode M14 7HR
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
07902831
PROSPECTZ (UK) LTD
Filleted Accounts
31 December 2023
PROSPECTZ (UK) LTD
Registered number: 07902831
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 412,236 275,904
Current assets
Debtors 4 - 28,772
Cash at bank and in hand 17,046 92,338
17,046 121,110
Creditors: amounts falling due within one year 5 (40,081) (47)
Net current (liabilities)/assets (23,035) 121,063
Total assets less current liabilities 389,201 396,967
Creditors: amounts falling due after more than one year 6 (181,535) (194,576)
Net assets 207,666 202,391
Capital and reserves
Called up share capital 100 100
Profit and loss account 207,566 202,291
Shareholder's funds 207,666 202,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muhammad Naveed ul Haq
Director
Approved by the board on 11 March 2025
PROSPECTZ (UK) LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Lands and Building Over 50 Years
Plant and machinery 5 Years
Equipment, Fixtures & Fitting 5 Years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Equipment, Fixtures & Fitting Total
£ £ £ £
Cost
At 1 January 2023 275,904 4,863 - 280,767
Additions 135,098 - 1,293 136,391
At 31 December 2023 411,002 4,863 1,293 417,158
Depreciation
At 1 January 2023 - 4,863 - 4,863
Charge for the year - - 59 59
At 31 December 2023 - 4,863 59 4,922
Net book value
At 31 December 2023 411,002 - 1,234 412,236
At 31 December 2022 275,904 - - 275,904
4 Debtors 2023 2022
£ £
Other debtors - 28,772
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 75 17
Other creditors 40,006 30
40,081 47
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 181,535 194,576
7 Other information
PROSPECTZ (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
81 Gleneagles Road
Heald Green
Cheadle
Cheshire
SK8 3EN
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