| Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Prosper Capital LLP |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 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 |
| Other debtors |
| 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 |
| Accruals and deferred income |
| Accrued expenses |
| 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. |
| for and on behalf of |