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PROSPECT COMPANIES LIMITED

Registered Number
15085058
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

PROSPECT COMPANIES LIMITED
Company Information
for the period from 21 August 2023 to 31 December 2024

Directors

PETERS, Benjamin
PETERS, Caroline
PETERS, Samuel William Harry
PETERS, Victoria

Registered Address

2 The Barnes
Graystone Plains Lane, Hampsthwaite
Harrogate
HG3 2HT

Registered Number

15085058 (England and Wales)
PROSPECT COMPANIES LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

£

£

Fixed assets
Investments3153
153
Current assets
Debtors48,000
8,000
Creditors amounts falling due within one year5(8,151)
Net current assets (liabilities)(151)
Total assets less current liabilities2
Net assets2
Capital and reserves
Called up share capital2
Shareholders' funds2
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by:
PETERS, Benjamin
Director
Registered Company No. 15085058
PROSPECT COMPANIES LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

2024
Average number of employees during the year4
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions153153
At 31 December 24153153
Net book value
At 31 December 24153153

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

£
Amounts owed by group undertakings8,000
Total8,000
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

£
Amounts owed to related parties8,151
Total8,151
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.
6.Parent-subsidiary relationships
The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts.