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Financial Statements

for the Year Ended 31 March 2025

for

Prosper Capital LLP

Prosper Capital LLP (Registered number: OC318663)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Prosper Capital LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: P Thompson
A H Thompson





REGISTERED OFFICE: 5 The Bothy
Albury Park
Albury
Surrey
GU5 9BH





REGISTERED NUMBER: OC318663 (England and Wales)





AUDITORS: Williams & Co Epsom LLP
Statutory Auditors
8-10 South Street
Epsom
Surrey
KT18 7PF

Prosper Capital LLP (Registered number: OC318663)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 14,970 15,900
Investments 6 - 72,606
Cash at bank 126,864 41,160
141,834 129,666
CREDITORS
Amounts falling due within one year 7 63,892 38,479
NET CURRENT ASSETS 77,942 91,187
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

77,944

91,189

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,944

16,189

MEMBERS' OTHER INTERESTS
Capital accounts 75,000 75,000
77,944 91,189

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,944 16,189
Members' other interests 75,000 75,000
77,944 91,189

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 12 May 2025 and were signed by:





P Thompson - Designated member

Prosper Capital LLP (Registered number: OC318663)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Prosper Capital 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

Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the m embers'
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.

Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended
Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the
requirements of the Companies Act 2006 as applicable to companies subject to the small companies
regime. 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 financial statements are prepared in sterling , which is the functional currency of the limited liability
partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.

Going concern
At the time of approving the financial statements , the members have a reasonable expectation that the
limited liability partnership has adequate resources to continue in operational existence for the foreseeable
future. Thus the members continue to adopt the going concern basis of accounting in preparing the
financial statement

In the application of the limited liability partnership’s accounting policies, the members are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not
readily apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

Turnover
Turnover represents amounts invoiced during the year net of VAT.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and
thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the
event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in
progress.

Prosper Capital LLP (Registered number: OC318663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial
Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial
instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position
when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or
joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are
subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that
investments in equity instruments that are not publicly traded and whose fair values cannot be measured
reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss , are assessed for indicators of
impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been
affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted at the asset’s original effective interest rate. The
impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised.
The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire
or are settled, or when the limited liability partnership transfers the financial asset and substantially all the
risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are
retained but control of the asset has transferred to another party that is able to sell the asset in its entirety
to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.

Prosper Capital LLP (Registered number: OC318663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

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.

Judgements and key sources of estimation uncertainty
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 April 2024
and 31 March 2025 2
NET BOOK VALUE
At 31 March 2025 2
At 31 March 2024 2

The Investment relates to all of the shares in Prosper Nominees Ltd who has not traded in its own right and
thus the shares are valued at their nominal value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 13,470 14,400
Other debtors 1,500 1,500
14,970 15,900

6. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Listed investments - 72,606

The other investments consists of a portfolio of quoted investments that have been included at market
value at the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
VAT 13,907 16,542
Other creditors 1,310 537
Accruals and deferred income 16,000 4,000
Accrued expenses 32,675 17,400
63,892 38,479

Prosper Capital LLP (Registered number: OC318663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' participation rights are the rights of a member against the LLP that arise under the m embers'
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.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Henry Williams (Senior Statutory Auditor)
for and on behalf of Williams & Co Epsom LLP