IRIS Accounts Production v25.2.0.378 11419641 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114196412023-11-30114196412024-11-30114196412023-12-012024-11-30114196412022-11-30114196412022-12-012023-11-30114196412023-11-3011419641ns15:EnglandWales2023-12-012024-11-3011419641ns14:PoundSterling2023-12-012024-11-3011419641ns10:Director12023-12-012024-11-3011419641ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011419641ns10:SmallEntities2023-12-012024-11-3011419641ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011419641ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011419641ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011419641ns10:FullAccounts2023-12-012024-11-3011419641ns10:Director22023-12-012024-11-3011419641ns10:RegisteredOffice2023-12-012024-11-3011419641ns5:CurrentFinancialInstruments2024-11-3011419641ns5:CurrentFinancialInstruments2023-11-3011419641ns5:ShareCapital2024-11-3011419641ns5:ShareCapital2023-11-3011419641ns5:SharePremium2024-11-3011419641ns5:SharePremium2023-11-3011419641ns5:RetainedEarningsAccumulatedLosses2024-11-3011419641ns5:RetainedEarningsAccumulatedLosses2023-11-3011419641ns5:CostValuation2023-11-3011419641ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011419641ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 11419641 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

PROSPERITY WEALTH HOLDINGS LIMITED

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROSPERITY WEALTH HOLDINGS LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTORS: J E Billingham
Mrs E L Billingham





REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF





REGISTERED NUMBER: 11419641 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 2,691,163 4,979,858

CREDITORS
Amounts falling due within one year 6 1,063,429 1,035,176
NET CURRENT ASSETS 1,627,734 3,944,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,627,834

3,944,782

CAPITAL AND RESERVES
Called up share capital 1,315 1,315
Share premium 739 739
Retained earnings 1,625,780 3,942,728
SHAREHOLDERS' FUNDS 1,627,834 3,944,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:





J E Billingham - Director


PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Prosperity Wealth Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2023
and 30 November 2024 100
NET BOOK VALUE
At 30 November 2024 100
At 30 November 2023 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 2,288,995 2,055,086
Amounts owed by related party companies 387,600 644,746
Other debtors 14,568 2,280,026
2,691,163 4,979,858

PROSPERITY WEALTH HOLDINGS LIMITED (REGISTERED NUMBER: 11419641)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,099 1,654
Amounts owed to related party companies 217,591 188,783
Taxation and social security 811,819 811,819
Other creditors 32,920 32,920
1,063,429 1,035,176

7. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts were due from the directors of the company in the sum of £Nil (2023 - £2,265,463). Interest has been charged throughout the year at the official rate of interest.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Billingham.