Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.112023-07-01falseNo description of principal activity14truetruefalse 09119599 2023-07-01 2024-06-30 09119599 2022-07-01 2023-06-30 09119599 2024-06-30 09119599 2023-06-30 09119599 c:Director2 2023-07-01 2024-06-30 09119599 d:FurnitureFittings 2023-07-01 2024-06-30 09119599 d:FurnitureFittings 2024-06-30 09119599 d:FurnitureFittings 2023-06-30 09119599 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09119599 d:ComputerSoftware 2024-06-30 09119599 d:ComputerSoftware 2023-06-30 09119599 d:CurrentFinancialInstruments 2024-06-30 09119599 d:CurrentFinancialInstruments 2023-06-30 09119599 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09119599 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09119599 d:ShareCapital 2024-06-30 09119599 d:ShareCapital 2023-06-30 09119599 d:RetainedEarningsAccumulatedLosses 2024-06-30 09119599 d:RetainedEarningsAccumulatedLosses 2023-06-30 09119599 c:FRS102 2023-07-01 2024-06-30 09119599 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09119599 c:FullAccounts 2023-07-01 2024-06-30 09119599 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09119599 d:ComputerSoftware d:OwnedIntangibleAssets 2023-07-01 2024-06-30 09119599 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09119599









PROSTOPARON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PROSTOPARON LIMITED
REGISTERED NUMBER: 09119599

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,966
6,883

Tangible assets
 5 
38,706
62,117

  
40,672
69,000

Current assets
  

Stocks
  
4,306
6,000

Debtors: amounts falling due within one year
 6 
50,827
48,113

Cash at bank and in hand
  
13,148
30,997

  
68,281
85,110

Creditors: amounts falling due within one year
 7 
(1,458,207)
(1,377,208)

Net current liabilities
  
 
 
(1,389,926)
 
 
(1,292,098)

Total assets less current liabilities
  
(1,349,254)
(1,223,098)

  

Net liabilities
  
(1,349,254)
(1,223,098)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(1,349,454)
(1,223,298)

  
(1,349,254)
(1,223,098)


Page 1

 
PROSTOPARON LIMITED
REGISTERED NUMBER: 09119599
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 March 2025.




A Thrasyvoulou
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

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

1.


General information

Prostoparon Limited (formerly Experience Raw Limited) is a private company limited by shares and registered in England & Wales. The address of its registered office is 25 London Street, Paddington, London W2 1HH and the principal place of business is 17 Jubilee Street, Brighton BN1 1GE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company incurred a deficit in the year and as at the balance sheet date was showing net liabilities of £1,349,254 (2023: £1,223,098), largely comprised of loans from companies under the common control of the director.
The director has confirmed this support will be ongoing and will not be seeking repayment of the loans until surplus funds generated from operations are available for repayment. Accordingly, the director considers that the company has adequate funds available to meet its other liabilities as they fall due.
In assessing the appropriateness of the going concern basis, the director has taken into account all relevant information covering a period of at least twelve months from the date of the approval of the statutory financial statements

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Revenue comprises restaurant takings in respect of the financial year.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

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

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. 
Brand costs have been amortised over three years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows..

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for slow-moving items. Cost is calculated on an individual item basis.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

Creditors

Short term creditors are measured at the transaction price. 

Page 4

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

3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 14).


4.


Intangible assets




Brand costs

£



Cost


At 1 July 2023
14,750



At 30 June 2024

14,750



Amortisation


At 1 July 2023
7,867


Charge for the year on owned assets
4,917



At 30 June 2024

12,784



Net book value



At 30 June 2024
1,966



At 30 June 2023
6,883



Page 5

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

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
98,218



At 30 June 2024

98,218



Depreciation


At 1 July 2023
36,101


Charge for the year on owned assets
23,411



At 30 June 2024

59,512



Net book value



At 30 June 2024
38,706



At 30 June 2023
62,117

Page 6

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

6.


Debtors

2024
2023
£
£


Other debtors
50,827
48,066

Prepayments
-
47

50,827
48,113



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,490
5,040

Other taxation and social security
14,222
23,242

Other creditors
1,435,495
1,334,386

Accruals
4,000
14,540

1,458,207
1,377,208



8.


Related party transactions

During the year, the company paid concession fees of £104,500 (2023: £114,000) to My Bright Limited,  a company with common control.
At the balance sheet date the company owed £1,369,020 (2023: £1,274,743) to various companies owned and controlled by A Thrasyvoulou.
All loans are interest free, unsecured and repayable on demand.

 
Page 7