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Registered number: 13533422
Prospero International Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hallys & Co
Chartered Accountants
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13533422
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,975 -
9,975 -
CURRENT ASSETS
Stocks 5 799,860 132,929
Debtors 6 982,512 133,363
Cash at bank and in hand 301,064 612,880
2,083,436 879,172
Creditors: Amounts Falling Due Within One Year 7 (719,038 ) (2,625 )
NET CURRENT ASSETS (LIABILITIES) 1,364,398 876,547
TOTAL ASSETS LESS CURRENT LIABILITIES 1,374,373 876,547
NET ASSETS 1,374,373 876,547
CAPITAL AND RESERVES
Called up share capital 8 1,680,000 1,050,000
Profit and Loss Account (305,627 ) (173,453 )
SHAREHOLDERS' FUNDS 1,374,373 876,547
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Harpreet Jain
Director
17/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Prospero International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13533422 . The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2024 -
Additions 13,300
As at 31 March 2025 13,300
Depreciation
As at 1 April 2024 -
Provided during the period 3,325
As at 31 March 2025 3,325
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 March 2025 9,975
As at 1 April 2024 -
5. Stocks
2025 2024
£ £
Stock 799,860 132,929
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 118,407 -
Prepayments and accrued income 3,434 -
Other debtors 857,307 132,330
VAT 3,364 1,033
982,512 133,363
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 716,013 -
Accruals 3,025 2,625
719,038 2,625
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,680,000 1,050,000
Page 3