Company registration number: 09063736
Unaudited financial statements
for the year ended 30 September 2024
for
Prospero Property Portfolio Limited
Pages for filing with the Registrar
Company registration number: 09063736
Prospero Property Portfolio Limited
Balance sheet
as at 30 September 2024
30 Sep 24 30 Sep 23
Note £ £ £ £
Fixed assets
Tangible assets 4 326 408
Investment property 5 2,559,487 2,559,487
2,559,813 2,559,895
Current assets
Debtors 196,327 194,394
Cash at bank and in hand 14,853 34,529
211,180 228,923
Creditors: amounts falling due within one
year
(49,529) (66,059)
Net current assets 161,651 162,864
Total assets less current liabilities 2,721,464 2,722,759
Creditors: Amounts falling due after more
than one year
6 (648,255) (649,768)
NET ASSETS 2,073,209 2,072,991
Capital and reserves
Called up share capital 32 32
Share premium account 1,515,872 1,515,872
Revaluation reserve 67,622 67,622
Profit and loss account 489,683 489,465
TOTAL EQUITY 2,073,209 2,072,991
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09063736
Prospero Property Portfolio Limited
Balance sheet - continued
as at 30 September 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs V Doran, Director
27 June 2025
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Prospero Property Portfolio Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Prospero Property Portfolio Limited is a private company registered in England and Wales. Its registered number is 09063736. The company is limited by shares. Its registered office is 9 Bluecoat Yard, Ware, Hertfordshire, SG12 9HL.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 10% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
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Prospero Property Portfolio Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2023 634
At 30 September 2024 634
Depreciation
At 1 October 2023 226
Charge for year 82
At 30 September 2024 308
Net book value
At 30 September 2024 326
At 30 September 2023 408
5 Investment property
£
Valuation
At 1 October 2023 2,559,487
At 30 September 2024 2,559,487
6 Creditors: amounts falling due after more than five years
30 Sep 24 30 Sep 23
£ £
Repayable otherwise than by instalments
Other loans 648,255 458,764
Other creditors - 191,004
648,255 649,768
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