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REGISTERED NUMBER: 10501270 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED

PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10501270)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J E Billingham





REGISTERED OFFICE: 32 George Street
Birmingham,
B3 1QG





REGISTERED NUMBER: 10501270 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10501270)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,747,320 5,747,318

CURRENT ASSETS
Stocks 95,650 215,650
Debtors 5 29,244,652 22,093,013
Cash at bank and in hand 508,098 1,925,687
29,848,400 24,234,350
CREDITORS
Amounts falling due within one year 6 35,522,607 29,441,427
NET CURRENT LIABILITIES (5,674,207 ) (5,207,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,113

540,241

CREDITORS
Amounts falling due after more than one
year

7

7,554

15,794
NET ASSETS 65,559 524,447

CAPITAL AND RESERVES
Called up share capital 9 2 1
Retained earnings 65,557 524,446
SHAREHOLDERS' FUNDS 65,559 524,447

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:




J E Billingham - Director


PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10501270)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Prosperity Investments & Developments 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10501270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 5,747,318
Additions 2
At 30 June 2024 5,747,320
NET BOOK VALUE
At 30 June 2024 5,747,320
At 30 June 2023 5,747,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 26,183,558 19,856,623
Amounts owed by associates 2,445,637 1,781,918
Other debtors 615,457 454,472
29,244,652 22,093,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 8,240 8,240
Trade creditors 66,268 179,964
Amounts owed to group undertakings 16,340,688 17,263,647
Amounts owed to associates 2,152,563 2,018,062
Other creditors 16,954,848 9,971,514
35,522,607 29,441,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,554 15,794

8. SECURED DEBTS

There is a fixed charge over the company's shares held in Prosperity Moseley Street Limited.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 1

1 ordinary share of £1 was issued on 1 July 2023, in exchange for the transfer of 1 ordinary share in Prosperity Wealth & Developments Limited. Prosperity Wealth & Developments Limited is a wholly owned subsidiary company of the Prosperity Investments & Developments Limited group.

PROSPERITY INVESTMENTS & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10501270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Billingham.