2024-06-01 2025-05-31 2025-05-31 false 07631822 PROSPERITY PROPERTIES LIMITED 2025-06-10 false iso4217:GBP xbrli:pure 07631822 2024-06-01 07631822 2025-05-31 07631822 2024-06-01 2025-05-31 07631822 2023-06-01 07631822 2024-05-31 07631822 2023-06-01 2024-05-31 07631822 bus:SmallEntities 2024-06-01 2025-05-31 07631822 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07631822 bus:FullAccounts 2024-06-01 2025-05-31 07631822 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07631822 core:WithinOneYear 2025-05-31 07631822 core:AfterOneYear 2025-05-31 07631822 core:WithinOneYear 2024-05-31 07631822 core:AfterOneYear 2024-05-31 07631822 core:ShareCapital 2025-05-31 07631822 core:SharePremium 2025-05-31 07631822 core:RevaluationReserve 2025-05-31 07631822 core:OtherReservesSubtotal 2025-05-31 07631822 core:RetainedEarningsAccumulatedLosses 2025-05-31 07631822 core:ShareCapital 2024-05-31 07631822 core:SharePremium 2024-05-31 07631822 core:RevaluationReserve 2024-05-31 07631822 core:OtherReservesSubtotal 2024-05-31 07631822 core:RetainedEarningsAccumulatedLosses 2024-05-31 07631822 core:LandBuildings 2025-05-31 07631822 core:PlantMachinery 2025-05-31 07631822 core:Vehicles 2025-05-31 07631822 core:FurnitureFittings 2025-05-31 07631822 core:OfficeEquipment 2025-05-31 07631822 core:NetGoodwill 2025-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 07631822 core:ListedExchangeTraded 2025-05-31 07631822 core:UnlistedNon-exchangeTraded 2025-05-31 07631822 core:LandBuildings 2024-05-31 07631822 core:PlantMachinery 2024-05-31 07631822 core:Vehicles 2024-05-31 07631822 core:FurnitureFittings 2024-05-31 07631822 core:OfficeEquipment 2024-05-31 07631822 core:NetGoodwill 2024-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 07631822 core:ListedExchangeTraded 2024-05-31 07631822 core:UnlistedNon-exchangeTraded 2024-05-31 07631822 core:LandBuildings 2024-06-01 2025-05-31 07631822 core:PlantMachinery 2024-06-01 2025-05-31 07631822 core:Vehicles 2024-06-01 2025-05-31 07631822 core:FurnitureFittings 2024-06-01 2025-05-31 07631822 core:OfficeEquipment 2024-06-01 2025-05-31 07631822 core:NetGoodwill 2024-06-01 2025-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 07631822 core:ListedExchangeTraded 2024-06-01 2025-05-31 07631822 core:UnlistedNon-exchangeTraded 2024-06-01 2025-05-31 07631822 core:MoreThanFiveYears 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments 2025-05-31 07631822 core:Non-currentFinancialInstruments 2024-05-31 07631822 dpl:CostSales 2024-06-01 2025-05-31 07631822 dpl:DistributionCosts 2024-06-01 2025-05-31 07631822 core:LandBuildings 2024-06-01 2025-05-31 07631822 core:PlantMachinery 2024-06-01 2025-05-31 07631822 core:Vehicles 2024-06-01 2025-05-31 07631822 core:FurnitureFittings 2024-06-01 2025-05-31 07631822 core:OfficeEquipment 2024-06-01 2025-05-31 07631822 dpl:AdministrativeExpenses 2024-06-01 2025-05-31 07631822 core:NetGoodwill 2024-06-01 2025-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 07631822 dpl:GroupUndertakings 2024-06-01 2025-05-31 07631822 dpl:ParticipatingInterests 2024-06-01 2025-05-31 07631822 dpl:GroupUndertakings core:ListedExchangeTraded 2024-06-01 2025-05-31 07631822 core:ListedExchangeTraded 2024-06-01 2025-05-31 07631822 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-06-01 2025-05-31 07631822 core:UnlistedNon-exchangeTraded 2024-06-01 2025-05-31 07631822 dpl:CostSales 2023-06-01 2024-05-31 07631822 dpl:DistributionCosts 2023-06-01 2024-05-31 07631822 core:LandBuildings 2023-06-01 2024-05-31 07631822 core:PlantMachinery 2023-06-01 2024-05-31 07631822 core:Vehicles 2023-06-01 2024-05-31 07631822 core:FurnitureFittings 2023-06-01 2024-05-31 07631822 core:OfficeEquipment 2023-06-01 2024-05-31 07631822 dpl:AdministrativeExpenses 2023-06-01 2024-05-31 07631822 core:NetGoodwill 2023-06-01 2024-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2023-06-01 2024-05-31 07631822 dpl:GroupUndertakings 2023-06-01 2024-05-31 07631822 dpl:ParticipatingInterests 2023-06-01 2024-05-31 07631822 dpl:GroupUndertakings core:ListedExchangeTraded 2023-06-01 2024-05-31 07631822 core:ListedExchangeTraded 2023-06-01 2024-05-31 07631822 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-06-01 2024-05-31 07631822 core:UnlistedNon-exchangeTraded 2023-06-01 2024-05-31 07631822 core:NetGoodwill 2025-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 07631822 core:LandBuildings 2025-05-31 07631822 core:PlantMachinery 2025-05-31 07631822 core:Vehicles 2025-05-31 07631822 core:FurnitureFittings 2025-05-31 07631822 core:OfficeEquipment 2025-05-31 07631822 core:AfterOneYear 2025-05-31 07631822 core:WithinOneYear 2025-05-31 07631822 core:ListedExchangeTraded 2025-05-31 07631822 core:UnlistedNon-exchangeTraded 2025-05-31 07631822 core:ShareCapital 2025-05-31 07631822 core:SharePremium 2025-05-31 07631822 core:RevaluationReserve 2025-05-31 07631822 core:OtherReservesSubtotal 2025-05-31 07631822 core:RetainedEarningsAccumulatedLosses 2025-05-31 07631822 core:NetGoodwill 2024-05-31 07631822 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 07631822 core:LandBuildings 2024-05-31 07631822 core:PlantMachinery 2024-05-31 07631822 core:Vehicles 2024-05-31 07631822 core:FurnitureFittings 2024-05-31 07631822 core:OfficeEquipment 2024-05-31 07631822 core:AfterOneYear 2024-05-31 07631822 core:WithinOneYear 2024-05-31 07631822 core:ListedExchangeTraded 2024-05-31 07631822 core:UnlistedNon-exchangeTraded 2024-05-31 07631822 core:ShareCapital 2024-05-31 07631822 core:SharePremium 2024-05-31 07631822 core:RevaluationReserve 2024-05-31 07631822 core:OtherReservesSubtotal 2024-05-31 07631822 core:RetainedEarningsAccumulatedLosses 2024-05-31 07631822 core:NetGoodwill 2023-06-01 07631822 core:IntangibleAssetsOtherThanGoodwill 2023-06-01 07631822 core:LandBuildings 2023-06-01 07631822 core:PlantMachinery 2023-06-01 07631822 core:Vehicles 2023-06-01 07631822 core:FurnitureFittings 2023-06-01 07631822 core:OfficeEquipment 2023-06-01 07631822 core:AfterOneYear 2023-06-01 07631822 core:WithinOneYear 2023-06-01 07631822 core:ListedExchangeTraded 2023-06-01 07631822 core:UnlistedNon-exchangeTraded 2023-06-01 07631822 core:ShareCapital 2023-06-01 07631822 core:SharePremium 2023-06-01 07631822 core:RevaluationReserve 2023-06-01 07631822 core:OtherReservesSubtotal 2023-06-01 07631822 core:RetainedEarningsAccumulatedLosses 2023-06-01 07631822 core:AfterOneYear 2024-06-01 2025-05-31 07631822 core:WithinOneYear 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:CostValuation 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-06-01 2025-05-31 07631822 core:Non-currentFinancialInstruments core:CostValuation 2025-05-31 07631822 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-05-31 07631822 core:Non-currentFinancialInstruments core:CostValuation 2024-05-31 07631822 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-05-31 07631822 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-05-31 07631822 bus:Director1 2024-06-01 2025-05-31 07631822 bus:Director2 2024-06-01 2025-05-31

PROSPERITY PROPERTIES LIMITED

Registered Number
07631822
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

PROSPERITY PROPERTIES LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Directors | JACK, Ian Alexander
| JACK, Shona Marie

Registered Address | 3 Arcot Avenue
| Monkseaton
| Whitley Bay
| NE25 9DX

Registered Number | 07631822 (England and Wales)

PROSPERITY PROPERTIES LIMITED
Balance Sheet as at
31 May 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 27,752 |  |  |  | 35,472
Investment property | 4 |  |  | 624,932 |  |  |  | 624,932
|  |  |  | 652,684 |  |  |  | 660,404
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 19,362 |  |  |  | 21,499 |  |
Cash at bank and on hand |  | 267,223 |  |  |  | 302,781 |  |
|  | 286,585 |  |  |  | 324,280 |  |
Creditors amounts falling due within one year | 6 | (12,314) |  |  |  | (19,206) |  |
Net current assets (liabilities) |  |  |  | 274,271 |  |  |  | 305,074
Total assets less current liabilities |  |  |  | 926,955 |  |  |  | 965,478
Creditors amounts falling due after one year | 7 |  |  | (12,099) |  |  |  | (20,633)
Net assets |  |  |  | 914,856 |  |  |  | 944,845
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2,020 |  |  |  | 2,020
Share premium |  |  |  | 1,054,861 |  |  |  | 1,054,861
Profit and loss account |  |  |  | (142,025) |  |  |  | (112,036)
Shareholders' funds |  |  |  | 914,856 |  |  |  | 944,845

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2025, and are signed on its behalf by:
JACK, Ian Alexander Director
JACK, Shona Marie Director Registered Company No. 07631822

PROSPERITY PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

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.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Revenue from rendering of services
--- | ---
| Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Finance costs
--- | ---
| Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Plant and machinery | 4
| Vehicles | 5

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 2 |  | 2

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 June 24 | 4,393 |  | 36,990 |  | 41,383
| At 31 May 25 | 4,393 |  | 36,990 |  | 41,383
| Depreciation and impairment
| At 01 June 24 | 3,445 |  | 2,466 |  | 5,911
| Charge for year | 322 |  | 7,398 |  | 7,720
| At 31 May 25 | 3,767 |  | 9,864 |  | 13,631
| Net book value
| At 31 May 25 | 626 |  | 27,126 |  | 27,752
| At 31 May 24 | 948 |  | 34,524 |  | 35,472

4. | Investment property
--- | ---

|  | £
| Fair value at 01 June 24 | 624,932
| At 31 May 25 | 624,932

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed by associates and joint ventures / participating interests | 1 |  | -
| Other debtors | 15,865 |  | 21,120
| Prepayments and accrued income | 3,496 |  | 379
| Total | 19,362 |  | 21,499

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 6,960 |  | 7,426
| Amounts owed to related parties | - |  | 8,915
| Taxation and social security | 1,417 |  | -
| Dividends payable | 1,000 |  | -
| Other creditors | 1,701 |  | 1,700
| Accrued liabilities and deferred income | 1,236 |  | 1,165
| Total | 12,314 |  | 19,206

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 623 |  | 7,157
| Other creditors | 11,476 |  | 13,476
| Total | 12,099 |  | 20,633